CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST Financials Choice Properties Real Estate Investment Trust
Equities
CHP.UN
CA17039A1066
Commercial REITs
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.09 CAD | +0.23% |
|
+0.69% | -6.16% |
| Apr. 25 | Transcript : Choice Properties Real Estate Investment Trust - Shareholder/Analyst Call | |
| Apr. 25 | Transcript : Choice Properties Real Estate Investment Trust, Q1 2024 Earnings Call, Apr 25, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,316 | 4,254 | 4,975 | 4,838 | 4,574 | 4,292 | - | - |
| Enterprise Value (EV) 1 | 4,316 | 10,532 | 11,121 | 11,067 | 11,017 | 4,292 | 4,292 | 4,292 |
| P/E ratio | - | - | - | - | - | - | - | - |
| Yield | 5.32% | 5.69% | 4.87% | 5.01% | 5.37% | 5.78% | 5.82% | - |
| Capitalization / Revenue | 3.35 x | 3.35 x | 3.68 x | 3.61 x | 3.28 x | 2.96 x | 2.83 x | 2.78 x |
| EV / Revenue | 3.35 x | 3.35 x | 3.68 x | 3.61 x | 3.28 x | 2.96 x | 2.83 x | 2.78 x |
| EV / EBITDA | 4.9 x | 4.71 x | 5.44 x | 5.34 x | 4.61 x | 4.23 x | 4.07 x | 3.98 x |
| EV / FCF | 12.5 x | 13.6 x | 10.7 x | 17.9 x | 25.1 x | -20.8 x | 238 x | - |
| FCF Yield | 7.98% | 7.34% | 9.34% | 5.6% | 3.98% | -4.8% | 0.42% | - |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 310,286 | 326,942 | 327,516 | 327,758 | 327,860 | 327,860 | - | - |
| Reference price 2 | 13.91 | 13.01 | 15.19 | 14.76 | 13.95 | 13.09 | 13.09 | 13.09 |
| Announcement Date | 2/12/20 | 2/10/21 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,289 | 1,271 | 1,354 | 1,340 | 1,392 | 1,451 | 1,518 | 1,542 |
| EBITDA 1 | 881.1 | 902.8 | 914.8 | 905.1 | 991.7 | 1,014 | 1,054 | 1,079 |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 344.5 | 312 | 464.5 | 270.8 | 182.2 | -206 | 18 | - |
| FCF margin | 26.74% | 24.56% | 34.31% | 20.22% | 13.09% | -14.2% | 1.19% | - |
| FCF Conversion (EBITDA) | 39.1% | 34.56% | 50.77% | 29.92% | 18.38% | - | 1.71% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.7400 | 0.7400 | 0.7400 | 0.7400 | 0.7490 | 0.7567 | 0.7620 | - |
| Announcement Date | 2/12/20 | 2/10/21 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | - | - | - | - | - | 361.9 | 365.6 | 370.6 |
| EBITDA 1 | 230.8 | 218.7 | 212.4 | 216 | 227.1 | 223.8 | 236.7 | 217 | 249.5 | 235 | 253.4 | 254.2 | 256.6 |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 0.1900 | 0.1900 | 0.1900 |
| Announcement Date | 2/16/22 | 4/27/22 | 7/21/22 | 11/9/22 | 2/15/23 | 4/24/23 | 7/20/23 | 11/8/23 | 2/14/24 | 4/24/24 | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | 6,278 | 6,146 | 6,229 | 6,443 | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 6.954 x | 6.718 x | 6.882 x | 6.498 x | - | - | - |
| Free Cash Flow 1 | 345 | 312 | 464 | 271 | 182 | -206 | 18 | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/12/20 | 2/10/21 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1CAD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
13.09
CAD
Average target price
14.69
CAD
Spread / Average Target
+12.20%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.16% | 3.14B | |
| -6.46% | 46.25B | |
| -8.31% | 20.33B | |
| -3.56% | 13.07B | |
| +16.05% | 11.53B | |
| -4.85% | 9.68B | |
| -0.83% | 8.48B | |
| -14.19% | 8.38B | |
| +1.38% | 7.63B | |
| -18.42% | 5.53B |
- Stock Market
- Equities
- CHP.UN Stock
- Financials Choice Properties Real Estate Investment Trust
