Professional
Added to YB: 2024-09-17
Pitch date: 2024-09-15
PLZ-UN.TO [bullish]
Plaza Retail REIT
+55.5%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
Plaza Retail REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust dated as of November 1, 2013, amended as of March 26, 2020.
Market Cap
CAD 583.3M
Pitch Price
CAD 3.39
Price Target
N/A
Dividend
5.30%
EV/EBITDA
N/A
P/E
9.41
EV/Sales
9.33
Sector
Retail REITs
Category
value
Laggard REITs that offer opportunity - Plaza Retail REIT
PLZ-UN.TO: Defensive open-air mall REIT in growing Atlantic Canada markets. 7.4% yield, falling payout ratio, 35% NAV discount. Strong growth pipeline, insider buying. Hot retail asset class, population boom. Q2 momentum, non-core sales above NAV. Analysts bullish on payout ratio. Potential catalyst: distribution investors noticing improving metrics.
Read full article (2 min)