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 has given his Buy rating due to a combination of factors, including resilient fundamentals and attractive valuation. Choice Properties is delivering steady internal growth, with solid same-property NOI gains in both its retail and industrial portfolios, supported by strong leasing spreads, improved occupancy, and manageable leverage despite higher interest costs.
He also highlights the REIT’s income profile, noting a growing distribution with a 5.0% yield and a forecast payout ratio in line with peers, which underpins the sustainability of cash returns. In addition, the units trade at a modest premium to his NAV estimate yet still offer a compelling implied return to his unchanged $17.50 target price, justifying the continued Buy recommendation.
Rothschild covers the Real Estate sector, focusing on stocks such as First Capital Realty, Storagevault Canada, and Allied Properties Real Estate Investment Trust. According to TipRanks, Rothschild has an average return of 10.4% and a 69.98% success rate on recommended stocks.