Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last C$11.32 CAD
Change Today +0.02 / 0.18%
Volume 74.9K
As of 4:00 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

choice properties reit (CHP-U) Snapshot

Open
C$11.30
Previous Close
C$11.30
Day High
C$11.33
Day Low
C$11.21
52 Week High
03/24/15 - C$11.85
52 Week Low
09/29/14 - C$10.24
Market Cap
4.6B
Average Volume 10 Days
99.7K
EPS TTM
C$0.49
Shares Outstanding
88.0M
EX-Date
08/27/15
P/E TM
23.3x
Dividend
C$0.65
Dividend Yield
5.74%
Current Stock Chart for CHOICE PROPERTIES REIT (CHP-U)

Related News

No related news articles were found.

choice properties reit (CHP-U) Related Businessweek News

No Related Businessweek News Found

choice properties reit (CHP-U) Details

Choice Properties Real Estate Investment Trust is an equity real estate investment trust. It invests in the real estate markets of Canada. The trust owns, develops, and manages commercial real estate for its clients. Its portfolio mainly consists of supermarket anchored shopping centres, stand-alone supermarkets and other commercial properties. Choice Properties Real Estate Investment Trust is based in Toronto, Ontario.

choice properties reit (CHP-U) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$630.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$400.0K
Compensation as of Fiscal Year 2014.

choice properties reit (CHP-U) Key Developments

Choice Properties Real Estate Investment Trust Provides Update on the Acquisition of Three Retail Properties

Choice Properties Real Estate Investment Trust provided an update on the recent acquisition of three retail properties. Leveraging its alliance with its principal tenant, Choice Properties acquired two standalone pharmacies from Shoppers Drug Mart Corporation. The third property was acquired from a third party vendor, and is located adjacent to an existing Choice Properties owned standalone food store site. These three acquisitions increased the total portfolio size to 515 properties, or 41.4 million square feet. On August 20, 2015, Choice Properties completed the acquisition of two Shoppers Drug Mart standalone pharmacies located at 1428 Highway West, Courtice and 9186 Highway 93 South, Midland in Ontario. The purchase price for the two properties was approximately $18.2 million, excluding transaction costs. The acquisition was immediately accretive with a total stabilized net operating income of approximately $1.1 million, representing an implied capitalization rate of 6.16%. The acquisition was funded through the issuance of 280,155 Class B LP Units of Choice Properties Limited Partnership, which have a value of $3.2 million, and the balance in cash.1428 Highway 2 West in Courtice is a 30,309 square foot two-storey retail building and 9185 Highway 93 South in Midland is an 18,329 square foot single-storey retail building. Both properties are 100% occupied by Shoppers Drug Mart, each with a 20-year initial lease term and five five-year renewal options. On August 11, 2015, Choice Properties acquired a 12,023 square foot single-storey retail building adjacent to an existing Choice Properties owned site located at 3045 Mavis Road, Mississauga. The property is currently 100% occupied by a Liquor Control Board of Ontario (LCBO) store. The total purchase price for 3020 Elmcreek Road, Mississauga was approximately $5.6 million, excluding transaction costs. The acquisition was immediately accretive with a stabilized NOI of approximately $337,000, representing an implied capitalization rate of 6.07%. The acquisition was funded through a combination of cash and an assumption of a $2.1 million mortgage. Upon acquisition the property was combined with the adjacent Choice Properties owned site and together re-categorized as a multi-tenant property. The total site area for both 3020 Elmcreek Road, Mississauga and 3045 Mavis Road, Mississauga comprises 9.05 acres with a combined GLA of 92,892 square feet.

Choice Properties Real Estate Investment Trust Declares Distribution for the Month of August Payable on September 15, 2015

Choice Properties Real Estate Investment Trust announced that the trustees of Choice Properties have declared a distribution for the month of August, 2015 of $0.054167 per trust unit, representing $0.65 per unit on an annualized basis, payable September 15, 2015 to Unit holders of record on August 31, 2015.

Choice Properties Real Estate Investment Trust Declares Distribution for the Month of July, 2015, Payable August 17, 2015

Choice Properties Real Estate Investment Trust announced that the trustees of Choice Properties have declared a distribution for the month of July, 2015 of $0.054167 per trust unit, representing $0.65 per unit on an annualized basis, payable August 17, 2015 to Unitholders of record on July 31, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CHP-U:CN C$11.32 CAD +0.02

CHP-U Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for CHP-U.
View Industry Companies
 

Industry Analysis

CHP-U

Industry Average

Valuation CHP-U Industry Range
No financial data is available for CHP-U.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CHOICE PROPERTIES REIT, please visit www.choicereit.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.