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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
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 is a Canada-based open-ended real estate investment trust. The Company operates a retail real estate ownership and development business in Canada. It is a developer, owner and manager of retail real estate located primarily in Ontario, Quebec and Atlantic Canada. The Company's portfolio includes interests in approximately 255 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. These include properties indirectly held by the Company through its subsidiaries and through joint arrangements. Its portfolio consists of open-air centers and stand-alone small box retail outlets and is predominantly occupied by national tenants. 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 three months ended 31 March 2022, Plaza Retail REIT revenues increased 4% to C$27.9M. Net income increased from C$12.1M to C$25.6M. Revenues reflect FFO per Share (Basic) increase of 6% to C$0.1, FFO per Share (Diluted) increase of 5% to C$0.1. Net income benefited from Net Operating Income (NOI), Total increase of 5% to C$17.1M, FV Adjustments on Investment Property increase from C$3.1M to C$12.4M (income).
Employees: 86 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $1,168M as of Mar 31, 2022
Annual revenue (TTM): $111.83M as of Mar 31, 2022
EBITDA (TTM): $68.45M as of Mar 31, 2022
Net annual income (TTM): $113.03M as of Mar 31, 2022
Free cash flow (TTM): $16.32M as of Mar 31, 2022
Net Debt Last Fiscal Year: $678.32M as of Mar 31, 2022
Shares outstanding: 101,815,000 as of Mar 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization