PPRQF - Choice Properties Offers Stable And Growing Income
Choice Properties (PPRQF) is a Real Estate Investment Trust (REIT for short) that owns, manages and develops retail and commercial real estate across Canada. Choice Properties was spun out by Loblaw (LBLCF) in 2013 and the grocery chain is its biggest tenant today.
The REIT's properties are well located across Canada, majorly in the largest markets. Approximately 57% of the portfolio's base rent is generated from large urban markets, mainly in Toronto, Calgary, Vancouver and Montreal. Small and medium urban markets drive 28% and 15% of the portfolio's base rent, respectively.
Choice Properties manages operations