Investment Thesis
Choice Properties REIT (PPRQF) [TSX:CHP.UN] delivered an in line Q2 2019. Looking forward, the company's focus in urban properties should help it to achieve above-average top- and bottom-line growth than its peers. Its top tenants are either grocery store retailers or specialty retailers that are more resilient to the threat of e-commerce. Choice Properties also has a robust development pipeline that should provide a long runway of growth and significantly increase its exposure in higher demand residential properties. The company pays an attractive 5.4%-yielding dividend. However, its shares are trading at