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Choice Properties Real Estate Investment Trust (T:CHP.UN)

Business Focus: Commercial REITs (NEC)

Sector:  Real Estate Industry:  Commercial REITs
See Regulatory Filings on SEDAR
Company Contact
Address: 22 St. Clair Avenue East, Suite 500
Tel: N/A
IR: See website
Key People
Rael L. Diamond
President, Chief Executive Officer
Mario Barrafato
Chief Financial Officer
Ana Radic
Executive Vice President - Leasing and Operations
Doris Baughan
Senior Vice President, General Counsel, Secretary
Mario Fatica
Senior Vice President - Development and Construction
Andrew Reial
Senior Vice President - Office and Industrial
Jennifer Maccarone
Vice President - Human Resources
Business Overview
Choice Properties Real Estate Investment Trust (the Trust) is an unincorporated, open-ended real estate investment trust. The Trust is the owner, manager and developer of retail and other commercial properties across Canada. Its portfolio comprises approximately 712 properties with a total gross leasable area (GLA) of approximately 66 million square feet. Its portfolio includes retail properties, industrial properties, an office complex and residential properties. The retail properties are made up of approximately 576 properties with a standalone retail store operating under a Loblaw banner. The Company's industrial properties are made up of approximately 122 properties. The Company's office complex includes approximately 10 properties and its residential properties are made up of approximately 4 properties. Its subsidiaries include Choice Properties Limited Partnership and Choice Properties GP Inc.
Financial Overview
For the six months ended 30 June 2022, Choice Properties Real Est Invstmnt Trst revenues decreased 1% to C$641.1M. Net income increased from C$22.4M to C$375.2M. Revenues reflect Retail segment decrease of less than 1% to C$518.6M. Net income reflects Net Operating Income (NOI) increase of 6% to C$36.4M, Foreign Exchange Gain/Loss'€“Non-Business decrease from C$506.6M (expense) to C$451.2M (income).
Employees: 298 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $10,669M as of Jun 30, 2022
Annual revenue (TTM): $1,283M as of Jun 30, 2022
EBITDA (TTM): $869.31M as of Jun 30, 2022
Net annual income (TTM): $375.76M as of Jun 30, 2022
Free cash flow (TTM): $151.33M as of Jun 30, 2022
Net Debt Last Fiscal Year: $6,609M as of Jun 30, 2022
Shares outstanding: 723,544,974 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization