BMO Capital analyst Michael Markidis maintained a Buy rating on Choice Properties Real Estate Investment on February 20 and set a price target of C$16.50.
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Michael Markidis has given his Buy rating due to a combination of factors, including Choice Properties’ solid 2025 results and constructive 2026 outlook. He views the REIT’s blend of predictable cash flows and measured growth as attractive, and argues that its above-peer valuation is justified by the portfolio’s scale and quality, robust development pipeline, and exceptionally strong balance sheet.
He also highlights healthy underlying operating trends, with steady SPNOI growth, strong leasing spreads in both industrial and retail segments, and high renewal retention supporting future earnings. In addition, active capital recycling, reduced office exposure through a key joint venture, and a growing pipeline of industrial and retail projects are expected to enhance long‑term value, underpinning his increased target price and Buy recommendation.
In another report released on February 20, Scotiabank also maintained a Buy rating on the stock with a C$16.50 price target.