Desjardins Analysts Cut Earnings Estimates for Choice Properties REIT (TSE:CHP)

Choice Properties REIT (TSE:CHP) – Desjardins lowered their FY2025 earnings per share estimates for shares of Choice Properties REIT in a research report issued on Thursday, April 25th. Desjardins analyst L. Kalmar now forecasts that the company will post earnings per share of $1.06 for the year, down from their previous estimate of $1.07.

Choice Properties REIT (TSE:CHP) last posted its quarterly earnings data on Wednesday, February 14th. The company reported C($0.62) earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.87). The firm had revenue of C$329.11 million during the quarter.

Choice Properties REIT Stock Performance

Choice Properties REIT has a 12 month low of C$11.59 and a 12 month high of C$14.26.

Choice Properties REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.063 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.76 annualized dividend and a dividend yield of ∞.

About Choice Properties REIT

Choice Properties Real Estate Investment Trust (the Trust) is an unincorporated, open-ended real estate investment trust. The Trust is the owner, manager and developer of retail and other commercial properties across Canada. Its portfolio comprises over 530 properties with a total gross leasable area (GLA) of approximately 44 million square feet.