Choice Properties Real Estate Investment Trust - Company Profile
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Choice Properties Real Estate Investment Trust (Choice Properties) is a Provider of real estate Services. Its activities include property management, leasing, asset redevelopment, retail intensification, and construction of new properties. Its property types are necessity-based retail centres, industrial facilities, mixed-use developments, and purpose-built rental housing. The portfolio includes properties occupied by brands such as Loblaw, Real Canadian Superstore, No Frills, Shoppers Drug Mart, Walmart, Sobeys, Costco, and Lowe’s. Its customers include retail and pharmacy operators, grocery companies, industrial and logistics businesses, office and commercial tenants, and residential renters. Loblaw is identified as a strategic partner, while the company also operates through development and joint-venture arrangements. Choice Properties is headquartered in Toronto, Ontario, Canada.
Headquarters
Canada
Address
The Weston Centre, 700-22 St. Clair Avenue East, Toronto, Ontario, M4T2S5
Website
www.choicereit.ca
Telephone
1 416 6287771
No of Employees
300
Industry
Construction
Ticker Symbol & Exchange
CHP.UN (TSE)
Revenue (2024)
$1.0B
3.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-107.8%
(2024 vs 2023)
Market Cap*
$3.5B
Net Profit Margin (2024)
XYZ
-107.6%
(2024 vs 2023)
* As of and is in US$
Choice Properties Real Estate Investment Trust premium industry data and analytics
Products and Services
| Services |
|---|
| Real Estate Services |
| Managing and Developing Services for Retail Property |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Acquisitions/Mergers/Takeovers | In June, the company and Loblaw Companies Limited announced to acquire 75% stake in 154 developable acres of industrial land in East Gwillimbury in the Greater Toronto Area. |
| 2022 | Asset Disposal | In March, the company announced sale of six high-quality office properties in Toronto, Vancouver, and Montreal to Allied Properties Real Estate Investment Trust. |
| 2021 | Others | In November, the company announced Green Financing Framework under which the Trust may issue green bonds, green loans, or other financial instruments to fund new and existing eligible green projects. |
Competitor Comparison
| Key Parameters | Choice Properties Real Estate Investment Trust | Granite REIT | Crombie Real Estate Investment Trust | Morguard Real Estate Investment Trust | Nexus Industrial REIT |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Toronto | Toronto | New Glasgow | Mississauga | Oakville |
| State/Province | Ontario | Ontario | Nova Scotia | Ontario | Ontario |
| No. of Employees | 300 | 70 | 281 | 6 | 22 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Rael Diamond | President & CEO; Chief Operating Officer | Senior Management | - | - |
| Stephen Johnson | Chief Executive Officer - Chief Executive Officer (CEO), Choice Properties Real Estate Investment Trust; Advisor to Choice Properties | Senior Management | - | - |
| Galen G. Weston | Chairman and CEO of George Weston Limited | Senior Management | - | - |
| Anthony Graham | Chairman - Chairman of the Board of Trustees, Choice Properties Real Estate Investment Trust | Non Executive Board | - | - |
| Gordon A.M. Currie | Chairman | Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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