Choice Properties Real Estate Investment Trust (TSE:CHP.UT)
TSX:CHP.UT
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Choice Properties Real Estate Investment
(TSX:CHP.UT)
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Rating:63Neutral
Price Target:
C$17.00
â–²(7.66% Upside)
Action:Reiterated
Date:05/29/26
The score is driven primarily by solid cash generation and an acceptable (though moderately leveraged) balance sheet, which help offset the recent swing to reported losses. Technicals are moderately positive with the price above key moving averages and supportive momentum. Valuation is mixed: the dividend yield is supportive, but the negative P/E reflects current losses and reduces confidence in earnings-based valuation.
Positive Factors
Strong operating cash flow
Sustained, above-net-income operating cash flow supports distribution coverage, recurring capital needs, and debt servicing. Over 2-6 months this structural cash generation gives the trust flexibility to fund developments, absorb timing swings, and maintain liquidity despite accounting losses.
Negative Factors
Moderate-to-high leverage
A debt-to-equity near 1.5 limits financial flexibility and raises refinancing and interest-rate sensitivity. Structurally, higher leverage reduces room for additional investment, increases liquidity risk if rates rise, and constrains capacity to weather property value or cash-flow shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating cash flow
Sustained, above-net-income operating cash flow supports distribution coverage, recurring capital needs, and debt servicing. Over 2-6 months this structural cash generation gives the trust flexibility to fund developments, absorb timing swings, and maintain liquidity despite accounting losses.
Read all positive factors
Choice Properties Real Estate Investment (CHP.UT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$11.82B
Dividend Yield5.21%
Average Volume (3M)415.84K
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue Growth4.41%
EPS Growth-109.54%
CountryCA
Employees285
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)-0.06
Shares Outstanding328,024,260
10 Day Avg. Volume309,368
30 Day Avg. Volume415,838
Financial Highlights & Ratios
PEG Ratio1.62
Price to Book (P/B)2.34
Price to Sales (P/S)7.55
P/FCF Ratio20.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$17.25Price Target Upside9.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.07
Revenue Forecast (FY)C$1.60B
Choice Properties Real Estate Investment Business Overview & Revenue Model
Company Description
Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high-quality portfolio comprising 725 properties totaling 66.1 million square feet of gross leasable area. Choice Properties ...
How the Company Makes Money
Choice Properties makes money primarily by generating recurring rental income from leasing its properties to tenants under commercial lease agreements. Its key revenue streams typically include: (1) Base rent from long-term leases across its retai...
Choice Properties Real Estate Investment Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
58
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.43B | 1.42B | 1.37B | 1.43B | 1.26B | 1.29B |
| Gross Profit | 1.03B | 1.02B | 978.57M | 1.04B | 900.64M | 912.01M |
| EBITDA | 437.88M | 236.54M | 1.37B | 1.14B | 1.28B | 956.90M |
| Net Income | -52.15M | -61.19M | 784.44M | 796.69M | 744.25M | 23.01M |
Balance Sheet | ||||||
| Total Assets | 17.72B | 17.91B | 17.56B | 17.31B | 16.82B | 16.17B |
| Cash, Cash Equivalents and Short-Term Investments | 34.76M | 71.18M | 63.39M | 252.42M | 64.74M | 84.30M |
| Total Debt | 6.82B | 6.80B | 6.68B | 6.70B | 6.55B | 6.23B |
| Total Liabilities | 7.21B | 7.47B | 12.66B | 12.94B | 13.00B | 12.86B |
| Stockholders Equity | 10.51B | 4.58B | 4.90B | 4.37B | 3.82B | 3.31B |
Cash Flow | ||||||
| Free Cash Flow | 630.38M | 534.16M | 724.73M | 641.97M | 1.01B | 773.41M |
| Operating Cash Flow | 684.40M | 697.71M | 724.73M | 641.97M | 633.15M | 669.43M |
| Investing Cash Flow | -687.99M | -550.46M | -584.21M | -361.35M | -616.73M | -64.12M |
| Financing Cash Flow | -66.70M | -139.45M | -329.56M | -92.94M | -35.99M | -728.22M |
Choice Properties Real Estate Investment Technical Analysis
Positive
15.79
Price Trends
15.62
Positive
15.50
Positive
15.00
Positive
Market Momentum
0.22
Negative
62.47
Neutral
66.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CHP.UT, the sentiment is Positive. The current price of 15.79 is below the 20-day moving average (MA) of 15.98, above the 50-day MA of 15.62, and above the 200-day MA of 15.00, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 62.47 is Neutral, neither overbought nor oversold. The STOCH value of 66.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CHP.UT.
Choice Properties Real Estate Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$2.43B | 12.52 | 7.95% | 5.52% | 25.61% | 162.10% | |
72 Outperform | C$5.94B | 14.05 | 7.00% | 7.22% | -1.84% | 48.17% | |
70 Outperform | C$4.94B | 4.54 | 24.22% | 4.71% | 0.35% | 399.29% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | C$3.30B | 27.21 | 6.51% | 5.82% | 5.35% | -430.27% | |
63 Neutral | C$11.82B | -210.14 | -1.32% | 5.21% | 4.41% | -109.54% |
* Real Estate Sector Average
TSE:CHP.UT
Choice Properties Real Estate Investment
16.17
2.25
16.14%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.