SRU-UN.TO vs. CHP-UN.TO

Last updated Apr 2, 2026

Compare and contrast key facts about SmartCentres Real Estate Investment Trust (SRU-UN.TO) and Choice Properties Real Estate Investment Trust (CHP-UN.TO).

Performance

SRU-UN.TO vs. CHP-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in SmartCentres Real Estate Investment Trust (SRU-UN.TO) and Choice Properties Real Estate Investment Trust (CHP-UN.TO). The values are adjusted to include any dividend payments, if applicable.

SRU-UN.TO vs. CHP-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRU-UN.TO SmartCentres Real Estate Investment Trust	6.74%	13.10%	6.13%	0.16%	-11.27%	48.64%	-19.65%	6.97%	5.77%	1.14%
CHP-UN.TO Choice Properties Real Estate Investment Trust	6.93%	17.01%	1.12%	-0.12%	2.41%	23.04%	-1.63%	27.47%	-8.19%	4.58%

Fundamentals

Market Cap SRU-UN.TO : CA$4.92B CHP-UN.TO : CA$11.32B
EPS SRU-UN.TO : CA$1.44 CHP-UN.TO : -CA$0.08
PS Ratio SRU-UN.TO : 5.08 CHP-UN.TO : 7.99
PB Ratio SRU-UN.TO : 0.94 CHP-UN.TO : 2.47
Total Revenue (TTM) SRU-UN.TO : CA$927.28M CHP-UN.TO : CA$1.42B
Gross Profit (TTM) SRU-UN.TO : CA$564.58M CHP-UN.TO : CA$1.02B
EBITDA (TTM) SRU-UN.TO : CA$486.20M CHP-UN.TO : CA$425.05M

Returns By Period

The year-to-date returns for both investments are quite close, with SRU-UN.TO having a 6.74% return and CHP-UN.TO slightly higher at 6.93%. Over the past 10 years, SRU-UN.TO has underperformed CHP-UN.TO with an annualized return of 4.40%, while CHP-UN.TO has yielded a comparatively higher 7.94% annualized return.

SRU-UN.TO

• 1D: 1.43%
• 1M: -1.78%
• YTD: 6.74%
• 6M: 4.42%
• 1Y: 13.69%
• 3Y*: 8.34%
• 5Y*: 7.30%
• 10Y*: 4.40%

CHP-UN.TO

• 1D: 1.82%
• 1M: -0.59%
• YTD: 6.93%
• 6M: 8.98%
• 1Y: 16.48%
• 3Y*: 8.24%
• 5Y*: 8.40%
• 10Y*: 7.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SRU-UN.TO vs. CHP-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SRU-UN.TO

SRU-UN.TO Risk / Return Rank: 74
SRU-UN.TO Sharpe Ratio Rank: 75
SRU-UN.TO Sortino Ratio Rank: 68
SRU-UN.TO Omega Ratio Rank: 64
SRU-UN.TO Calmar Ratio Rank: 79
SRU-UN.TO Martin Ratio Rank: 80

CHP-UN.TO

CHP-UN.TO Risk / Return Rank: 76
CHP-UN.TO Sharpe Ratio Rank: 76
CHP-UN.TO Sortino Ratio Rank: 71
CHP-UN.TO Omega Ratio Rank: 65
CHP-UN.TO Calmar Ratio Rank: 84
CHP-UN.TO Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SRU-UN.TO vs. CHP-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartCentres Real Estate Investment Trust (SRU-UN.TO) and Choice Properties Real Estate Investment Trust (CHP-UN.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SRU-UN.TO	CHP-UN.TO	Difference
Sharpe ratio Return per unit of total volatility	1.07	1.10	-0.03
Sortino ratio Return per unit of downside risk	1.55	1.68	-0.13
Omega ratio Gain probability vs. loss probability	1.19	1.19	0.00
Calmar ratio Return relative to maximum drawdown	2.29	2.93	-0.64
Martin ratio Return relative to average drawdown	6.20	7.07	-0.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRU-UN.TO vs. CHP-UN.TO - Sharpe Ratio Comparison

The current SRU-UN.TO Sharpe Ratio is 1.07, which is comparable to the CHP-UN.TO Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of SRU-UN.TO and CHP-UN.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SRU-UN.TO	CHP-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.10	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.51	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.45	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.57	-0.22

Correlation

The correlation between SRU-UN.TO and CHP-UN.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SRU-UN.TO vs. CHP-UN.TO - Dividend Comparison

SRU-UN.TO's dividend yield for the trailing twelve months is around 6.84%, more than CHP-UN.TO's 4.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SRU-UN.TO SmartCentres Real Estate Investment Trust	6.84%	7.18%	7.56%	7.42%	6.90%	5.74%	8.01%	5.81%	5.72%	5.55%	5.17%	5.34%
CHP-UN.TO Choice Properties Real Estate Investment Trust	4.92%	5.17%	5.66%	5.41%	5.04%	4.90%	5.75%	5.35%	6.46%	5.48%	5.12%	5.49%

Drawdowns

SRU-UN.TO vs. CHP-UN.TO - Drawdown Comparison

The maximum SRU-UN.TO drawdown since its inception was -68.25%, which is greater than CHP-UN.TO's maximum drawdown of -28.85%. Use the drawdown chart below to compare losses from any high point for SRU-UN.TO and CHP-UN.TO.

Drawdown Indicators

	SRU-UN.TO	CHP-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-68.25%	-28.85%	-39.40%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-6.17%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-28.89%	-21.32%	-7.57%
Max Drawdown (10Y) Largest decline over 10 years	-54.78%	-28.85%	-25.93%
Current Drawdown Current decline from peak	-2.71%	-1.13%	-1.58%
Average Drawdown Average peak-to-trough decline	-11.06%	-5.41%	-5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.55%	-0.19%

Volatility

SRU-UN.TO vs. CHP-UN.TO - Volatility Comparison

The current volatility for SmartCentres Real Estate Investment Trust (SRU-UN.TO) is 3.81%, while Choice Properties Real Estate Investment Trust (CHP-UN.TO) has a volatility of 4.90%. This indicates that SRU-UN.TO experiences smaller price fluctuations and is considered to be less risky than CHP-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRU-UN.TO	CHP-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.90%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	8.51%	9.97%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	15.07%	-2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	16.48%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	17.77%	+3.80%

Financials

SRU-UN.TO vs. CHP-UN.TO - Profitability Comparison

The chart below illustrates the profitability comparison between SmartCentres Real Estate Investment Trust and Choice Properties Real Estate Investment Trust over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SRU-UN.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SmartCentres Real Estate Investment Trust reported a gross profit of 145.12M and revenue of 247.54M. Therefore, the gross margin over that period was 58.6%.

CHP-UN.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Choice Properties Real Estate Investment Trust reported a gross profit of 254.54M and revenue of 355.66M. Therefore, the gross margin over that period was 71.6%.

SRU-UN.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SmartCentres Real Estate Investment Trust reported an operating income of 131.22M and revenue of 247.54M, resulting in an operating margin of 53.0%.

CHP-UN.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Choice Properties Real Estate Investment Trust reported an operating income of 105.68M and revenue of 355.66M, resulting in an operating margin of 29.7%.

SRU-UN.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SmartCentres Real Estate Investment Trust reported a net income of 105.50M and revenue of 247.54M, resulting in a net margin of 42.6%.

CHP-UN.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Choice Properties Real Estate Investment Trust reported a net income of -53.36M and revenue of 355.66M, resulting in a net margin of -15.0%.