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Plaza Retail REIT (T:PLZ.UN)

Business Focus: Retail REITs

Sector:  Real Estate Industry:  Commercial REITs
 
See Regulatory Filings on SEDAR
Company Contact
Address: 98 Main Street, Null
FREDERICTON NB E3A 9N6
Tel: N/A
Website: plaza.ca
IR: See website
Key People
Michael Zakuta
President, Chief Executive Officer, Trustee
Jim Drake
Chief Financial Officer
Peter Mackenzie
Executive Vice President, Chief Investment Officer
Stephen Penney
Executive Vice President
Kimberly Strange
General Counsel, Company Secretary
 
Business Overview
Plaza Retail REIT (Trust) is a Canada-based open-ended real estate investment trust. The Trust operates a retail real estate ownership and development business in Canada. It is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. The Company's The Company's portfolio includes interests in approximately 253 properties totaling approximately 8.9 million square feet across Canada and additional lands held for development. The Company's property portfolio includes Alberta, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island (PEI) and Quebec.
Financial Overview
For the nine months ended 30 September 2022, Plaza Retail REIT revenues increased less than 1% to C$83.3M. Net income decreased 33% to C$39.7M., also reflect FFO per Share (Basic) decrease of 10% to C$0.1, FFO per Share (Diluted) decrease of 8% to C$0.1. Net income was partially offset by Net Operating Income (NOI), Total decrease of 3% to C$53M, FV Adjustments on Investment Property decrease of 94% to C$1.8M (income).
Employees: 84 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $1,156M as of Sep 30, 2022
Annual revenue (TTM): $110.65M as of Sep 30, 2022
EBITDA (TTM): $65.60M as of Sep 30, 2022
Net annual income (TTM): $80.47M as of Sep 30, 2022
Free cash flow (TTM): $10.94M as of Sep 30, 2022
Net Debt Last Fiscal Year: $700.74M as of Sep 30, 2022
Shares outstanding: 101,800,246 as of Jan 17, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization