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Canadian REIT owning grocery-anchored retail, industrial and mixed-use properties, majority-linked to Loblaw.
Canadian REIT owning grocery-anchored retail, industrial and mixed-use properties, majority-linked to Loblaw.
Collects rent on long leases, with Loblaw supplying a large share, so income is steady but tied to one grocer. George Weston, which also controls Loblaw, is the controlling unitholder, and as a trust it pays out most of its cash as distributions.
Moat: narrow (installed base, distribution). Loblaw-anchored leases give stable, inflation-linked cash flow and low vacancy.
Headquarters: Toronto, Canada · Founded: 2013 · Employees: 266
Size Choice Properties Real Estate Investment Trust (CHP-UN.TO) is a Canada Real Estate company (Real Estate Investment Trusts) with a market value of $7.95B, the 87th largest of 420 Canada companies the cockpit tracks. Shares closed at C$15.40 on 6 Nov 2026.
Performance Over six months the shares fell 0.7%, against +0.4% for the median peer and +5.2% for the Canada market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +7.3%); the operating margin is 19.8% (peer median 41.5%).
Valuation It trades at 2.66× book value against a peer median of 1.48× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 14.7%; Choice Properties Real Estate Investment Trust delivers -1.7%, so the price asks more than the business earns today.
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.44B | C$1.42B | C$1.37B | C$1.34B | C$1.27B |
| Revenue growth | — | +3% | +3% | +6% | — |
| Gross profit | C$1.03B | C$1.02B | C$981M | C$947M | C$904M |
| EBITDA | C$288M | C$334M | C$1.12B | C$1.14B | C$780M |
| Net income | -C$74.3M | -C$61.2M | C$784M | C$797M | C$744M |
| Free cash flow | C$524M | C$534M | C$725M | C$642M | C$701M |
| Capital expenditure | C$159M | C$164M | C$0 | C$0 | C$0 |
| Total debt | C$6.79B | C$6.80B | C$6.68B | C$6.70B | C$6.55B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Choice Properties Real Estate Investment Trust CHP-UN.TO | $7.95B | -1% | +4% | -2% | 2.66× | 14.7% |
| RioCan Real Estate Investment Trust REI-UN.TO | $4.41B | -3% | -13% | 7% | 0.86× | 7.7% |
| CT Real Estate Investment Trust CRT-UN.TO | $3.11B | +3% | +5% | 13% | 0.68× | 6.2% |
| SmartCentres Real Estate Investment Trust SRU-UN.TO | $3.37B | -3% | -1% | 3% | 0.93× | 7.4% |
| First Capital Real Estate Investment Trust FCR-UN.TO | $3.55B | 0% | +3% | 24% | 1.01× | 8.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CHP-UN.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.1% | +6.5% | 10th lowest of 21 |
| 6-month return | -0.7% | +0.4% | 10th lowest of 21 |
| Return on equity | -1.7% | 9.2% | 5th lowest of 21 |
| Price / book | 2.66× | 1.48× | 4th most expensive of 21 |
| ROE the price implies | 14.7% | 12.4% | 9th most demanding of 21 |
| ROE delivered | -1.7% | 9.1% | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Choice Properties Real Estate Investment Trust CHP-UN.TO | Canada | $7.95B | -1% | +4% | -2% | 2.66× | 14.7% | -1.7% |
| Vicinity Centres VCX.AX | Australia | $8.01B | 0% | +3% | 12% | 0.94× | 9.7% | 12.0% |
| NNN REIT NNN | United States | $7.89B | -7% | +7% | 9% | 1.75× | 12.9% | 8.9% |
| Rexford Industrial Realty REXR | United States | $8.02B | +4% | -2% | -6% | 1.16× | 11.7% | -5.9% |
| MERLIN Properties SOCIMI MRL.MC | Spain | $8.05B | -23% | +13% | 10% | 0.77× | 8.0% | 9.9% |
| Alexandria Real Estate Equities ARE | United States | $7.80B | -2% | -10% | -9% | 0.52× | 7.0% | -9.1% |
| Stockland SGP.AX | Australia | $7.74B | +15% | +15% | 10% | 1.04× | 11.7% | 9.5% |
| Land Securities LAND.L | United Kingdom | $7.51B | +20% | +7% | 5% | 0.77× | 11.9% | 5.3% |
| COPT Defense Properties CDP | United States | $7.43B | +4% | +7% | 11% | 2.42× | 17.3% | 11.2% |
| Charter Hall CHC.AX | Australia | $7.26B | +14% | -19% | 37% | 18.01× | 213.5% | 36.9% |
| Terreno Realty TRNO | United States | $7.24B | 0% | +18% | 9% | 1.61× | 14.0% | 9.2% |
| CapitaLand Ascendas REIT A17U.SI | Singapore | $8.83B | -9% | +7% | 7% | 0.99× | 5.2% | 7.0% |
| First Industrial Realty Trust FR | United States | $7.13B | -14% | +9% | 13% | 2.57× | 20.9% | 13.2% |
| Lineage LINE | United States | $8.91B | -2% | +1% | -2% | 1.13× | 9.9% | -2.0% |
| STAG Industrial STAG | United States | $7.06B | -6% | +9% | 8% | 1.93× | 15.5% | 7.6% |
| Macerich MAC | United States | $7.04B | +14% | +9% | -14% | 2.50× | 33.9% | -14.5% |
| CareTrust REIT CTRE | United States | $9.03B | -8% | +53% | 9% | 2.01× | 14.7% | 9.1% |
| Agree Realty ADC | United States | $9.09B | -8% | +18% | 4% | 1.34× | 8.2% | 3.8% |
| Ryman Hospitality Properties RHP | United States | $9.11B | +19% | +13% | 26% | 6.58× | 55.9% | 26.0% |
| GPT GPT.AX | Australia | $6.88B | +11% | -8% | 10% | 0.92× | 11.0% | 10.0% |
| Brixmor Property BRX | United States | $9.21B | +1% | +5% | 14% | 3.05× | 23.1% | 14.2% |