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Hold	1
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Choice Properties to buy ~CAD5bn of First Capital retail assets - Q1 occupancy 98.1% and same-asset NOI +3%

Choice Properties and partner KingSett agreed to acquire First Capital for about CAD 9.4 billion, with Choice expected to take roughly CAD 5 billion of First Capital’s retail assets. Q1 portfolio occupancy was 98.1% (retail 97.9%, industrial 98.6%), leasing spreads averaged 21.8% and drove same‑asset cash NOI growth of 3%. Q1 FFO was CAD 196 million (CAD 0.271/unit, +2.7% YoY) and IFRS NAV rose to CAD 14.53/unit; excluding the First Capital deal Choice reiterated 2026 guidance of 2–3% same‑asset cash NOI growth and diluted FFO/unit of CAD 1.08–1.10. Management flagged limited acquisition activity outside the transaction and highlighted retail value‑creation projects and strong liquidity with CAD 1.6 billion available. » More on finance.yahoo.com

Historical dividends Dividends

All dividend metrics All metrics

In 2026, CHOICE PROPERTIES REIT has already paid €0.40 in dividends. The last payout was in October.

Financials

In the last quarter, CHOICE PROPERTIES REIT had revenue of €223.74m and net profit of -€108.82m

(EUR)	June 2026	YoY
Revenue	223.74m	2.29%
Gross profit	158.04m	0.75%
Net profit	-108.82m	13.14%
EBITDA	-62.93m	1,541.04%

Fundamentals

Metric	Value
Market capitalization	€3.08bn
Number of shares	328.02m
52-week high/low	€10.51 - €9.10
Dividend yield	5.08%
Dividends TTM	€0.48
Next dividend	€0.0414
Beta	0.78
P/E ratio	-157.31
PEG ratio	1.17
P/B ratio	2.55
P/S ratio	3.35

Company profile

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high-quality portfolio comprising 725 properties totaling 66.1 million square feet of gross leasable area. Choice Properties owns a portfolio comprised of retail properties predominantly leased to necessity-based tenants; industrial, office and residential assets concentrated in attractive markets; and offers an impressive and substantial development pipeline. Choice Properties' strategic alliance with its principal tenant, Loblaw Companies Limited, the country's leading retailer, is a key competitive advantage providing long-term growth opportunities.