Choice Properties Real Estate Investment Trust PPRQF
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Trading Information
- Previous Close Price
- $9.50
- Day Range
- $9.54–9.54
- 52-Week Range
- $8.88–10.82
- Bid/Ask
- $9.49 / $9.58
- Market Cap
- $3.13 Bil
- Volume/Avg
- 185 / 82,949
Key Statistics
- Price/Earnings (Normalized)
- 13.02
- Price/Sales
- 6.85
- Dividend Yield (Trailing)
- 6.02%
- Dividend Yield (Forward)
- 4.23%
- Total Yield
- 5.99%
Company Profile
Choice Properties Real Estate Investment Trust invests in commercial retail, industrial, mixed-use, and residential properties across Canada. The company's portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick. Choice Properties generates the majority of its revenue from leasing properties to its tenants. The company's principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.
- Sector
- Real Estate
- Industry
- REIT - Retail
- Stock Style Box
- Mid Value
- Total Number of Employees
- 280
- Website
- https://www.choicereit.ca
Comparables
Valuation
|
Metric
|
PPRQF
|
REI.UN
|
IIP.UN
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.02 | 10.22 | 19.27 |
Price/Book Value | 0.95 | 0.71 | 0.68 |
Price/Sales | 6.85 | 4.64 | 7.20 |
Price/Cash Flow | 13.14 | 11.40 | 18.52 |
Price/Earnings
PPRQF
REI.UN
IIP.UN
Financial Strength
|
Metric
|
PPRQF
|
REI.UN
|
IIP.UN
|
|---|---|---|---|
Quick Ratio | 0.35 | 0.09 | 0.01 |
Current Ratio | 0.35 | 0.29 | 0.03 |
Interest Coverage | 2.11 | 1.10 | 2.52 |
Quick Ratio
PPRQF
REI.UN
IIP.UN
Profitability
|
Metric
|
PPRQF
|
REI.UN
|
IIP.UN
|
|---|---|---|---|
Return on Assets (Normalized) | 3.19% | 0.38% | 1.82% |
Return on Equity (Normalized) | 12.62% | 0.74% | 3.12% |
Return on Invested Capital (Normalized) | 9.70% | 1.19% | 2.92% |
Return on Assets
PPRQF
REI.UN
IIP.UN
REIT - Retail Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
SPG
| Simon Property Group Inc | Yfdlclclp | Yjbgc | $48.2 Bil | |
O
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KIM
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UNIRF
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UNBLF
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LKREF
| Link Real Estate Investment Trust | — | Vcky | $11.4 Bil | |
REG
| Regency Centers Corp | Wyqjzrzw | Jst | $11.0 Bil | |
STGPF
| Scentre Group | — | Dmvq | $10.8 Bil | |
FRT
| Federal Realty Investment Trust | Pvlklbhtck | Tvvg | $8.4 Bil | |
MAC
| Macerich Co | Xnnzxgk | Nnltc | $3.3 Bil |