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 | |
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