PPRQF - Choice Properties: Grab A 5.9% Yield Secured By Grocery-Focused Anchor Tenants

Introduction

Choice Properties (OTC:PPRQF) is an interesting Canadian commercial REIT benefiting from its very strong ties with the Loblaw group (where it was spun out off a few years ago). As most of its tenants operate essential stores, the Q2 rent collection rate was pretty high at 89% and this increased further to 94% in July. The REIT offers a monthly dividend and the current dividend yield based on a unit price of C$12.50 is approximately 5.9%.

I would strongly recommend to trade in Choice’s units through the facilities of