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PPRQF's Earnings Yield (Joel Greenblatt) % is ranked worse than 55.79% of 968
companies
in the REITs industry
Industry Median: 3.425
vs PPRQF: 2.99
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Choice Properties Real Estate Investment Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 1.47%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PPRQF vs SPG, O, KIM: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Choice Properties Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Choice Properties Real Estate Investment Trust Earnings Yield (Joel Greenblatt) % vs REITs Industry
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Choice Properties Real Estate Investment Trust's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $396 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 3.05% mean?
Choice Properties Real Estate Investment Trust (PPRQF) has a Earnings Yield (Joel Greenblatt) % of 3.05% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Choice Properties Real Estate Investment Trust and its competitors. This is 51% below median its historical median of 6.24. According to the industry distribution chart, Choice Properties Real Estate Investment Trust ranks #540 out of 968 companies in the REITs industry, placing it in the top 55.8%.
Is Choice Properties Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % too high?
Choice Properties Real Estate Investment Trust's current Earnings Yield (Joel Greenblatt) % of 3.05% is 51% below median its 10-year median of 6.24. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.43. Choice Properties Real Estate Investment Trust's value of 3.05% is 10.9% below this industry median. Based on the distribution chart, Choice Properties Real Estate Investment Trust ranks #540 out of 968 companies in the REITs industry, which is below the industry midpoint. Overall, Choice Properties Real Estate Investment Trust has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Choice Properties Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Choice Properties Real Estate Investment Trust ranks #540 out of 968 companies for Earnings Yield (Joel Greenblatt) %. This places Choice Properties Real Estate Investment Trust in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.43. Choice Properties Real Estate Investment Trust's value of 3.05% is 10.9% below this benchmark. While the company's 10-year median is 6.24 vs. the industry median of 3.43, Choice Properties Real Estate Investment Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.43, based on 968 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Choice Properties Real Estate Investment Trust's current Earnings Yield (Joel Greenblatt) % of 3.05% is 10.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Choice Properties Real Estate Investment Trust and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Choice Properties Real Estate Investment Trust's current Earnings Yield (Joel Greenblatt) % is 3.05%, which is 51% below median its own 10-year median of 6.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choice Properties Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Choice Properties Real Estate Investment Trust (PPRQF) is currently considered Fairly Valued. The stock's GF Value™ is $11.49, compared to a current price of $11.59 — trading 0.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 3.05%, which is 51% below median its 10-year median of 6.24 and 10.9% below the REITs industry median of 3.43. Choice Properties Real Estate Investment Trust's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Choice Properties Real Estate Investment Trust (PPRQF), the current Earnings Yield (Joel Greenblatt) % is 3.05% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Choice Properties Real Estate Investment Trust (PPRQF) Overvalued in 2026?
Based on GuruFocus' analysis, Choice Properties Real Estate Investment Trust stock appears to be overvalued.
The current stock price of $11.59 is trading 0.9% above its estimated GF Value™ of $11.49.
GuruFocus considers Choice Properties Real Estate Investment Trust to be Fairly Valued.
Key valuation signals for PPRQF:
Earnings Yield (Joel Greenblatt) %: 3.05% (51% below median its 10-year median of 6.24)
GF Value™: $11.49 vs. price of $11.59 (0.9% above fair value)
Industry Position: 10.9% below the REITs median (#540 of 968)
No single metric tells the full story. See the PPRQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Choice Properties Real Estate Investment Trust Business Description
Choice Properties Real Estate Investment Trust invests in commercial retail, industrial, mixed-use, and residential properties across Canada. The company's portfolio consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Manitoba, British Columbia, and Saskatchewan. Choice Properties generates the majority of its revenue from leasing properties to its tenants. The company's principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.
79GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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