Plaza Retail is a leading owner, developer and manager of retail real estate properties in Canada. It has total assets worth $1 billion comprising of 275 properties representing 8.4 million square feet area.
The occupancy rate of these properties is high at more than 96%. Plaza derives more than 30% of its revenue from the pharmacy and medical properties, and 60% from Ontario and Quebec. Over 90% of its total rental income is from national retailers focusing on the consumer staples market segment which is more resilient to volatile market conditions.
Most of Plaza’s national tenants are on long-term leases which results in stable cash flows. Over the years, Plaza REIT has developed solid in-house development expertise and strong relationships with leading retailers. Plaza’s top ten tenants by revenue are Shoppers Drug Mart, KFC, Dollarama, Canadian Tire Group, Sobeys Group, TJX Group, Staples, Bulk Barn, Tim Hortons, and Rexall Pharma Plus.
Plaza Retail REIT Stock Details
- Ticker: tse:plz.un
- Sector: Real Estate
- Industry: REIT - Retail
- Market Cap: 0.39B
- Market Cap Group: Small Cap
- P/E: 9.84
- Dividend Yield: 7.98%
- Grade: C
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 2/10
- Dividend Income Fit: 5/10
PLZ.UN Industry Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| SPG | NYSE:SPG | Simon Property Group Inc. | 39.42 | 18.55 | 6.29 | NO | 1 | 10 | 84 |
| O | NYSE:O | Realty Income Corporation | 39.03 | 40.92 | 5.70 | YES | 1 | 10 | 84 |
| FRT | NYSE:FRT | Federal Realty Investment Trust | 7.52 | 26.85 | 4.73 | YES | 1 | 10 | 84 |
| REI.UN | TSE:REI.UN | RioCan | 5.28 | 34.91 | 6.14 | NO | 1 | 10 | 84 |
| CHP.UN | TSE:CHP.UN | Choice Properties REIT | 4.32 | 14.37 | 5.69 | NO | 1 | 10 | 84 |
| SRU.UN | TSE:SRU.UN | SmartCentres REIT | 3.31 | 8.53 | 8.07 | YES | 1 | 10 | 84 |
| FCR.UN | TSE:FCR.UN | First Capital REIT | 2.93 | 0.00 | 6.27 | NO | 1 | 10 | 84 |
| CRT.UN | TSE:CRT.UN | CT REIT | 1.49 | 36.78 | 6.53 | YES | 1 | 10 | 84 |
| PMZ.UN | TSE:PMZ.UN | Primaris REIT | 1.27 | 20.93 | 6.15 | NO | 1 | 10 | 84 |
| SGR.UN | TSE:SGR.UN | Slate Grocery REIT | 0.64 | 18.38 | 11.12 | NO | 1 | 10 | 84 |
| PLZ.UN | TSE:PLZ.UN | Plaza Retail REIT | 0.39 | 9.84 | 7.98 | NO | 1 | 10 | 84 |
Top Picks by Bay Street Experts
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For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
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Plaza Retail REIT - FAQ
What is the stock ticker for Plaza Retail REIT?
The stock ticker for Plaza Retail REIT is TSE:plz.un.
Is Plaza Retail REIT a good stock to buy?
You need to consider your investment strategy and how TSE:plz.un can fit in your portfolio.
The current dividend income score of 5/10 and dividend growth score of 2/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Plaza Retail REIT a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 45 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Plaza Retail REIT?
You can easily buy the PLZ.UN stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.