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TM Editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Choice Properties Real Estate Investment Trust (PPRQF) invests in commercial retail, industrial, mixed-use, and residential properties across Canada.

The company's portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.

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.

Choice Properties REIT was founded in 2013 and is headquartered in Toronto.

Three key data points gauge Choice Properties or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

PPRQF Price

Over the past year, Choice Properties' share price fell just about 11.5% from $10.82 to $8.69 as of Thursday’s market close.

If Choice Properties shares trade in the range of $8.00 to $12.00 this next year, its recent $8.69 share price might rise to $9.00 by next year. Of course, the PPRQF price could also drop about the same $0.31 estimated amount or more.

My $0.31 upside is about $.09 under the average of annual MHCUF share price gains and losses over the past ten years.

PPRQF Dividend

Choice Properties REIT has paid $0.0457 monthly variable dividends since November 2013. The most recent $0.0457 Monthly dividend was declared July 16th for shareholders of record July 31st and the dividend is payable August 15th. The forward-looking $0.55 annual dividend yields 6.31% at Thursday’s closing price.

PPRQF Returns

To put it all together, an $0.86 estimated one-year gross gain per share shows up when adding PPRQF’s  $0.55 annual dividend to the estimated price upside of $0.31, equalling $0.86.

A little over $1000 buys 115 shares at their $8.69 per share price.

A $10 broker fee (if charged), paid half at purchase and half at the sale, might take about $0.09 per share out of the $0.86 annual, gross gain to reveal a net gain of $0.77 X 115 shares = $88.55 for about an 8.8% estimated net gain on the year.

Furthermore, the $63.10 annual dividend income from $1K invested is just over 7.25 times Choice Properties’ $8.69 single share price. By these numbers, Choice Properties REIT may be an ideal dividend dog.

You might choose to pounce on PPRQF.  It is an 11-year-old monthly dividend-paying Ontario-based REIT with a nearly 11-year record of paying monthly dividends.

The exact track of Choice Properties REIT's future price and dividend will entirely be determined by market action.

Remember the true value of any stock is best realized through personal ownership of shares.

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