Plaza Retail REIT (PLZ.UN.TO) Buy, Sell or Hold

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Plaza Retail REIT (PLZ.UN.TO)

4.60

+0.04 (0.88%)

as of Jun 12, 2026, 8:00:00 pm Market Open.

97 watching

Investor Insights

Jun 11, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Plaza Retail REIT (PLZ.UN-T) primarily holds assets in Quebec and the Maritimes, focusing on strip plazas located in smaller markets. The company's historical stability has been marked by limited growth opportunities, largely due to the challenges of raising rents in these smaller locales. However, the rising construction costs have acted as a barrier to tenant relocation, leading to an encouraging trend of cash flow growth, which has surged recently. Investors may find a low-risk opportunity as Plaza Retail REIT possesses the option to acquire minority stakes in the properties in which it already invests. Additionally, the REIT offers a healthy yield, making it an attractive option for conservative investors seeking stability and gradual cash flow expansion.

Consensus

Positive

Valuation

Fair Value

Similar

RioCan,REI.UN

BUY

Well managed. Made a very accretive acquisition where they acquired a lot of undervalued real estate that they will be able to monetize over the next few years as leases come due. Not cheap at these levels, but because of the growth potential, it is a good buy. Just converted into a REIT, so the distribution you are getting is much more favourable in terms of its tax treatment.

COMMENT

Really likes this. Had exited this in 2011 but got back in at $4.25 in the last couple of months. Good company that has good upside still.

TOP PICK

Great property at a discount. Dividend increase coming up. Just merged with another REIT. It is a corp. converting into a REIT on Jan 1. Finding excellent opportunities to increase cash flows. Jan 10 X-dividend date.

TOP PICK

You need growth in REITs now. Growing their earnings from strip malls and small shopping centers. Turning into a REIT in January so you will get much better yield and it will be return of capital going forward. Will be growing dividend every year.

BUY

Currently this is a Corporation, but will become a REIT soon. They recently took over Keyreit, which was a REIT where he did not like management but was crazy about the assets. Has always liked Plazacorp because of their great development experience. This gives you development upside, nice dividend that will be increased when they become a REIT, plus they have continuously grown their dividend. Yield of 5%.

HOLD

(Market Call Minute.) Liked it a lot before they bought KEYreit.

HOLD

Has followed this for quite some time but has not owned it because the size has been too small for his operations. Recently acquired Key REIT which was an owner of single tenant assets. Their largest tenant was Shoppers Drug Mart (SC-T) but also owned assets that are tenanted by Taco Bell, KFC and Pizza Hut. This transaction is accretive to free cash flow but also increases their leverage. From his perspective, it is not an upgrade to the quality of their portfolio. Going forward, they are going to have to integrate this portfolio into their current assets and they are going to have to bring down leverage. Yield is very stable. Trading close to its NAV but he wouldn’t be adding to it right now.

COMMENT

This is one that is getting a bit of attention now and didn't for a long time but is still very illiquid. Have shopping centers in Québec, Maritimes. Excellent performance numbers and top management.

BUY ON WEAKNESS

This is a great name. Just because the market doesn't recognize it, ignore the market. Generates free cash flow stably and consistently over the last few years. Too small for his fund. If you are comfortable with a 5%-6% total return, you could buy it now otherwise buy on weakness.

BUY

Is too small for him to own. Good quality portfolio. Not a REIT. Pays a distribution. A fan of the assets and management team.

HOLD

Great company and great management. Fairly valued at these levels. Suffers because it is not the most liquid name but expect liquidity will increase as they've had an increase in research coverage lately. 4.9% yield.

BUY

Very good company. Shopping centers in Maritimes and Quebec. Couple of very sharp guys. Recently hasn’t done anything for you. Very well thought of. If you have a very long-term focus it will do well for you. It’s small and not exciting. He thinks it will grow.

BUY

Good quality name, but too small for him to own. Good management. Great value added model mainly in Quebec and Atlantic provinces.

BUY

Shopping centres in eastern Canada. Strong management that creates value as opposed to clipping coupons. There challenge is that it is not heavily traded.

BUY

A very good little company. Well managed. The knowledgeable people have significant holdings. A core holding for him. Mainly maritime and Quebec shopping centers.

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