Plaza 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