Choice Properties Real Estate Investment Trust (CHP-UN) - Net Assets
Based on the latest financial reports, Choice Properties Real Estate Investment Trust (CHP-UN) has net assets worth CA$10.52 Billion CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$17.96 Billion) and total liabilities (CA$7.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$10.52 Billion |
| % of Total Assets | 58.55% |
| Annual Growth Rate | 16.99% |
| 5-Year Change | 39.1% |
| 10-Year Change | 481.18% |
| Growth Volatility | 80.17 |
Choice Properties Real Estate Investment Trust - Net Assets Trend (2013–2024)
This chart illustrates how Choice Properties Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Choice Properties Real Estate Investment Trust (2013–2024)
The table below shows the annual net assets of Choice Properties Real Estate Investment Trust from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.90 Billion | +12.16% |
| 2023-12-31 | CA$4.37 Billion | +14.23% |
| 2022-12-31 | CA$3.82 Billion | +15.53% |
| 2021-12-31 | CA$3.31 Billion | -6.03% |
| 2020-12-31 | CA$3.52 Billion | +13.70% |
| 2019-12-31 | CA$3.10 Billion | -11.48% |
| 2018-12-31 | CA$3.50 Billion | +273.54% |
| 2017-12-31 | CA$936.98 Million | +62.35% |
| 2016-12-31 | CA$577.14 Million | -31.54% |
| 2015-12-31 | CA$843.07 Million | -18.81% |
| 2014-12-31 | CA$1.04 Billion | +19.13% |
| 2013-12-31 | CA$871.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Choice Properties Real Estate Investment Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4606.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$3.16 Billion | 64.49% |
| Common Stock | CA$3.66 Billion | 74.69% |
| Other Comprehensive Income | CA$3.59 Million | 0.07% |
| Total Equity | CA$4.90 Billion | 100.00% |
Choice Properties Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Choice Properties Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Delhivery Limited
NSE:DELHIVERY
|
$3.75 Billion |
|
Capricorn Metals Ltd
AU:CMM
|
$3.75 Billion |
|
LS Electric
KO:010120
|
$3.75 Billion |
|
TransAlta Corp
NYSE:TAC
|
$3.76 Billion |
|
Voronoi Co. Ltd.
KQ:310210
|
$3.74 Billion |
|
Perimeter Solutions SA
NYSE:PRM
|
$3.74 Billion |
|
Shanghai V-Test Semiconductor Tech Co. Ltd. A
SHG:688372
|
$3.74 Billion |
|
Stride Inc
NYSE:LRN
|
$3.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Choice Properties Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,368,502,000 to 4,899,800,000, a change of 531,298,000 (12.2%).
- Net income of 784,437,000 contributed positively to equity growth.
- Dividend payments of 248,369,000 reduced retained earnings.
- Share repurchases of 4,014,000 reduced equity.
- Other comprehensive income decreased equity by 2,964,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$784.44 Million | +16.01% |
| Dividends Paid | CA$248.37 Million | -5.07% |
| Share Repurchases | CA$4.01 Million | -0.08% |
| Other Comprehensive Income | CA$-2.96 Million | -0.06% |
| Other Changes | CA$2.21 Million | +0.05% |
| Total Change | CA$- | 12.16% |
Book Value vs Market Value Analysis
This analysis compares Choice Properties Real Estate Investment Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.33x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.59x to 2.33x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CA$9.93 | CA$15.79 | x |
| 2014-12-31 | CA$11.52 | CA$15.79 | x |
| 2015-12-31 | CA$9.16 | CA$15.79 | x |
| 2016-12-31 | CA$6.14 | CA$15.79 | x |
| 2017-12-31 | CA$9.84 | CA$15.79 | x |
| 2018-12-31 | CA$12.53 | CA$15.79 | x |
| 2019-12-31 | CA$4.48 | CA$15.79 | x |
| 2020-12-31 | CA$4.97 | CA$15.79 | x |
| 2021-12-31 | CA$4.58 | CA$15.79 | x |
| 2022-12-31 | CA$5.29 | CA$15.79 | x |
| 2023-12-31 | CA$6.04 | CA$15.79 | x |
| 2024-12-31 | CA$6.77 | CA$15.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Choice Properties Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.28%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 3.58x
- Recent ROE (16.01%) is above the historical average (6.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.70% | 21.08% | 0.04x | 8.54x | CA$-20.02 Million |
| 2014 | 19.37% | 29.23% | 0.08x | 7.95x | CA$96.54 Million |
| 2015 | -18.59% | -20.90% | 0.08x | 10.66x | CA$-238.81 Million |
| 2016 | -39.18% | -28.47% | 0.08x | 16.57x | CA$-280.01 Million |
| 2017 | 43.57% | 48.73% | 0.08x | 10.69x | CA$311.59 Million |
| 2018 | 18.60% | 56.57% | 0.07x | 4.45x | CA$300.36 Million |
| 2019 | -18.81% | -45.12% | 0.08x | 5.04x | CA$-890.38 Million |
| 2020 | 12.82% | 35.47% | 0.08x | 4.45x | CA$99.21 Million |
| 2021 | 0.70% | 1.78% | 0.08x | 4.89x | CA$-308.01 Million |
| 2022 | 19.46% | 58.85% | 0.08x | 4.40x | CA$361.84 Million |
| 2023 | 18.24% | 55.72% | 0.08x | 3.96x | CA$359.84 Million |
| 2024 | 16.01% | 57.28% | 0.08x | 3.58x | CA$294.46 Million |
Industry Comparison
This section compares Choice Properties Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $1,142,915,916
- Average return on equity (ROE) among peers: 6.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Choice Properties Real Estate Investment Trust (CHP-UN) | CA$10.52 Billion | 7.70% | 0.71x | $3.75 Billion |
| CT Real Estate Investment Trust (CRT-UN) | $2.00 Billion | 15.90% | 1.01x | $1.42 Billion |
| Firm Capital Property Trust (FCD-UN) | $295.92 Million | 19.73% | 0.95x | $173.62 Million |
| First Capital Real Estate Investment Trust (FCR-UN) | $396.68 Million | -3.82% | 1.87x | $3.61 Billion |
| Plaza Retail REIT (PLZ-UN) | $24.34 Million | 0.00% | 8.44x | $357.89 Million |
| Primaris Retail R.E. Invest. Tr. Units (PMZ-UN) | $560.81 Million | 11.67% | 2.51x | $1.63 Billion |
| RioCan Real Estate Investment Trust (REI-UN) | $72.50 Million | -2.34% | 0.80x | $4.56 Billion |
| Slate Grocery REIT (SGR-U) | $623.92 Million | 14.56% | 1.78x | $1.20K |
| SmartCentres Real Estate Investment Trust (SRU-UN) | $5.17 Billion | -2.78% | 1.08x | $3.00 Billion |
About Choice Properties Real Estate Investment Trust
Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive. We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in int… Read more