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Plaza Retail REIT T.PLZ.UN

Alternate Symbol(s):  PAZRF

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 225 properties totaling approximately 8.9 million square feet across Canada and additional lands held for development. Trust’s 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 properties are indirectly held by Plaza through its subsidiaries and through joint arrangements. The Trust's portfolio consists of Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Quebec.


TSX:PLZ.UN - Post by User

Comment by EstevanOutsideron Feb 26, 2024 7:53pm
97 Views
Post# 35900402

RE:RE:RE:Not the best earnings

RE:RE:RE:Not the best earnings a lot of the added affo costs come from maintenance which plaza said had been deferred from covid times. with the completon of a number of developments, have to wonder if this number could fall quite a bit b ack to historical norms. also leasing costs. 

anyways, the developments coming online in 2024 + the leasing expirations should add around $3.8 M of NOI annualized based on my conservative estimates.

plus they say they will do more non core asset dispositions.


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