Plaza Retail REIT: Business Overview, Financials & Competitive Analysis
Plaza Retail REIT is a leading retail property owner and developer focused on Ontario, Quebec and Atlantic Canada with a portfolio of 191 properties totaling approximately 8.8 million square feet. The portfolio largel...
Cyborg Score thesis
Essential retail REIT with strong dividend yield and modest growth, but facing headwinds requiring close...
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Get Current Report FreePlaza Retail REIT Overview
Pro stress-test →Plaza Retail REIT is a leading retail property owner and developer focused on Ontario, Quebec and Atlantic Canada with a portfolio of 191 properties totaling approximately 8.8 million square feet. The portfolio largely consists of open-air centres and stand-alone small box retail outlets predominantly occupied by national tenants with a focus on essential needs, value and convenience market segments.
Strategic Profile
Pro stress-test →The portfolio is anchored by approximately 91% national tenants, providing stable cash flows through long-term leases. 2024 revenue grew 6.13% to CAD $124.54M with earnings increasing 24.06% to CAD $25.05M, demonstrating operational leverage in the portfolio.
Competitive Landscape
Pro stress-test →Plaza is a leading retail property owner and developer focused on Ontario, Quebec and Atlantic Canada. The company competes with other Canadian retail REITs in the essential retail segment, differentiated by its small-box and open-air centre focus on national tenants in value-oriented markets.
Industry Context
Plaza Retail REIT operates in Real Estate Investment Trust - Retail.
Key facts
Founded: 1999 · Headquarters: Fredericton, NB, Canada · Revenue: CAD $124.54M (2024) · Market cap: CAD $469.35M