Financial PerformanceChoice Properties REIT reported solid results, slightly ahead of expectations as operating performance has been solid, in spite of an increase in vacancy in the industrial portfolio.
Leasing ActivityHealthy leasing activity indicates strong demand for retail space, with net absorption of 118,000 sf and occupancy improved to 97.8%.
Stock PerformanceThe units have returned 14.5% year-to-date, outpacing both the retail peers and the REIT index of 10.5% and 10.4%, respectively.