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Buy Rating Affirmed for Choice Properties REIT on Strong Performance and Growth Prospects

Buy Rating Affirmed for Choice Properties REIT on Strong Performance and Growth Prospects

Canaccord Genuity analyst Mark Rothschild maintained a Buy rating on Choice Properties Real Estate Investment (PPRQFResearch Report) today and set a price target of C$15.50.

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Mark Rothschild has given his Buy rating due to a combination of factors including Choice Properties REIT’s solid operating performance and growth prospects. The company reported Q1/25 results that slightly exceeded expectations, with FFO per unit and same-property NOI growth of 1.9% and 2.9%, respectively. This performance has led to a year-to-date return of 9.5%, surpassing both retail peers and the REIT index.
Rothschild also highlights the REIT’s high-quality and defensive portfolio, which is expected to continue performing well despite softening fundamentals in other real estate asset classes. The target price remains at $15.50, reflecting a 10% premium to the NAV estimate and an implied total return of 13%. The healthy leasing spreads and high occupancy rates further support the positive outlook, with management guiding for consistent same-property NOI growth in 2025.

In another report released on April 14, National Bank also upgraded the stock to a Buy with a C$16.00 price target.

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