Earnings OutlookRaising target price on strong second half outlook.
Financial PerformanceChoice Properties REIT reported solid results, slightly ahead of expectations as operating performance has been solid, in spite of an increase in vacancy in the industrial portfolio.
Leasing ActivityHealthy leasing activity indicates strong demand for retail space, with leases renewed totalling 1.5 million sf and new leases signed for 574,000 sf, resulting in net absorption of 118,000 sf and occupancy improved to 97.8%.