Choice Properties Real Estate Investment Trust (TSX:CHP.UN) Debt-to-Equity : 1.46 (As of Mar. 2024)

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What is Choice Properties Real Estate Investment Trust Debt-to-Equity?

Choice Properties Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1,042 Mil. Choice Properties Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$5,446 Mil. Choice Properties Real Estate Investment Trust's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$4,450 Mil. Choice Properties Real Estate Investment Trust's debt to equity for the quarter that ended in Mar. 2024 was 1.46.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Choice Properties Real Estate Investment Trust's Debt-to-Equity or its related term are showing as below:

TSX:CHP.UN' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.38 Med: 2.22 Max: 33.42
Current: 1.46

During the past 11 years, the highest Debt-to-Equity Ratio of Choice Properties Real Estate Investment Trust was 33.42. The lowest was 1.38. And the median was 2.22.

TSX:CHP.UN's Debt-to-Equity is ranked worse than
82.17% of 673 companies
in the REITs industry
Industry Median: 0.78 vs TSX:CHP.UN: 1.46

Choice Properties Real Estate Investment Trust Debt-to-Equity Historical Data

The historical data trend for Choice Properties Real Estate Investment Trust's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Choice Properties Real Estate Investment Trust Debt-to-Equity Chart

Choice Properties Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.12

1.85

1.88

1.71

1.53

Choice Properties Real Estate Investment Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.66	1.48	1.38	1.53	1.46

Competitive Comparison of Choice Properties Real Estate Investment Trust's Debt-to-Equity

For the REIT - Retail subindustry, Choice Properties Real Estate Investment Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Choice Properties Real Estate Investment Trust's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Choice Properties Real Estate Investment Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Choice Properties Real Estate Investment Trust's Debt-to-Equity falls into.

Choice Properties Real Estate Investment Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Choice Properties Real Estate Investment Trust's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(964.496	+	5731.427)	/	4368.502
	=	1.53

Choice Properties Real Estate Investment Trust's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1042.175	+	5446.094)	/	4450.174
	=	1.46

Choice Properties Real Estate Investment Trust (TSX:CHP.UN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Choice Properties Real Estate Investment Trust Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Choice Properties Real Estate Investment Trust's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Choice Properties Real Estate Investment Trust (TSX:CHP.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Choice Properties Real Estate Investment Trust (TSX:CHP.UN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PPRQF:USA 6HC:Germany

Address

22 St. Clair Avenue East, Suite 700, Toronto, ON, CAN, M4T 2S5

Website

https://www.choicereit.ca

Choice Properties Real Estate Investment Trust invests in commercial retail, industrial, mixed-use and residential properties across Canada. The company's portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company's principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.

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