Canada's Choice Properties REIT reports Q4 net loss

Choice Properties Real Estate Investment Trust

18/02/2026 22:53

Overview

Canada real estate REIT's Q4 net loss driven by unfavorable fair value adjustments

Company reported Q4 FFO per unit growth of 0.8% yr/yr

Outlook

Choice Properties targets 2%-3% growth in Same-Asset NOI, Cash Basis in 2026

Company expects annual FFO per unit diluted of $1.08 to $1.10 in 2026

Choice Properties aims for Adjusted Debt to EBITDAFV below 7.5x in 2026

Result Drivers

TENANT DEMAND - Strong tenant demand in grocery-anchored centers and industrial assets improved occupancy and cash flow

DEVELOPMENT PROJECTS - Delivered C$160.5 mln of development projects, adding 600,500 sq ft of new commercial space

REAL ESTATE TRANSACTIONS - Completed C$261.3 mln of real estate transactions, contributing to cash flow growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
-C$53.36 mln
Q4 FFO
C$189.92 mln
Q4 FFO Per Share
C$0.26


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "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 2.6% above its February 18 closing price of C$15.60

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw3Qn3k7a

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(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.)