Choice Properties Real Estate Investment Trust (T:CHP*CA)
Business Focus: Commercial REITs (NEC)
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | The Weston Centre 700-22 St. Clair Avenue East TORONTO ON M4T 2S5 |
| Tel: | N/A |
| Website: | https://www.choicereit.ca |
| IR: | See website |
| Key People | ||
| Gordon A.M. Currie Chairman of the Board of Trustee | Rael L. Diamond President, Chief Executive Officer, Trustee | Mario Barrafato Chief Financial Officer |
| Niall Collins Chief Operating Officer, Executive Vice President, Development and Construction | Simone Cole Vice President, General Counsel, Company Secretary | |
| Business Overview |
| Choice Properties Real Estate Investment Trust is a real estate investment trust that creates value through the ownership, operation, and development of commercial and residential properties. The Company's portfolio is comprised of retail properties primarily leased to necessity-based tenants. It also owns a portfolio of industrial, mixed-use, and residential assets concentrated in markets across Canada. Its retail portfolio is primarily leased to grocery stores, pharmacies, and other necessity-based tenants. Its industrial portfolio is centered around large, purpose-built distribution facilities for Loblaw and generic industrial assets that accommodate the diverse needs of a range of tenants. Its industrial properties are in target distribution markets across Canada. Its residential properties include both newly developed purpose-built rental buildings and residential-focused mixed-use communities. It is the owner and manager of over 64 million square feet of gross leasable area. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Choice Properties Real Est Invstmnt Trst revenues increased 6% to C$1.33B. Net income increased 7% to C$796.7M. Revenues reflect Retail segment increase of 5% to C$1.09B, FFO per Share (Basic) increase of 4% to C$1, FFO per Share (Diluted) increase of 4% to C$1. Net income benefited from Net Operating Income (NOI) increase of 4% to C$772.3M. |
| Employees: | 280 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $10,847M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,359M as of Mar 31, 2024 |
| EBITDA (TTM): | $888.42M as of Mar 31, 2024 |
| Net annual income (TTM): | $668.17M as of Mar 31, 2024 |
| Free cash flow (TTM): | $404.64M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $6,480M as of Mar 31, 2024 |
| Shares outstanding: | 723,646,497 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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