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 | |
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