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.
Undervalued established dividend payer.
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: PAZR.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how PAZR.F performed against the US REITs industry.
Return vs Market: Insufficient data to determine how PAZR.F performed against the US Market.
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
No news available
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: PAZR.F ($2.12) is trading below our estimate of fair value ($4.23)
Significantly Below Fair Value: PAZR.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PAZR.F is good value based on its PE Ratio (9.5x) compared to the REITs industry average (27.7x).
PE vs Market: PAZR.F is good value based on its PE Ratio (9.5x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PAZR.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PAZR.F is good value based on its PB Ratio (0.7x) compared to the US REITs industry average (1.3x).
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 PAZR.F's forecast earnings growth is above the savings rate (2.2%).
Earnings vs Market: Insufficient data to determine if PAZR.F's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PAZR.F's revenue (2.6% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: PAZR.F's revenue (2.6% 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 PAZR.F'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: PAZR.F has high quality earnings.
Growing Profit Margin: PAZR.F's current net profit margins (30.1%) are higher than last year (28%).
Past Earnings Growth Analysis
Earnings Trend: PAZR.F's earnings have declined by -2.6% per year over the past 5 years.
Accelerating Growth: PAZR.F's earnings growth over the past year (4.8%) exceeds its 5-year average (-2.6% per year).
Earnings vs Industry: PAZR.F earnings growth over the past year (4.8%) underperformed the REITs industry 5.3%.
Return on Equity
High ROE: PAZR.F's Return on Equity (7.1%) is considered low.
How is Plaza Retail REIT's financial position?
Financial Position Analysis
Short Term Liabilities: PAZR.F's short term assets (CA$26.7M) do not cover its short term liabilities (CA$153.6M).
Long Term Liabilities: PAZR.F's short term assets (CA$26.7M) do not cover its long term liabilities (CA$534.4M).
Debt to Equity History and Analysis
Debt Level: PAZR.F's debt to equity ratio (129.8%) is considered high.
Reducing Debt: PAZR.F's debt to equity ratio has increased from 129.8% to 129.8% over the past 5 years.
Debt Coverage: PAZR.F's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: PAZR.F's interest payments on its debt are not well covered by EBIT (1.9x coverage).
What is Plaza Retail REIT's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PAZR.F's dividend (9.27%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: PAZR.F's dividend (9.27%) is in the top 25% of dividend payers in the US market (4.55%)
Stability and Growth of Payments
Stable Dividend: PAZR.F's dividends per share have been stable in the past 10 years.
Growing Dividend: PAZR.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.6%), PAZR.F's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Zakuta (59yo)
Mr. Michael Aaron Zakuta has been the President and Chief Executive Officer at Plaza Retail REIT ( foremerly known as Les Centres commerciaux Plazacorp Ltée) since April 20, 2005. Mr. Zakuta is the Preside ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD293.56K) is below average for companies of similar size in the US market ($USD1.37M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||0.75yr||CA$254.79k||0.067% CA$153.8k|
|Executive VP & COO||5.08yrs||CA$450.91k||0.062% CA$141.5k|
|Executive VP & Chief Investment Officer||3.42yrs||CA$361.64k||0.17% CA$377.8k|
|Executive Vice President||0.42yr||no data||0.023% CA$52.1k|
|Senior Vice President||no data||CA$429.00k||no data|
|Company Secretary||10yrs||no data||0.0034% CA$7.8k|
|Director of Business Development||no data||no data||no data|
Experienced Management: PAZR.F's management team is considered experienced (4.3 years average tenure).
|Independent Trustee||21.33yrs||CA$40.00k||0.58% CA$1.3m|
|Lead Independent Trustee||no data||CA$59.75k||0.15% CA$331.7k|
|Chairman of the Board||no data||CA$200.00k||2.52% CA$5.7m|
|Independent Trustee||15.25yrs||CA$60.75k||0.20% CA$464.5k|
|Independent Trustee||0.58yr||CA$5.88k||0.020% CA$44.6k|
Experienced Board: PAZR.F's board of directors are seasoned and experienced ( 18.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PAZR.F 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: PAZR.F
- Exchange: OTCPK
- Founded: 1999
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: CA$311.024m
- Market Cap: CA$225.623m
- Listing Market Cap: CA$228.263m
- Shares outstanding: 102.99m
- 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 March 31, 2020 includes interests in 272 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||2020/06/02 05:27|
|End of Day Share Price||2020/05/27 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.