CA - Choice Properties Real Estate Investment Trust GAAP EPS of $0.37 revenue of $324.66M

2023-04-25 02:32:57 ET

• Choice Properties Real Estate Investment Trust press release ( OTC:PPRQF ): Q1 GAAP EPS of $0.37.
• FFO per unit diluted was $0.244.
• Period end occupancy of 97.7%.
• Same-Asset NOI on a cash basis increased by 4.6% from Q1 2022.
• Revenue of $324.66M (-1.0% Y/Y).

• In 2023, Choice Properties will continue to focus on its core business of essential retail and industrial, our growing residential platform and our robust development pipeline, and is targeting:

• Stable occupancy across the portfolio, resulting in 2-3% year-over-year growth in Same-Asset NOI, Cash Basis;
• Annual FFO per Unit Diluted in a range of $0.98 to $0.99, reflecting 2-3% year over year growth; and
• Stable leverage metrics, targeting Adjusted Debt to EBITDAFV of approximately 7.5x.

For further details see: