Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Issues Quarterly Earnings Results

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) released its earnings results on Thursday. The real estate investment trust reported C$2.71 earnings per share for the quarter, FiscalAI reports. Choice Properties Real Est Invstmnt Trst had a return on equity of 13.73% and a net margin of 44.96%. The company had revenue of C$367.58 million during the quarter.

Choice Properties Real Est Invstmnt Trst Stock Up 1.7%

Shares of Choice Properties Real Est Invstmnt Trst stock traded up C$0.26 during trading hours on Friday, reaching C$15.36. 1,243,289 shares of the company were exchanged, compared to its average volume of 643,244. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$14.44 and a 1 year high of C$16.87. The firm has a market cap of C$11.12 billion, a PE ratio of -149.01 and a beta of 0.55. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The stock’s fifty day moving average is C$14.97 and its 200 day moving average is C$15.55.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CHP.UN shares. Scotiabank lowered their target price on Choice Properties Real Est Invstmnt Trst from C$17.50 to C$17.00 in a research report on Monday, July 27th. BMO Capital Markets upped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$17.00 in a report on Friday, July 24th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.90.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties is Canada’s largest real estate investment trust, guided by a clear purpose: to create places where people thrive. This is how we build enduring value. As a national owner, operator, and developer of high-quality commercial and residential real estate, we go beyond managing assets. We create places that strengthen how tenants and communities live, work, and connect. Our platform is built on industry leadership in sustainability, community engagement, and social impact, embedded across how we operate, build, and grow.