Brief: Choice Properties REIT Q2 Rental Revenue CAD 350.779 Million

Choice Properties Real Estate Investment Trust

17/07/2025 21:39

Overview

Choice Properties swings to Q2 net loss from year-ago net profit

FFO per unit increased 3.9% yr/yr

Outlook

Choice Properties targets 2%-3% growth in Same-Asset NOI, Cash Basis for 2025

Company expects annual FFO per unit diluted of C$1.05-C$1.06

Choice Properties aims for adjusted debt to EBITDAFV below 7.5x for 2025

Company focuses on commercial developments to enhance portfolio quality

Result Drivers

FAIR VALUE ADJUSTMENTS - Net loss driven by unfavorable fair value adjustment in Exchangeable Units

STRATEGIC TRANSACTIONS - Completed C$427 mln of transactions in qtr, including acquisitions and disposals, strengthened portfolio

HIGH OCCUPANCY - Maintained "strong" occupancy rates across retail, industrial, and mixed-use & Residential segments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Rental Revenue
C$350.78 mln
Q2 Net Income
-C$154.25 mln
Q2 Adjusted FFO
C$166.94 mln
Q2 FFO
C$191.57 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Choice Properties Real Estate Investment Trust is C$16.00, about 7.4% above its July 16 closing price of C$14.81

Press Release: ID:nBw42nwxwa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)