# Choice Properties Real Estate Investment Trust (CHP-UN.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price C$15.40, market value C$11.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Choice Properties Real Estate Investment Trust reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 7.7×**. Each dollar of revenue is priced at 7.7×.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 42.8×**. Enterprise value is 42.8× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 5.6%** (5-yr avg 8.2%). Free cash flow equals 5.6% of the market value, below its five-year average of 8.2%, so the shares are pricier on cash than usual. Above 5% is generally attractive.

## Profitability
- **Gross margin: 71.5%**. Choice Properties Real Estate Investment Trust keeps 71.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 65.4%**. 65.4% of revenue is left after running the business, an exceptional level.
- **Net margin: -4.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -1.3%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 8.3%**. Return on all capital, debt included, is 8.3%.
- **Return on assets: -0.4%**. Each dollar of assets produces -0.4% of profit.

## Growth
- **Revenue growth (1 yr): 3.7%** (3-yr 3.9%/yr, 5-yr 2.2%/yr). Revenue grew 3.7% over the last year, against 2.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -107.8%**. Earnings per share fell 107.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -19.2%/yr**. Free cash flow has compounded at -19.2% a year over three years.

## Financial health
- **Debt to equity: 1.48**. Debt is 1.48 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 16.1×**. It would take 16.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.1×**. Operating profit covers interest 2.1×, thin but manageable.
- **Current ratio: 1.41** (quick 1.41). Current assets cover the next year's liabilities 1.41 times.
- **Altman Z-score: 1.41**. A Z-score of 1.41 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.06%** (C$0.77 per share, trailing). Choice Properties Real Estate Investment Trust yields 5.06%, an income-level yield.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 0.5%/yr** (1-yr 1.3%). The dividend has grown 0.5% a year over five years.

## Price and momentum
- **Total return (1 yr): 7.4%** (YTD 6.6%, 3-mo -2.9%). The shares are up 7.4% over twelve months including dividends.
- **From 52-week high: -8.7%** (7.9% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.37** (volatility 15%). Beta of 0.37 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CHP-UN.TO · Page: https://foliofundamentals.com/stocks/chp-un.to

Not investment advice.