09:53 AM EST, 11/19/2025 (MT Newswires) -- Choice Properties Real Estate Investment Trust (CHP-UN.TO) on Wednesday said that the Toronto Stock Exchange accepted a notice filed by it of its intention to make a normal course issuer bid (NCIB).

The NCIB will allow the REIT to purchase up to around 27.43 million of Choice Properties trust units, approximately 10% of the public float of the units, by way of a NCIB over the facilities of the TSX or through alternative trading systems or by such other means as may be permitted under applicable law.

The buyback will begin on Nov. 21, 2025 and will end on Nov. 20, 2026.

A statement noted that units purchased under the NCIB will be cancelled or used in connection with the Trust's equity settled incentive plans.

Under Choice Properties' previous NCIB, which expires on Nov. 20, 2025, 282,657 units have been purchased on the TSX and alternative trading systems as of Nov. 7, 2025 at a weighted average price of $13.67.

The company's shares were last seen up $0.08 to $15.20 on the Toronto Stock Exchange.

Price: 15.19, Change: +0.07, Percent Change: +0.46