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
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.
7 Day Return
1 Year Return
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.
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
5 days ago | Simply Wall StWhat Type Of Shareholders Make Up Plaza Retail REIT's (TSE:PLZ.UN) Share Registry?
1 month ago | Simply Wall StPlaza Retail REIT (TSE:PLZ.UN) Has Compensated Shareholders With A 7.5% Return On Their Investment
3 months ago | Simply Wall StIs Plaza Retail REIT (TSE:PLZ.UN) Popular Amongst Insiders?
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$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.
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 (1.5%).
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
How has Plaza Retail REIT performed over the past 5 years?
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.
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$541.8M).
Debt to Equity History and Analysis
Debt Level: PLZ.UN's debt to equity ratio (144.9%) is considered high.
Reducing Debt: PLZ.UN's debt to equity ratio has increased from 139% to 144.9% over the past 5 years.
Debt Coverage: PLZ.UN's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: PLZ.UN is unprofitable, therefore interest payments are not well covered by earnings.
What is Plaza Retail REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PLZ.UN's dividend (6.98%) is higher than the bottom 25% of dividend payers in the Canadian market (1.47%).
High Dividend: PLZ.UN's dividend (6.98%) is in the top 25% of dividend payers in the Canadian market (4.73%)
Stability and Growth of Payments
Stable Dividend: PLZ.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: PLZ.UN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.1%), PLZ.UN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PLZ.UN's dividends in 3 years are forecast to be covered by earnings (72.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Zakuta (60 yo)
Mr. Michael Aaron Zakuta has been the President and Chief Executive Officer at Plaza Retail REIT ( foremerly known as Les Centres commerciaux Plazacorp Ltée) since April 20, 2005. Mr. Zakuta is the Preside...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($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.
Experienced Management: PLZ.UN's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: PLZ.UN's board of directors are seasoned and experienced ( 19.1 years average tenure).
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
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$412.999m
- Market Cap: CA$408.224m
- Shares outstanding: 102.99m
- Website: https://www.plaza.ca
Number of Employees
- Plaza Retail REIT
- 98 Main Street
- New Brunswick
- E3A 9N6
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/10 23:07|
|End of Day Share Price||2021/04/09 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.