CHOICE PROPERTIES REIT CHP.UN

November 07, 2018 - 9:53am EST by

member

						2018	2019
Price:		12.07		EPS		0	0
Shares Out. (in M):		667		P/E		0	0
Market Cap (in $M):		8,100		P/FCF		0	0
Net Debt (in $M):		6,300		EBIT		0	0
TEV (in $M):		14,400		TEV/EBIT		0	0

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#	AUTHOR DATE SUBJECT
6	member 3/22/19 1:29PM Re: WN CN? 5
Thanks. Yeah, it's nice to see CHP finally breakout from the Retail REIT sector. As discussed, the real estate underlying CHP is far superior to the comp group with much better and higher uses. Also, it's nice to... login to read the rest view available tags
4	member 11/16/18 5:10PM Re: Redevelopment opportunity 3
Sure. For illustrative purposes, let's use the two major properties that currently have a development proposal in place. From these two properties alone, you can see ~$700 million in value. Property #1 - 2280-2290 Dundas St. West Development... login to read the rest 1 view available tags
2	member 11/07/18 5:24PM Re: Relative Valuation 1
I have not looked at in detail the US retail REITs you mentioned so I can not comment directly on their redevelopment opportunities. Real estate is a local business and I unfortunately do not have... login to read the rest 3 view available tags
1	member 11/07/18 3:51PM Relative Valuation
There are plenty of quality retail REITs with major redev opportunities trading wide of a 6-cap. I see PEI at a 9-cap; SITC at an 8-cap; VER & KIM in the mid-7%s. Even MAC & 1 view available tags

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