Mark Rothschild, an analyst from Canaccord Genuity, maintained the Buy rating on Choice Properties Real Estate Investment. The associated price target is C$17.50.
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Mark Rothschild’s rating is based on a combination of factors that highlight the solid performance and growth potential of Choice Properties Real Estate Investment. The company’s recurring funds from operations (FFO) per unit increased by 3.5% in the quarter, driven by a 2.8% growth in same-property net operating income (NOI). This growth is attributed to strong leasing spreads and improved occupancy rates, particularly in the retail and industrial portfolios.
Furthermore, the financial forecast for Choice Properties indicates a steady increase in FFO per unit, with projections for 2025 and 2026 showing growth rates of 4.1% and 2.6%, respectively. The valuation of the REIT’s portfolio, using a cap rate of 6.3%, suggests that the units are trading at a discount compared to peers. With a target price set at a 15% premium to the net asset value estimate, Rothschild maintains a Buy rating, reflecting confidence in the REIT’s ability to deliver consistent returns.
Rothschild covers the Real Estate sector, focusing on stocks such as DREAM Un Cl A, Killam Apartment REIT Un, and Flagship Communities REIT Investment Trust. According to TipRanks, Rothschild has an average return of 9.0% and a 67.15% success rate on recommended stocks.