# Choice Properties Holds 2026 FFO Outlook at $1.08 to $1.10 Per Unit

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/56950
Published: 2026-11-13T18:24:44.000Z
Updated: 2026-11-13T18:24:44.000Z
Section: Business

> The trust forecasts about 7x adjusted debt-to-EBITDA and 2%-3% same-asset cash NOI growth. Leverage could reach about 8.5x after the First Capital acquisition closes.

Choice Properties Real Estate Investment Trust kept its 2026 funds from operations outlook at $1.08 to $1.10 per unit, while forecasting about 7x adjusted debt-to-EBITDA and 2%-3% same-asset cash net operating income (NOI) growth.

The trust’s 2026 outlook also calls for stable occupancy. The FFO range excludes the First Capital acquisition.

Third-quarter same-asset NOI increased 3.1%, and occupancy was 97.8%. After the acquisition closes, adjusted debt-to-EBITDA could reach about 8.5x.

The closing could shift from the fourth quarter to the first quarter. The Competition Bureau review has no exact timeline.