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Choice Properties Real Estate Investment Trust (TSE:CHP.UN)
TSX:CHP.UN
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Earnings Data
Report Date
Feb 12, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-C$0.62Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -2.15%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call for Choice Properties Real Estate Investment Trust for Q3 2024 showcased strong operational and financial results, with significant leasing spreads and high occupancy rates. However, there were some challenges noted in the industrial segment with slight vacancies and higher G&A expenses. Despite these challenges, the overall performance was positive, with strong growth in the industrial portfolio and stable retail operations.Company Guidance
In the Q3 2024 earnings call for Choice Properties Real Estate Investment Trust, the executives provided a detailed overview of the company's strong performance across various metrics. They reported high occupancy at 97.7% and achieved leasing spreads of 15.3%, which contributed to a same asset cash net operating income (NOI) growth of 3%. Funds from operations (FFO) grew by 3.2% despite some impacts from lease termination income timing and nonrecurring costs. The company completed $172 million in real estate transactions, including $130 million in acquisitions and $42 million in dispositions, and maintained a robust balance sheet with a debt-to-EBITDA ratio of 7x. Additionally, the company continued to advance its development pipeline with significant projects such as the Choice Caledon Business Park. Looking ahead, Choice Properties remains optimistic about maintaining strong leasing demand, particularly in their retail and industrial portfolios, and plans to leverage their strategic relationship with Loblaw for future growth.Strong Leasing Performance
Achieved strong leasing spreads of 15.3% and delivered same asset cash NOI growth of 3%.
High Occupancy Rates
Occupancy remained high at 97.7%.
Significant Real Estate Transactions
Completed $172 million in total real estate transactions, including approximately $130 million of acquisitions and $42 million of dispositions.
Industrial Portfolio Growth
Industrial same asset cash NOI increased by approximately 11.7%.
Retail Portfolio Stability
Retail same-asset cash NOI increased by $2.1 million or 1.2%.
Positive Financial Performance
Reported FFO of $186.7 million or $0.258 per unit, reflecting an increase of approximately 3.2% from the third quarter of 2023.
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Choice Properties Real Estate Investment (TSE:CHP.UN) Earnings, Revenues Date & History
TSE:CHP.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CHP.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$13.79 | C$14.00 | +1.52% |
| Jul 18, 2024 | C$13.50 | C$13.55 | +0.36% |
| Apr 24, 2024 | C$12.48 | C$12.59 | +0.85% |
| Feb 14, 2024 | C$13.02 | C$13.09 | +0.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Choice Properties Real Estate Investment Trust (TSE:CHP.UN) report earnings?
Choice Properties Real Estate Investment Trust (TSE:CHP.UN) is schdueled to report earning on Feb 12, 2025, After Close Not Confirmed.
What is Choice Properties Real Estate Investment Trust (TSE:CHP.UN) earnings time?
Choice Properties Real Estate Investment Trust (TSE:CHP.UN) earnings time is at Feb 12, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CHP.UN EPS forecast?
Currently, no data Available
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