Choice Properties REIT (TSE:CHP) to Post FY2021 Earnings of $0.96 Per Share, Desjardins Forecasts

Choice Properties REIT (TSE:CHP) – Equities research analysts at Desjardins decreased their FY2021 earnings estimates for shares of Choice Properties REIT in a research note issued on Sunday, May 2nd. Desjardins analyst M. Markidis now forecasts that the company will post earnings of $0.96 per share for the year, down from their previous estimate of $0.97. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Choice Properties REIT’s Q4 2021 earnings at $0.24 EPS.

Choice Properties REIT has a fifty-two week low of C$11.59 and a fifty-two week high of C$14.26.

Choice Properties REIT (TSE:CHP) last posted its earnings results on Wednesday, February 10th. The company reported C$0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.24 by C($0.08). The firm had revenue of C$321.86 million during the quarter.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 17th. Stockholders of record on Friday, April 30th will be given a dividend of $0.062 per share. The ex-dividend date of this dividend is Thursday, April 29th. This represents a $0.74 annualized dividend and a dividend yield of ∞.

Choice Properties REIT Company Profile

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.

Further Reading: Dividend Reinvestment Plan (DRIP)

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