SBUX - Choice Properties REIT Offers Resilient Monthly Income
Investment Thesis
Choice Properties Real Estate Investment Trust (PPRQF) offers investors stable monthly income derived from a high quality grocery-anchored real estate portfolio. Choice Properties has a high concentration of properties leased to necessity-based retailers that have continued to operate through the COVID-19 pandemic. The company pays a consistent monthly distribution with a current forward yield of over 6%. The company is currently advancing a CAD 1.1B development program with significant opportunities for greenfield and intensification projects. Backed by resilient necessity-based retail properties, Choice Properties is a good option for investors seeking reliable monthly investment