---
title: "Choice Properties FY25 Q3 FFO per unit climbs 7.8% to $0.278"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282750027.md"
description: "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."
datetime: "2026-04-14T22:01:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282750027.md)
  - [en](https://longbridge.com/en/news/282750027.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282750027.md)
---

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

-   Choice Properties posted net income of $242.6 million for the quarter, swinging from a net loss a year earlier due to a favorable fair value adjustment in Exchangeable Units. \* FFO per unit diluted climbed 7.8% to $0.278, while same-asset NOI on a cash basis rose 2.8%. \* Occupancy edged up 0.2 percentage point to 98%, with retail at 97.8% and industrial at 98.3%. \* Development activity transferred $34.3 million of projects to income-producing status, delivering about 107,000 square feet of new commercial GLA. \* Balance sheet actions included issuing $500 million of senior unsecured debentures, with adjusted debt to EBITDAFV at 7.1x. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Choice Properties REIT published the original content used to generate this news brief on April 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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