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Plaza Retail REIT (T:PLZ.UN)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEDAR
Company Contact
Address: 98 Main Street
FREDERICTON NB E3A 9N6
Tel: N/A
Website: plaza.ca
IR: See website
Key People
Michael Zakuta
President, Chief Executive Officer, Director
Jim Drake
Chief Financial Officer
Peter Mackenzie
Executive Vice President, Chief Investment Officer
Stephen Penney
Executive Vice President
   
Business Overview
Plaza Retail REIT (Plaza) is a Canada-based open-ended real estate investment trust. The Company's objective is to deliver a growing yield to unitholders from a diversified portfolio of retail properties. The Company develops, owns and manages retail real estate primarily in Atlantic Canada, Quebec and Ontario. The Company offers a business strategy that differs from various peers in the real estate industry. The Company's portfolio includes interests in approximately 287 properties totaling approximately 8.2 million square feet, which are predominantly occupied by national tenants and additional lands held for development. These include properties indirectly held by Plaza through its subsidiaries and through joint arrangements. The Company's properties are located in Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Manitoba, Ontario, Prince Edward Island and Quebec.
Financial Overview
For the six months ended 30 June 2021, Plaza RetailREIT revenues increased 5% to C$56.7M. Net income totaledC$31.1M vs. loss of C$33.4M. Revenues reflect FFO per Share(Basic) increase of 33% to C$0.11, FFO per Share (Diluted)increase of 29% to C$0.11. Net Income reflects NetOperating Income (NOI), Total increase from C$16.1M toC$36.5M, FV Adjustments on Investment Property increasefrom C$48.5M (expense) to C$12.4M (income).
Employees: 86 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $1,143M as of Jun 30, 2021
Annual revenue (TTM): $109.45M as of Jun 30, 2021
EBITDA (TTM): $66.84M as of Jun 30, 2021
Net annual income (TTM): $49.57M as of Jun 30, 2021
Free cash flow (TTM): $19.24M as of Jun 30, 2021
Net Debt Last Fiscal Year: $675.89M as of Jun 30, 2021
Shares outstanding: 101,794,400 as of Jul 15, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization