Choice Properties Real Estate Investment Trust, founded in 2013 and headquartered in Ontario, Canada, is a leading real estate investment trust focused on the ownership, development, and management of retail and mixed-use properties across the country. The company primarily invests in high-quality grocery-anchored retail and suburban shopping centers, aiming to offer attractive yields and stable cash flows for investors.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Choice Properties began issuing bonds shortly after its establishment, with its first issuance occurring in 2014 to fund property acquisitions and developments. Notably, in 2020 the company launched a $300 million offering of senior unsecured debentures that garnered significant investor interest, showcasing strong demand. Currently, its bond yields are competitive within the REIT sector, reflecting the company's ongoing credit strength and stability, enhanced by its robust portfolio of well-positioned assets and long-term lease agreements.