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TORONTO, May 17, 2016 /CNW/ – Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a distribution for the month of May, 2016 of $0.055833 per trust unit, representing $0.67 per unit on an annualized basis, payable June 15, 2016 to Unitholders of record on May 31, 2016.
About Choice Properties Real Estate Investment Trust
Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located retail and commercial real estate across Canada. Choice Properties’ portfolio spans approximately 42.3 million square feet of gross leasable area and consists of 529 properties primarily focused on supermarket- and drug store-anchored shopping centres and stand-alone supermarkets and drug stores. Choice Properties’ strategy is to create value by enhancing and optimizing its portfolio through development, accretive acquisitions and active property management. Choice Properties’ principal tenant and largest Unitholder is Loblaw Companies Limited, Canada’s largest retailer. Choice Properties’ strong alliance with Loblaw positions it well for future growth. For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.
SOURCE Choice Properties Real Estate Investment Trust