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Choice Properties Real Estate Investment Trust (TSE:CHP.UN)
TSX:CHP.UN
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.62Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 2.71%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial and operational performance with stable occupancy rates, successful real estate transactions, and significant developments. However, challenges were noted in specific projects such as the Golden Mile redevelopment and potential impacts from tariff concerns. Overall, the positive aspects significantly outweigh the challenges.Company Guidance
During the Choice Properties Real Estate Investment Trust's Q4 2024 earnings call, the company provided several key metrics and guidance for the upcoming year. Choice Properties reported a stable portfolio occupancy rate of 97.6% and achieved a tenant retention rate of 77% with an average rent spread of 21.6% on renewals. The company completed $425 million in real estate transactions throughout the year, including $260 million in acquisitions and $165 million in dispositions. For 2025, Choice Properties anticipates 2% to 3% year-over-year growth in same-asset cash NOI and FFO per unit growth of $1.05 to $1.06. The company expects to maintain a debt-to-EBITDA ratio below 7.5x and plans to focus on advancing its industrial development at Choice Caledon Business Park and its retail intensification program.Strong Financial Performance
Choice Properties Real Estate Investment Trust reported funds from operations (FFO) for the fourth quarter of $188.2 million or $0.26 per unit, reflecting a 2% increase from the fourth quarter of 2023.
High Occupancy Rates
The portfolio maintained stable occupancy at 97.6% for the fourth quarter, with strong tenant retention and leasing activity across asset classes.
Successful Real Estate Transactions
Completed approximately $425 million in real estate transactions for the year, including $260 million of acquisitions and $165 million of dispositions.
Retail and Industrial Growth
Retail same-asset NOI increased by 2.3% and industrial same-asset NOI increased by 6.4%, driven by higher base rents and leasing activity.
Positive Development Pipeline Progress
Added approximately $300 million of high-quality real estate to the portfolio, with significant developments in retail and industrial sectors.
Distribution Increase
The Board of Trustees has approved the third consecutive annual distribution increase effective March 2025, demonstrating commitment to growth sharing with unitholders.
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Choice Properties Real Estate Investment (TSE:CHP.UN) Earnings, Revenues Date & History
TSE:CHP.UN Earnings History
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
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TSE:CHP.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | C$13.29 | C$13.60 | +2.33% |
| Nov 06, 2024 | C$13.65 | C$13.86 | +1.52% |
| Jul 18, 2024 | C$13.37 | C$13.42 | +0.37% |
| Apr 24, 2024 | C$12.36 | C$12.47 | +0.85% |
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.
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FAQ
When does Choice Properties Real Estate Investment Trust (TSE:CHP.UN) report earnings?
Choice Properties Real Estate Investment Trust (TSE:CHP.UN) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Choice Properties Real Estate Investment Trust (TSE:CHP.UN) earnings time?
Choice Properties Real Estate Investment Trust (TSE:CHP.UN) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CHP.UN EPS forecast?
Currently, no data Available
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