- Choice Properties REIT’s Funds from Operations (FFO) per unit for Q1 is C$0.264.
- This FFO per unit beats the estimate of C$0.25 and is higher than last year’s C$0.259.
- The company reported a net loss of C$96.2 million during this period.
- Analysts had estimated a profit of C$109.6 million for the same period.
- Rental revenue increased by 2.6% year-over-year, totaling C$346.9 million.
- The rental revenue, however, was below the estimated C$365.3 million.
- Analyst recommendations for Choice Properties REIT include 6 buy ratings and 3 hold ratings, with no sell ratings.
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A look at Choice Properties Real Estate Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Choice Properties Real Estate Investment Trust has received positive Smartkarma Smart Scores across various factors affecting its long-term outlook. With high scores in Growth and Dividend, the company shows promising signs of continued expansion and strong distribution of profits to shareholders. Additionally, its Momentum score signifies a favorable trend in the market. Although Value and Resilience scores are slightly lower, the overall outlook for Choice Properties Real Estate appears optimistic.
Choice Properties Real Estate Investment Trust focuses on investing in commercial properties in Canada, aiming to enhance property development and operational efficiency. The combination of solid growth prospects, robust dividend payout, and promising market momentum indicates a positive long-term trajectory for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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