CHP-UN:CA:TSX-Choice Properties Real Estate Investment Trust (CAD)

COMMON STOCK | REIT-Retail | TSX

Last Closing Price

CAD 14.68

Change

-0.02 (-0.14)%

Market Cap

CAD 4.81B

Volume

0.33M

Avg Analyst Target

CAD 14.62 (-0.44%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

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 owns a portfolio comprised of retail properties predominantly leased to necessity-based tenants; industrial, office and residential assets concentrated in attractive markets; and offers an impressive and substantial development pipeline. Choice Properties' strategic alliance with its principal tenant, Loblaw Companies Limited, the country's leading retailer, is a key competitive advantage providing long-term growth opportunities. Address: 22 St. Clair Avenue East, Toronto, ON, Canada, M4T 2S5

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2021-08-03 )

Largest Industry Peers for REIT-Retail

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
REI-UN:CA RioCan Real Estate Investment ..

-0.15 (-0.67%)

CAD7.18B 294.92 106.67
SRU-UN:CA SmartCentres Real Estate Inves..

-0.19 (-0.63%)

CAD5.13B 60.44 38.86
FCR-UN:CA First Capital Real Estate Inve..

-0.22 (-1.22%)

CAD3.97B 40.95 30.51
CRT-UN:CA CT Real Estate Investment Trus..

-0.05 (-0.29%)

CAD3.96B 40.00 16.15
SGR-UN:CA Slate Grocery REIT

-0.08 (-0.60%)

CAD0.63B 6.14 10.07
PLZ-UN:CA Plaza Retail REIT

-0.04 (-0.89%)

CAD0.46B 10.20 40.15

ETFs Containing CHP-UN:CA

Symbol Name Weight Mer Price(Change) Market Cap
PHR:CA Purpose Real Estate Incom.. 0.00 % 0.78 %

N/A

CAD0.02B
RIT:CA CI Canadian REIT ETF 0.00 % 0.86 %

-0.09 (-0.45%)

CAD0.51B
TLV:CA Invesco S&P/TSX Composite.. 0.00 % 0.34 %

N/A

CAD0.32B
VRE:CA Vanguard FTSE Canadian Ca.. 0.00 % 0.38 %

-0.11 (-0.30%)

CAD0.34B
XRE:CA iShares S&P/TSX Capped RE.. 0.00 % 0.61 %

-0.12 (-0.60%)

CAD1.41B
ZRE:CA BMO Equal Weight REITs In.. 0.00 % 0.61 %

-0.20 (-0.75%)

CAD0.78B
REIT:CA Invesco S&P/TSX REIT Inco.. 0.00 % 0.51 %

-0.08 (-0.33%)

CAD0.03B
MCSB:CA Mackenzie Canadian Short .. 0.00 % 0.39 %

+0.01 (+0.05%)

CAD0.03B

Market Performance

  Market Performance vs.
Industry/Classification (REIT-Retail)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 12.84% 29% F 54% F
Dividend Return 0.47% 50% F 12% F
Total Return 13.31% 29% F 52% F
Trailing 12 Months  
Capital Gain 16.97% 20% F 41% F
Dividend Return 3.17% 40% F 57% F
Total Return 20.15% 20% F 42% F
Trailing 5 Years  
Capital Gain 2.73% 80% B- 39% F
Dividend Return 22.05% 100% A+ 80% B-
Total Return 24.78% 80% B- 45% F
Average Annual (5 Year Horizon)  
Capital Gain -0.01% 80% B- 24% F
Dividend Return 5.10% 40% F 91% A-
Total Return 5.09% 80% B- 44% F
Risk Return Profile  
Volatility (Standard Deviation) 12.37% 100% A+ 68% D+
Risk Adjusted Return 41.13% 80% B- 50% F
Market Capitalization 4.81B 71% C- 81% B-
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(REIT-Retail)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 20.39 71% C- 30% F
Price/Book Ratio 1.39 29% F 61% D-
Price / Cash Flow Ratio 7.75 100% A+ 51% F
EV/EBITDA 14.51 86% B 39% F
Management Effectiveness  
Return on Equity 7.11% 86% B 53% F
Return on Invested Capital 12.33% 86% B 88% B+
Return on Assets 3.67% 71% C- 71% C-
Debt to Equity Ratio N/A N/A N/A N/A N/A
Technical Ratios  
Short Ratio 3.23 86% B 33% F
Short Percent 0.46% 86% B 70% C-
Beta 0.53 100% A+ 86% B
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

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User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What to not like:
Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.