Choice Properties Real Estate Investment Trust · TSX:CHP.UN
Choice Properties Real Estate Investment Trust — Q2 2026 Earnings Presentation
17 slides from Choice Properties Real Estate Investment Trust's earnings presentation, Jul 23, 2026
Slide 1: Q2 2026 Conference Call
Q2 2026 Conference Call July 23, 2026 10:00 AM ET 1 301 Moore Ave., Toronto, ON
Slide 2: Forward-Looking Statements
Forward -Looking Statement s Certain statements contained in this document constitute forward - looking information within the meaning of securities laws. Forw ard - looking information may relate to Choice Properties REIT’s (“Choice Properties” or the “Trust”) future outlook and anticipated events
Slide 3: Business & Operations Update
Business & Operations Update Rael Diamond President & Chief Executive Officer 3 650 Portland St., Dartmouth, NS
Slide 4: Quarterly Highlights
Quarterly Highlights Delivering results that reflect the strength of our portfolio and disciplined execution of our strategy Occupancy Leasing Spreads SA -NOI Growth 97.7% (-40 bps QoQ) 19.0% 2.8% Supported by healthy leasing activity in our Robust leasing spreads in our Atlantic Strong same -asset
Slide 5: Portfolio Statistics
Portfolio Statistics Choice Properties delivered another quarter of robust leasing spreads and healthy leasing activity Average Renewal Spread Occupancy 19.0% 97.7% Supported by strong lease Supported by renewal & new renewals in our Atlantic and leasing in our Ontario, Atlantic, Ontario portfolios
Slide 6: Retail Portfolio
Retail Portfolio Necessity -based, grocery anchored assets 44.6M SF 563 PROPERTIES Renewal Spreads Occupancy 12.4% 97.4% Renewals New Leasing 643K SF 83K SF Retention Ratio 2027 Loblaw Renewals 66.1% 3.6M SF 6 2925 Rue Rachel E., Montreal , QC
Slide 7: Industrial Portfolio
Industrial Portfolio Flexible high -quality and well -located primarily distribution assets 22.2M SF 124 PROPERTIES Renewal Spreads Occupancy 40.2% 98.6% Renewals New Leasing 353K SF 91K SF Retention Ratio 80.6% 7 Choice Eastway Industrial Centre, East Gwillimbury, ON
Slide 8: Mixed Use and Residential Portfolio
Mixed Use and Residential Portfolio Transit -oriented mixed -use and residential assets 1.8MSF (1) 923 Units 94.3% Occupancy (2) Liberty House, 39 East Liberty Street, Toronto, ON (1) 1.8M SF of GLA includes 0.7M SF associated with Choice Properties’ 923 residential units (2) Occupancy represents re
Slide 9: Investment Activity & Update
Investment Activity & Update Continually improving the quality of our portfolio through capital recycling 2026 Acquisitions Q2 Acquisitions $35M During the quarter, we acquired a retail site in Waterloo directly adjacent to an existing necessity -based CHP retail property, with the land assembly pro
Slide 10: Financial & Capital Update
Financial & Capital Update Erin Johnston Chief Financial Officer 10 1048 Midland Ave., Kingston, ON
Slide 11: Growing Cash Flows
Growing Cash Flows Portfolio continues to deliver stable and growing cash flows $193M $0.267 0.8% Total FFO FFO / Unit FFO / Unit YoY Maple Ridge Square, 22441 Dewdney Trunk, Maple Ridge, BC Q2 2026 (1) SA -NOI YoY % Retail $193.9M +1.9% Industrial $52.8M +5.8% Mixed Use & Residential $8.7M +4.1% To
Slide 12: NAV Appreciation
NAV Appreciation Consistent NAV growth over time $14.73 $145M 1.4% Per Unit QoQ QoQ 2.4% YoY $14.73 $14.53 $14.53 $14.43 $14.38 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 12 Creekside Shopping Centre, Calgary, AB
Slide 13: Industry-Leading Balance Sheet
Industry - Leading Balance Sheet Began the year in a solid financial position with healthy debt metrics and ample liquidity 7.0x Adjusted Debt / EBITDA FV 40.4% Debt to Total Assets $2.0B Unused Portion of Revolving Credit Facility & Cash $14.1B Unencumbered Assets BBB (High) / BBB+ Trend: Positive
Slide 14: Development Update
Development Update 66K SF of GLA at share was delivered and transferred to IPP in Q2 at a 27.2% average yield Retail Intensifications 66K SF delivered 2 Deliveries ~27.2% average yield $3.0 million of FV transferred to IPP Q2 Delivery In Progress - 550 Kenaston Blvd., Winnipeg, MB Industrial Progres
Slide 15: 2026 Guidance
2026 Guidance Target Outlook (1) Occupancy Stable SA -NOI growth +2% - 3% FFO / unit $1.08 - $1.10 Adjusted Debt / < 7.5x EBITDA FV (1) Excluding the impact of the First Capital REIT portfolio acquisition 15 100 Country Village Road NE, Calgary, AB
Slide 16: Q&A Session
Q&A Session 16 2332 -160th St., Surrey, BC
Slide 17: Thank You!
Thank You! 17 16900 Rte Trans -Canada, Kirkland, QC
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