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Plaza REIT
Real estate / REIT Retail
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Plaza REIT is a real estate investment trust that owns and operates a diverse portfolio of income-producing properties across Canada. The company was founded in 2002 and is based in Toronto, Canada.
The company’s primary focus is on retail properties, including shopping centers, supermarkets, and standalone retail buildings. However, Plaza REIT also owns and manages office buildings, industrial buildings, and mixed-use properties.
Some of the company’s major tenants include well-known retailers such as Walmart, Sobeys, and Canadian Tire, as well as national and regional banks, healthcare providers, and government agencies.
Plaza REIT is publicly traded on the Toronto Stock Exchange (TSX) under the ticker symbol PLZ.UN. The company is structured as a trust and is required to distribute at least 90% of its taxable income to its unitholders, making it an attractive investment option for those seeking regular income.
As of December 2020, Plaza REIT’s portfolio consisted of 274 properties, with a total gross leasable area of over 8 million square feet. The company has a diversified portfolio, with properties located in various regions across Canada, including Ontario, Quebec, and the Atlantic provinces.
Plaza REIT has a strong track record of financial performance, with consistent growth in revenue and funds from operations (FFO) over the years. The company also has a strong balance sheet, with a low debt to asset ratio and access to various sources of capital for future growth and acquisitions.
In addition to its focus on financial performance, Plaza REIT also prioritizes sustainability and social responsibility. The company has implemented various environmental initiatives to reduce its carbon footprint and enhance energy efficiency, as well as community engagement programs and support for various charitable organizations.
The company’s primary focus is on retail properties, including shopping centers, supermarkets, and standalone retail buildings. However, Plaza REIT also owns and manages office buildings, industrial buildings, and mixed-use properties.
Some of the company’s major tenants include well-known retailers such as Walmart, Sobeys, and Canadian Tire, as well as national and regional banks, healthcare providers, and government agencies.
Plaza REIT is publicly traded on the Toronto Stock Exchange (TSX) under the ticker symbol PLZ.UN. The company is structured as a trust and is required to distribute at least 90% of its taxable income to its unitholders, making it an attractive investment option for those seeking regular income.
As of December 2020, Plaza REIT’s portfolio consisted of 274 properties, with a total gross leasable area of over 8 million square feet. The company has a diversified portfolio, with properties located in various regions across Canada, including Ontario, Quebec, and the Atlantic provinces.
Plaza REIT has a strong track record of financial performance, with consistent growth in revenue and funds from operations (FFO) over the years. The company also has a strong balance sheet, with a low debt to asset ratio and access to various sources of capital for future growth and acquisitions.
In addition to its focus on financial performance, Plaza REIT also prioritizes sustainability and social responsibility. The company has implemented various environmental initiatives to reduce its carbon footprint and enhance energy efficiency, as well as community engagement programs and support for various charitable organizations.
What is special about the company?
1. One of the largest REITs in Canada: Plaza REIT is one of the largest real estate investment trusts (REITs) in Canada, with a market capitalization of over $7 billion and a diversified portfolio of assets across the country.
2. Focus on retail properties: Plaza REIT has a strong focus on owning and managing retail properties, including shopping centers, strip malls, and single-tenant retail properties. This specialization allows the company to have a deep understanding of the retail market and effectively manage its properties.
3. High-quality portfolio: The company’s portfolio consists of high-quality properties in prime locations, with long-term tenants and stable cash flow. Its properties are managed to a high standard, ensuring tenant satisfaction and retention.
4. Strong track record of growth: Plaza REIT has a strong track record of growth, with a history of increasing its property portfolio and generating consistent returns for investors. This growth is driven by both strategic acquisitions and development projects.
5. Experienced management team: The company’s management team has extensive experience in the real estate industry, with a deep understanding of market dynamics and a proven track record of successful property management and value creation.
6. Sustainable and socially responsible: Plaza REIT is committed to sustainability and social responsibility, with a focus on energy efficiency, waste reduction, and community engagement. The company also actively supports charitable organizations through its PlazaCares program.
7. Strong financial performance: The company has a strong financial performance, with a solid balance sheet, low debt levels, and a stable dividend payout. This financial stability provides investors with reliable and predictable income.
8. Strong tenant relationships: Plaza REIT has a strong reputation for fostering positive relationships with its tenants, resulting in high occupancy rates and consistent rental income.
9. Diversified tenant base: While retail is the company’s main focus, Plaza REIT has a diversified tenant base, including grocery stores, pharmacies, and other essential retailers. This diversity helps to mitigate risk and insulate the company from market volatility.
10. Active and innovative approach: Plaza REIT is known for its proactive and innovative approach to property management. The company is constantly seeking new ways to enhance the value of its portfolio and improve the experience for its tenants and investors.
