Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Sets New 12-Month High – Here’s What Happened

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$15.82 and last traded at C$15.67, with a volume of 53013 shares trading hands. The stock had previously closed at C$15.70.

Choice Properties Real Est Invstmnt Trst Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The company has a market cap of C$11.20 billion, a P/E ratio of 14.28 and a beta of 0.72. The business’s 50 day simple moving average is C$15.00 and its 200 day simple moving average is C$14.80.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last posted its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.34 earnings per share for the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%. The business had revenue of C$363.22 million during the quarter.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company’s principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.