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Market Cap

CA$413.0m

Last Updated

2021/04/10 23:07 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Established dividend payer and slightly overvalued.

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 is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: PLZ.UN's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

1.3%

PLZ.UN

2.7%

CA REITs

1.0%

CA Market


1 Year Return

36.4%

PLZ.UN

17.4%

CA REITs

39.2%

CA Market

Return vs Industry: PLZ.UN exceeded the Canadian REITs industry which returned 17.4% over the past year.

Return vs Market: PLZ.UN underperformed the Canadian Market which returned 39.2% over the past year.


Shareholder returns

PLZ.UNIndustryMarket
7 Day1.3%2.7%1.0%
30 Day4.4%3.7%1.4%
90 Day9.3%10.2%7.5%
1 Year48.0%36.4%24.0%17.4%44.0%39.2%
3 Year20.8%-2.7%26.8%7.8%32.2%19.6%
5 Year16.4%-14.9%42.6%7.8%59.4%35.3%

Long-Term 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

Valuation

Is Plaza Retail REIT undervalued compared to its fair value and its price relative to the market?

47.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PLZ.UN (CA$4.01) is trading below our estimate of fair value (CA$7.63)

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 unprofitable, so we can't compare its PE Ratio to the CA REITs industry average.

PE vs Market: PLZ.UN is unprofitable, so we can't compare its PE Ratio to the Canadian market.


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's PB Ratio (1x) is in line with the CA REITs industry average.


Future Growth

How is Plaza Retail REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

3.7%

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 (1.5%).

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 (3.7% per year) is forecast to grow slower than the Canadian market (7.2% per year).

High Growth Revenue: PLZ.UN's revenue (3.7% 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


Past Performance

How has Plaza Retail REIT performed over the past 5 years?

-18.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLZ.UN is currently unprofitable.

Growing Profit Margin: PLZ.UN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PLZ.UN is unprofitable, and losses have increased over the past 5 years at a rate of 18.4% per year.

Accelerating Growth: Unable to compare PLZ.UN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PLZ.UN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-17.1%).


Return on Equity

High ROE: PLZ.UN has a negative Return on Equity (-3.5%), as it is currently unprofitable.


Financial Health

How is Plaza Retail REIT's financial position?


Financial Position Analysis

Short Term Liabilities: PLZ.UN's short term assets (CA$30.3M) do not cover its short term liabilities (CA$170.4M).

Long Term Liabilities: PLZ.UN's short term assets (CA$30.3M) do not cover its long term liabilities (CA$541.8M).


Debt to Equity History and Analysis

Debt Level: PLZ.UN's debt to equity ratio (144.9%) is considered high.

Reducing Debt: PLZ.UN's debt to equity ratio has increased from 139% to 144.9% over the past 5 years.

Debt Coverage: PLZ.UN's debt is not well covered by operating cash flow (5.1%).

Interest Coverage: PLZ.UN is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Dividend

What is Plaza Retail REIT current dividend yield, its reliability and sustainability?

6.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PLZ.UN's dividend (6.98%) is higher than the bottom 25% of dividend payers in the Canadian market (1.47%).

High Dividend: PLZ.UN's dividend (6.98%) is in the top 25% of dividend payers in the Canadian market (4.73%)


Stability and Growth of Payments

Stable Dividend: PLZ.UN's dividend payments have been volatile 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: At its current payout ratio (77.1%), PLZ.UN's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PLZ.UN's dividends in 3 years are forecast to be covered by earnings (72.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Michael Zakuta (60 yo)

16.25yrs

Tenure

CA$400,000

Compensation

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 ($USD318.51K) is below average for companies of similar size in the Canadian market ($USD749.62K).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PLZ.UN's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: PLZ.UN's board of directors are seasoned and experienced ( 19.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Plaza Retail REIT's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Plaza Retail REIT
  • Ticker: PLZ.UN
  • Exchange: TSX
  • Founded: 1999
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: CA$412.999m
  • Market Cap: CA$408.224m
  • Shares outstanding: 102.99m
  • Website: https://www.plaza.ca

Number of Employees


Location

  • Plaza Retail REIT
  • 98 Main Street
  • Fredericton
  • New Brunswick
  • E3A 9N6
  • Canada

Listings


Biography

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 September 30, 2020 includes in...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 23:07
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.