Choice Properties delivered strong leasing and occupancy results, with notable growth in FFO per unit and a strategic expansion in retail and industrial assets. Despite some macroeconomic uncertainties and pressures in the residential market, the company's financial position remains solid, and they continue to execute on growth initiatives.

Company Guidance

During the Choice Properties Real Estate Investment Trust's third quarter 2025 earnings call, several key financial metrics and strategic updates were discussed. The company reported a near full occupancy rate of 98%, marking a 20 basis point improvement from the previous quarter. Rent spreads were robust, with overall rents increasing by 10.8%, significantly bolstered by Loblaw renewals. Excluding these renewals, average rent spreads rose by approximately 23%. The quarter also saw a 7.8% growth in funds from operations (FFO) per unit, partly driven by lease surrender revenue from Loblaw's rightsizing initiative. Excluding nonrecurring items, FFO per unit grew by 3.5%. The company completed $118 million in real estate transactions, including a $9 million acquisition for a greenfield site in Ottawa and $109 million in noncore asset dispositions. Additionally, Choice Properties announced a $500 million dual tranche unsecured debenture offering, contributing to a strong debt profile with a 16-year average term. As a result of these activities, the company has increased its 2025 FFO per unit guidance to $1.06 to $1.07, indicating a 3% to 4% year-over-year growth.

Strong Tenant Demand and Near Full Occupancy

Choice Properties maintained near full occupancy of 98%, up 20 basis points from last quarter, driven by strong tenant demand in their national grocery-anchored retail portfolio and industrial assets.

Robust Leasing Activity

The company achieved healthy overall rent spreads of 10.8% during the quarter, with an average rent spread of 23% excluding Loblaw renewals.

FFO Per Unit Growth

FFO per unit growth was 7.8% this quarter, supported by lease surrender revenue from the Loblaw rightsizing initiative. Excluding nonrecurring items, FFO per unit growth was 3.5%.

New Retail and Industrial Developments

Seven new retail intensification projects were delivered at attractive yields. The company also completed a $9 million acquisition of a 50% interest in a greenfield site in Ottawa.

Strong Financial Position

Choice Properties ended the quarter with approximately $1.5 billion of available liquidity and $13.7 billion of unencumbered properties.

Choice Properties Real Estate Investment (PPRQF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PPRQF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 18, 2026	2025 (Q4)	- / -	0.781	―	―	―
Nov 05, 2025	2025 (Q3)	- / 0.24	-0.654	136.57% (+0.89)
Jul 18, 2025	2025 (Q2)	- / -0.15	0.506	-130.04% (-0.66)
Apr 23, 2025	2025 (Q1)	- / -0.09	0.141	-167.51% (-0.24)
Feb 12, 2025	2024 (Q4)	- / 0.78	-0.44	277.60% (+1.22)
Nov 06, 2024	2024 (Q3)	- / -0.65	0.43	-252.16% (-1.08)
Jul 18, 2024	2024 (Q2)	- / 0.51	0.528	-4.19% (-0.02)
Apr 24, 2024	2024 (Q1)	- / 0.14	0.267	-47.33% (-0.13)
Feb 14, 2024	2023 (Q4)	- / -0.44	-0.571	23.00% (+0.13)
Nov 08, 2023	2023 (Q3)	- / 0.43	0.935	-54.05% (-0.51)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PPRQF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2025	$10.54	$10.62	+0.76%
Jul 18, 2025	$10.58	$10.87	+2.68%
Apr 23, 2025	$10.09	$10.29	+1.96%
Feb 12, 2025	$8.88	$9.19	+3.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Choice Properties Reit (OTC) (PPRQF) report earnings?

Choice Properties Reit (OTC) (PPRQF) is schdueled to report earning on Feb 18, 2026, Before Open (Confirmed).

What is Choice Properties Reit (OTC) (PPRQF) earnings time?

Choice Properties Reit (OTC) (PPRQF) earnings time is at Feb 18, 2026, Before Open (Confirmed).

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