Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada.
6 star dividend payer and undervalued.
Share Price & News
How has Plaza Retail REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PLZ.UN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PLZ.UN underperformed the Canadian REITs industry which returned -24.6% over the past year.
Return vs Market: PLZ.UN underperformed the Canadian Market which returned -23.7% over the past year.
Price Volatility Vs. Market
How volatile is Plaza Retail REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StThe Plaza Retail REIT (TSE:PLZ.UN) Share Price Is Down 42% So Some Shareholders Are Getting Worried
1 month ago | Simply Wall StIs Plaza Retail REIT (TSE:PLZ.UN) Excessively Paying Its CEO?
1 month ago | Simply Wall StIs Plaza Retail REIT's (TSE:PLZ.UN) ROE Of 9.4% Impressive?
Is Plaza Retail REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PLZ.UN (CA$3.07) is trading below our estimate of fair value (CA$6.95)
Significantly Below Fair Value: PLZ.UN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PLZ.UN is good value based on its PE Ratio (6.2x) compared to the REITs industry average (7.4x).
PE vs Market: PLZ.UN is good value based on its PE Ratio (6.2x) compared to the Canadian market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PLZ.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PLZ.UN is good value based on its PB Ratio (0.7x) compared to the CA REITs industry average (0.7x).
How is Plaza Retail REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PLZ.UN's forecast earnings growth is above the savings rate (1.4%).
Earnings vs Market: Insufficient data to determine if PLZ.UN's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PLZ.UN's revenue (2.1% per year) is forecast to grow slower than the Canadian market (3.7% per year).
High Growth Revenue: PLZ.UN's revenue (2.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PLZ.UN's Return on Equity is forecast to be high in 3 years time
How has Plaza Retail REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLZ.UN has a large one-off gain of CA$12.8M impacting its December 31 2019 financial results.
Growing Profit Margin: PLZ.UN's current net profit margins (45.2%) are higher than last year (11.8%).
Past Earnings Growth Analysis
Earnings Trend: PLZ.UN's earnings have declined by -10.9% per year over the past 5 years.
Accelerating Growth: PLZ.UN's earnings growth over the past year (326.2%) exceeds its 5-year average (-10.9% per year).
Earnings vs Industry: PLZ.UN earnings growth over the past year (326.2%) exceeded the REITs industry 4.7%.
Return on Equity
High ROE: PLZ.UN's Return on Equity (10.9%) is considered low.
How is Plaza Retail REIT's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: PLZ.UN has a high level of physical assets or inventory.
Debt Coverage by Assets: PLZ.UN's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: PLZ.UN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if PLZ.UN has a sufficient allowance for bad loans.
Low Risk Liabilities: PLZ.UN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if PLZ.UN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PLZ.UN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if PLZ.UN has an appropriate level of bad loans.
What is Plaza Retail REIT's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PLZ.UN's dividend (9.12%) is higher than the bottom 25% of dividend payers in the Canadian market (2.69%).
High Dividend: PLZ.UN's dividend (9.12%) is in the top 25% of dividend payers in the Canadian market (8.66%)
Stability and Growth of Payments
Stable Dividend: PLZ.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: PLZ.UN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70%), PLZ.UN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PLZ.UN's dividends in 3 years are forecast to be thoroughly covered by earnings (0.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Zakuta (59yo)
Mr. Michael Aaron Zakuta has been the President and Chief Executive Officer at Plaza Retail REIT ( foremerly known as Les Centres commerciaux Plazacorp Ltée) since April 20, 2005. Mr. Zakuta is the Preside ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD282.20K) is below average for companies of similar size in the Canadian market ($USD760.89K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
|Executive VP & COO||4.92yrs||CA$463.58k||0.060% CA$173.9k|
|Executive VP & Chief Investment Officer||3.25yrs||CA$367.12k||0.15% CA$440.9k|
|Chief Financial Officer||0.67yr||no data||0.062% CA$181.4k|
|Senior Vice President||no data||CA$429.00k||no data|
|Director of Business Development||no data||no data||no data|
|no data||no data||0.021% CA$62.6k|
Experienced Management: PLZ.UN's management team is considered experienced (4.1 years average tenure).
|Independent Trustee||21.17yrs||CA$35.00k||0.57% CA$1.7m|
|Independent Trustee||13yrs||CA$51.25k||0.14% CA$422.0k|
|Chairman of the Board||no data||CA$200.00k||2.51% CA$7.3m|
|Independent Trustee||15.08yrs||CA$56.75k||0.20% CA$590.9k|
|0.42yr||no data||0.019% CA$56.7k|
Experienced Board: PLZ.UN's board of directors are seasoned and experienced ( 15.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PLZ.UN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Plaza Retail REIT's company bio, employee growth, exchange listings and data sources
- Name: Plaza Retail REIT
- Ticker: PLZ.UN
- Exchange: TSX
- Founded: 1999
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: CA$291.318m
- Market Cap: CA$313.487m
- Shares outstanding: 103.30m
- Website: https://www.plaza.ca
Number of Employees
- Plaza Retail REIT
- 98 Main Street
- New Brunswick
- E3A 9N6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PLZ.UN||TSX (The Toronto Stock Exchange)||Yes||Trust Units||CA||CAD||Jul 1999|
|PAZR.F||OTCPK (Pink Sheets LLC)||Yes||Trust Units||US||USD||Jul 1999|
Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2019 includes interests in 274 properties totaling approximately 8.4 million square feet across Canada and additional lands held for development. Plaza's portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 01:38|
|End of Day Share Price||2020/03/31 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.