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 | |
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