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Choice Properties Real Estate Investment Trust (TSE:CHP.UN)
TSX:CHP.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 17, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.71Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 4.63%
|Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong start to the fiscal year with solid occupancy and NOI growth, successful strategic acquisitions, and robust retail leasing performance. However, there were concerns regarding industrial occupancy decline and potential exposure to tariffs. Overall, the positive highlights outweigh the lowlights.Company Guidance
During the Choice Properties Real Estate Investment Trust First Quarter 2025 Earnings Call, several key metrics and performance indicators were discussed. The company reported near full occupancy at 97.7%, a same-asset cash net operating income (NOI) growth of 2.9%, and a funds from operations (FFO) growth of 1.9%. The call highlighted strategic acquisitions and dispositions totaling approximately $95 million, including a $33 million acquisition of a retail property in Brampton and $62 million in non-core asset sales. Additionally, year-to-date acquisitions were reported at approximately $373 million, including a $182 million industrial distribution asset acquisition. The company also noted an increase in same-asset cash NOI across different asset classes, with industrial seeing a 6.1% increase and mixed-use and residential witnessing a 15.3% rise. The balance sheet remains strong with a debt-to-EBITDA ratio of 7x, bolstered by a fully undrawn $1.5 billion corporate facility. Looking forward, Choice Properties plans to advance its development pipeline, focusing on industrial development at Choice Caledon Business Park and retail intensification, while maintaining a commitment to a strong balance sheet and targeting a debt-to-EBITDA ratio below 7.5x.Strong Occupancy and NOI Growth
The portfolio maintained near full occupancy at 97.7% and achieved strong same-asset cash NOI growth of 2.9%.
Successful Real Estate Transactions
Completed approximately $95 million in total real estate transactions, including $33 million of strategic acquisitions and $62 million of noncore asset dispositions.
Significant Industrial Acquisitions
Completed two industrial transactions totaling $340 million, including a 1.1 million square foot distribution asset with future intensification potential.
Retail Leasing Success
Retail lease renewals were completed at an average rent spread of 11.7%, and new leasing resulted in a positive absorption of 53,000 square feet.
Strong Balance Sheet
Maintained a fully undrawn $1.5 billion corporate facility and $13.1 billion of unencumbered properties, with a debt-to-EBITDA ratio of 7x.
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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 |
|---|---|---|---|
Apr 23, 2025 | C$14.35 | C$14.63 | +2.01% |
Feb 12, 2025 | C$13.11 | C$13.41 | +2.33% |
Nov 06, 2024 | C$13.47 | C$13.67 | +1.51% |
Jul 18, 2024 | C$13.19 | C$13.24 | +0.36% |
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 Jul 17, 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 Jul 17, 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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