TSE:PLZ.UN
Plaza Retail REIT (PLZ.UN.TO)
Financials 
Technical Analysis 
Jun 3, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Plaza Retail REIT, trading under the symbol PLZ.UN-T, primarily focuses its assets in Quebec and the Maritimes, targeting strip plazas in smaller markets. This strategic positioning has rendered the company historically stable, although growth has been limited due to the challenges of raising rents in these smaller locales. Despite these constraints, the company has benefitted from soaring construction costs, which have deterred tenant relocations, effectively allowing cash flow to grow at an accelerated rate. The REIT holds a low-risk advantage with the option to acquire minority interests in properties it has already invested in, enhancing potential returns. Additionally, with a healthy yield, the outlook for Plaza Retail REIT remains positive.
PLZ.UN is an open-ended Canadian REIT whose portfolio largely consists of open-air centres and stand-alone small box retail outlets. It pays a distribution yield of 7.1%, sales growth has been improving recently, margins have stabilized, and its free cash flow is sufficient for its distribution payments. It trades at an OK valuation of 12X forward earnings, and it is trading below its book value. We think it is a slightly risky REIT due to its small size and minimal growth rates. We would consider it 'OK' as part of a basket of higher risk income names, but not overly attractive as a single holding.
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PLZ.UN is an open-ended Canadian REIT whose portfolio largely consists of open-air centres and stand-alone small box retail outlets. It pays a distribution yield of 7.1%, sales growth has been improving recently, margins have stabilized, and its free cash flow is sufficient for its distribution payments. It trades at an OK valuation of 12X forward earnings, and it is trading below its book value. We think it is a slightly risky REIT due to its small size and minimal growth rates. We would consider it 'OK' as part of a basket of higher risk income names, but not overly attractive as a single holding.
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It has good growth expectations and has stable tenants. Should be able to increase rents in-line with inflation over time. Has large anchor tenants that helps with stability. This could also mean a bit less bargaining power to raise rates however. Unlock Premium - Try 5i Free
Stockchase Insights
Jeffrey F. Olin
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Plaza Retail REIT (PLZ.UN.TO) Frequently Asked Questions
What is Plaza Retail REIT stock symbol?
Plaza Retail REIT is a Canadian stock, trading under the symbol PLZ.UN.TO (previously PLZ.UN-T on Stockchase) on the Toronto Stock Exchange (PLZ.UN-CT). It is usually referred to as TSX:PLZ.UN or PLZ.UN.TO
Is Plaza Retail REIT a buy or a sell?
In the last year, 1 stock analyst published opinions about PLZ.UN.TO (previously PLZ.UN-T on Stockchase). 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. Read the latest stock experts' ratings for Plaza Retail REIT.
Is Plaza Retail REIT a good investment or a top pick?
Plaza Retail REIT was recommended as a Top Pick by Jeffrey F. Olin on 2019-07-31. Read the latest stock experts ratings for Plaza Retail REIT.
Why is Plaza Retail REIT stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
Is Plaza Retail REIT worth watching?
1 stock analyst on Stockchase covered Plaza Retail REIT in the last year. It is a trending stock that is worth watching.
What is Plaza Retail REIT stock price?
On 2026-06-02, Plaza Retail REIT (PLZ.UN.TO) stock closed at a price of $4.46.
Most assets are in Quebec and the Maritimes. Strip plazas in smaller markets. Historically stable, not a lot of growth. Difficult to raise rents in these small markets, but high construction costs have prevented tenants from moving. So cashflow is growing faster than it has in a long time. Low-risk optionality to buy up minority interests of properties already invested in. Healthy yield.