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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) announced 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 net margin of 44.96% and a return on equity of 13.73%. The firm had revenue of C$367.58 million for the quarter.

Choice Properties Real Est Invstmnt Trst Trading Up 2.1%

CHP.UN traded up C$0.31 during midday trading on Friday, hitting C$15.41. The company’s stock had a trading volume of 1,203,752 shares, compared to its average volume of 643,244. The firm has a market cap of C$11.15 billion, a P/E ratio of -149.49 and a beta of 0.55. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The firm has a 50-day moving average price of C$14.97 and a two-hundred day moving average price of C$15.55. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$14.44 and a 52-week high of C$16.87.

Wall Street Analysts Forecast Growth

Several analysts have commented on CHP.UN shares. BMO Capital Markets boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$17.00 in a research note on Friday, July 24th. Scotiabank decreased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$17.50 to C$17.00 in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.