2. Focus on retail properties: Plaza REIT has a strong focus on owning and managing retail properties, including shopping centers, strip malls, and single-tenant retail properties. This specialization allows the company to have a deep understanding of the retail market and effectively manage its properties.
3. High-quality portfolio: The company’s portfolio consists of high-quality properties in prime locations, with long-term tenants and stable cash flow. Its properties are managed to a high standard, ensuring tenant satisfaction and retention.
4. Strong track record of growth: Plaza REIT has a strong track record of growth, with a history of increasing its property portfolio and generating consistent returns for investors. This growth is driven by both strategic acquisitions and development projects.
5. Experienced management team: The company’s management team has extensive experience in the real estate industry, with a deep understanding of market dynamics and a proven track record of successful property management and value creation.
6. Sustainable and socially responsible: Plaza REIT is committed to sustainability and social responsibility, with a focus on energy efficiency, waste reduction, and community engagement. The company also actively supports charitable organizations through its PlazaCares program.
7. Strong financial performance: The company has a strong financial performance, with a solid balance sheet, low debt levels, and a stable dividend payout. This financial stability provides investors with reliable and predictable income.
8. Strong tenant relationships: Plaza REIT has a strong reputation for fostering positive relationships with its tenants, resulting in high occupancy rates and consistent rental income.
9. Diversified tenant base: While retail is the company’s main focus, Plaza REIT has a diversified tenant base, including grocery stores, pharmacies, and other essential retailers. This diversity helps to mitigate risk and insulate the company from market volatility.
10. Active and innovative approach: Plaza REIT is known for its proactive and innovative approach to property management. The company is constantly seeking new ways to enhance the value of its portfolio and improve the experience for its tenants and investors.
What the company's business model?
The Plaza REIT company is a real estate investment trust that owns and operates a portfolio of retail, office, and industrial properties in Canada. Its business model is to generate income and provide growth through the ownership, management, and development of its real estate assets. The company acquires, manages, and maintains properties, and leases them to tenants, primarily on long-term, triple-net leases. It also engages in active property management and redevelopment to increase the value of its properties. The Plaza REIT company primarily derives its revenue from rental income and property appreciation. It also distributes a portion of its income to its shareholders in the form of dividends.
Interesting facts about the company
1. Plaza Real Estate Investment Trust (Plaza REIT) is one of the largest real estate investment trusts in Malaysia.
2. The company was founded in 2002 and is based in Kuala Lumpur, Malaysia.
3. Plaza REIT’s portfolio consists of retail, office, and hospitality properties, with a total asset value of over RM4 billion.
4. The trust is listed on Bursa Malaysia Securities Berhad and is included in the FTSE Bursa Malaysia Mid 70 Index.
5. Plaza REIT’s properties are located in major cities and economic hubs in Malaysia, including Kuala Lumpur, Penang, and Johor Bahru.
6. The trust’s largest property is the Sungei Wang Plaza shopping mall in Kuala Lumpur, which has over 800,000 square feet of retail space.
7. Plaza REIT has a diverse tenant mix, with international and local retailers, as well as government and corporate tenants, making up its portfolio.
8. The trust has a track record of consistent and growing dividends, with a dividend yield of around 5% in recent years.
9. Plaza REIT has a strong focus on sustainability, with its properties achieving international certifications such as GreenRE and LEED.
10. The trust has won numerous awards, including the Best Performing Retail REIT in Asia at the 2019 Asia Portfolio Awards, and the Best Retail REIT at the 2019 Capital Markets Malaysia Awards.
See Company Due Diligence:
2. The company was founded in 2002 and is based in Kuala Lumpur, Malaysia.
3. Plaza REIT’s portfolio consists of retail, office, and hospitality properties, with a total asset value of over RM4 billion.
4. The trust is listed on Bursa Malaysia Securities Berhad and is included in the FTSE Bursa Malaysia Mid 70 Index.
5. Plaza REIT’s properties are located in major cities and economic hubs in Malaysia, including Kuala Lumpur, Penang, and Johor Bahru.
6. The trust’s largest property is the Sungei Wang Plaza shopping mall in Kuala Lumpur, which has over 800,000 square feet of retail space.
7. Plaza REIT has a diverse tenant mix, with international and local retailers, as well as government and corporate tenants, making up its portfolio.
8. The trust has a track record of consistent and growing dividends, with a dividend yield of around 5% in recent years.
9. Plaza REIT has a strong focus on sustainability, with its properties achieving international certifications such as GreenRE and LEED.
10. The trust has won numerous awards, including the Best Performing Retail REIT in Asia at the 2019 Asia Portfolio Awards, and the Best Retail REIT at the 2019 Capital Markets Malaysia Awards.
See Company Due Diligence:
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