Choice Properties Real Estate Investment Trust
CHP.UN
ISIN CA17039A1066 / Valor 21766032
Choice Properties Real Estate Investment Trust
UMushroom community rating:
About company
Choice Properties Real Estate Investment Trust is a prominent player in the real estate industry, focusing on owning, operating, and developing top-tier commercial and residential properties. The company is dedicated to creating lasting value for its stakeholders through strategic investments and efficient management of its real estate portfolio. With a strong emphasis on quality and sustainability, Choice Properties aims to provide attractive returns for investors while contributing to the overall growth and stability of the real estate market.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Net Income
Choice Properties Real Estate Investment Trust reported a net income of $513.2 million for the second quarter of 2024. This represents a slight decrease compared to the net income of $535.7 million reported in the same quarter of the previous year.
Funds from Operations (FFO)
For the second quarter of 2024, Choice Properties Real Estate Investment Trust reported Funds from Operations (FFO) per unit diluted of $0.255. This is a marginal increase from the $0.254 reported in the second quarter of 2023, reflecting a stable performance despite certain non-recurring items and timing differences.
Adjusted Funds from Operations (AFFO)
Adjusted Funds from Operations (AFFO) per unit diluted for Choice Properties Real Estate Investment Trust in the second quarter of 2024 was $0.244. This marks a 3.8% increase from the $0.235 reported in the same quarter of the previous year, indicating improved operational efficiency.
Same-Asset Net Operating Income (NOI)
Choice Properties Real Estate Investment Trust saw a 4.4% increase in Same-Asset Net Operating Income (NOI) on a cash basis in the second quarter of 2024 compared to the same period in 2023. This growth was driven by strong performance across their retail, industrial, and mixed-use & residential portfolios.
Occupancy Rate
The occupancy rate for Choice Properties Real Estate Investment Trust remained robust at 98.0% at the end of the second quarter of 2024. This is a slight improvement from the 97.4% occupancy rate reported at the end of the second quarter of 2023, reflecting strong leasing activity and tenant retention.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3045 M
Market cap (USD)
88,841
Daily traded volume (Shares)
13.48 / 13.35
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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