Market dataIncome framework read
REITTSXCanada

CHP-UN.TO

Choice Properties REIT

Real EstateREIT distributionMonthly

Market Snapshot

$16.22

+$0.05 (30.92%)

Toronto

Yield

4.81%

Rate $0.78

Next Payment

Next pay in 22 days

Ex-date 2026-06-30

52wk Position

76.62%

-3.85% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

CHP-UN.TO has an income profile aligned with its reit role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

CHP-UN.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.4.

3

Main watch item

Editorial framework

Tax character and account placement matter

CHP-UN.TO is a REIT-style holding. The headline distribution can mix income, capital gains, and return of capital, so taxable-account reporting and account placement deserve attention.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$6.50
APR
0.401
Coverage
0.401

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$6.50
Cushion
-$9.72
Cushion %
-59.93%
Current $16.22Break $6.50

Smart Recommendation

CHP-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Strong

1mo ago

DRIP availability

Available

1mo ago

Tax character

Distribution / ROC

1mo ago

Distribution history

5–10 yr track

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Stable

1mo ago

Account suitability

RRSP / RRIF optimal

1mo ago

Structure Overview

Choice Properties REIT (CHP.UN) is a large-cap Canadian REIT focused on grocery-anchored retail, industrial, and mixed-use properties. The majority of CHP.UN's retail tenant base is anchored by Loblaw Companies, its majority unitholder, providing exceptional anchor stability compared to diversified retail REITs.

Canadian Planning Notes

  • 1CHP.UN's Loblaw anchor relationship provides a uniquely stable retail base; verify the proportion of Loblaw-affiliated tenants in the most recent annual information form.
  • 2REIT distributions include ROC; RRSP/RRIF placement is generally more tax-efficient than non-registered for Canadian REIT unitholders.
  • 3DRIP is available; the distribution has been remarkably stable owing to the Loblaw relationship.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$16.22

Previous close

$16.17

Day range

$16.11 - $16.33

52wk range

$14.09 - $16.87

Market cap

11.7B

Volume

468.4K

Avg volume

673K

Exchange

Toronto

Dividend and distribution

Forward rate

$0.78

Trailing rate

$0.77

Forward yield

4.81%

Trailing yield

4.76%

Per payment

$0.07

Cadence

Monthly

Next ex-date

Jun 30, 2026

Next pay

Jul 15, 2026

Last dividend

$0.07

Last dividend date

May 29, 2026

Performance

Daily change

$0.05

Daily change %

30.92%

52wk position

76.62%

Below 52wk high

-3.85%

Above 52wk low

15.12%

Open

$16.17

Earnings and financials

Trailing EPS

-0.07

Forward EPS

1.05

Revenue

1.5B

Revenue growth

3.40%

Profit margin

-3.42%

Operating margin

68.42%

Payout ratio

N/A

Free cash flow

285.4M

Total cash

39.3M

ROE

-1.14%

ROA

3.76%

Debt/equity

290.86

Beta

0.78

Valuation

Trailing P/E

N/A

Forward P/E

15.45

Price/sales

7.7

Price/book

1.2

Enterprise value

18.2B

EV/EBITDA

17.24

Analyst facts

Target mean

$16.88

Target high

$17.50

Target low

$16.50

Recommendation mean

N/A

Recommendation key

none

Analysts

8

Canadian Context

Account placement

TFSA

REIT distributions can mix income, capital gains, eligible dividends, and return of capital. Sheltering the holding avoids annual T3 complexity.

RRSP: Also shelters distribution complexity when TFSA room is limited.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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Use a planning tool that matches this holding's structure, payout timing, and income use case.

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.