Plaza Retail REIT (T:PLZ.UN)
Business Focus: Retail REITs
| Sector: Real Estate | Industry: Commercial REITs |
| 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 | Jason Parravano Chief Operating Officer |
| Peter Mackenzie Executive Vice President, Chief Investment Officer | Mathieu Bordeleau Executive Vice President - Quebec and Ontario | Stephen Penney Executive Vice President | Kimberly Strange General Counsel, Secretary |
| Business Overview |
| Plaza Retail REIT (Trust) is a Canada-based open-ended real estate investment trust. The Trust is a developer, owner and manager of retail real estate located primarily in Ontario, Quebec and Atlantic Canada. Its portfolio includes interests in approximately 234 properties totaling approximately 8.8 million square feet across Canada and additional lands held for development. The properties are indirectly held by Plaza through its subsidiaries and through joint arrangements. Its portfolio largely consists of open-air centers and stand-alone small box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments. The Trust's portfolio consists of Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Quebec. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Plaza Retail REIT revenues increased 3% to C$114.1M. Net income decreased 63% to C$20.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Net Operating Income (NOI), Total decrease of less than 1% to C$70.4M, FV Adjustments on Investment Property decrease from C$8.2M (income) to C$20M (expense). |
| Employees: | 88 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,052M as of Dec 31, 2023 |
| Annual revenue (TTM): | $114.06M as of Dec 31, 2023 |
| EBITDA (TTM): | $65.81M as of Dec 31, 2023 |
| Net annual income (TTM): | $20.19M as of Dec 31, 2023 |
| Free cash flow (TTM): | $11.99M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $665.85M as of Dec 31, 2023 |
| Shares outstanding: | 110,363,720 as of Mar 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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