Choice Properties Real Estate Investment Trust Investor Relations
Choice Properties Real Estate Investment Trust, or Choice Properties REIT, is one of the largest diversified real estate investment trusts in Canada. It owns, manages and develops a portfolio of commercial, industrial, and residential properties across the country. As of December 31, 2020, Choice Properties REIT had a portfolio of 724 properties, totaling approximately 65.8 million square feet of gross leasable area.
The Company's History
Choice Properties REIT was established on August 23, 2013, as a result of a strategic alliance between Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. Loblaw is Canada's largest food retailer and a leading provider of drugstore, general merchandise, and financial products and services. Choice Properties REIT was created to own and manage the real estate assets previously held by Loblaw.
Choice Properties REIT's Operations
Choice Properties REIT's properties are located in all provinces and territories across Canada. The company's portfolio includes retail properties, industrial properties, office properties, and residential properties. Some of the company's major tenants include Loblaw, Shoppers Drug Mart, CIBC, and FedEx.
Choice Properties REIT's Financial Performance
Choice Properties REIT has a strong financial performance. In 2020, the company reported revenue of $1.2 billion and net income of $511 million. The company's funds from operations (FFO) were $0.44 per unit, an increase of 4.8% compared to the previous year. Choice Properties REIT's net asset value (NAV) per unit was $12.89 as of December 31, 2020, an increase of 2.5% compared to the previous year.
Choice Properties REIT's Investor Relations
Choice Properties REIT is committed to providing its investors with timely and accurate information about the company's operations and financial performance. The company has a dedicated investor relations team that is available to answer questions and provide information to investors. The company's website also provides a wealth of information for investors, including financial reports, news releases, and information about upcoming events and presentations.
Conclusion
Choice Properties Real Estate Investment Trust is a leading real estate investment trust in Canada with a strong financial performance and a diverse portfolio of properties across the country. The company is committed to providing its investors with timely and accurate information about its operations and financial performance through its investor relations team and its website. For investors looking for a stable and reliable investment in the Canadian real estate market, Choice Properties REIT is a strong choice.