Choice Properties FY25 Q3 FFO per unit climbs 7.8% to $0.278

PUBT
2026.04.14 22:01
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Choice Properties reported a net income of $242.6 million for Q3 FY25, a turnaround from a net loss last year, driven by a favorable fair value adjustment. FFO per unit increased by 7.8% to $0.278, with same-asset NOI rising 2.8%. Occupancy rates improved slightly to 98%. The company transferred $34.3 million in development projects to income-producing status, adding approximately 107,000 square feet of new commercial GLA. Additionally, it issued $500 million in senior unsecured debentures, resulting in an adjusted debt to EBITDAFV ratio of 7.1x.