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Plaza Retail REIT (PLZ.UN-T)

ON STOCKCHASE SINCE Mar 2011

Owner of shopping malls and strip plazas throughout Atlantic Canada, Quebec and Ontario.

Formerly Plazacorp Retail Properties

REAL ESTATE

Plaza Retail REIT
PLZ.UN-T

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What the experts are saying about PLZ.UN-T

Signal	Opinion	Expert
BUY	Plaza Retail REIT(PLZ.UN-T) April 1, 2019 The yield is absolutely safe and the management team is one of the best ones out there. Development and re-development is still in their DNA. They buy correctly and put the right kind of money into properties and are capitalizing themselves through a balance sheet and payout ratio that remains strong. You won't see a strong rental growth profile, but you will get one of the best management teams with most of their own capital invested in this. However there is an absence of catalysts in this company. It s a slow and steady grower. (Analysts’ price target is $4.50) REAL ESTATE 0 0 0 0 0 0 comments	The yield is absolutely safe and the management team is one of the best ones out there. Development and re-development is still in their DNA. They buy correctly and put the right kind of money into properties and are capitalizing themselves through a balance sheet and payout ratio that remains strong. You won't see a strong rental growth profile, but you will get one of the best management teams with most of their own capital invested in this. However there is an absence of catalysts in this company. It s a slow and steady grower. (Analysts’ price target is $4.50) REAL ESTATE 0 0 0 0 0 0 comments Joshua Varghese Portfolio , Signature Global Ass... Price $4.140 Owned Unknown

PAST TOP PICK	Plaza Retail REIT(PLZ.UN-T) January 28, 2019 (A Top Pick Jan 29/18, Down 0.03%) They are ecommerce-proof. Tenants such as Shoppers Drugmart. They are a developer so they add value. They have 25 projects in the pipeline. He thinks this is a real bargain. They steadily increased the dividend for 15 years. REAL ESTATE 0 0 0 0 0 0 comments	(A Top Pick Jan 29/18, Down 0.03%) They are ecommerce-proof. Tenants such as Shoppers Drugmart. They are a developer so they add value. They have 25 projects in the pipeline. He thinks this is a real bargain. They steadily increased the dividend for 15 years. REAL ESTATE 0 0 0 0 0 0 comments Stephen Takacsy Chief Inve, Lester Asset Managem... Price $4.010 Owned Yes
BUY	Plaza Retail REIT(PLZ.UN-T) December 5, 2018 The story of retail is hurting many REITs including this one. He sees them having one of the better management teams, who is invested in this as well. They avoid dilutive equity raises. This is a fine entry point and you will be aligned with one of the best businesses. There is a lot of development opportunities. REAL ESTATE 0 0 0 0 0 0 comments	The story of retail is hurting many REITs including this one. He sees them having one of the better management teams, who is invested in this as well. They avoid dilutive equity raises. This is a fine entry point and you will be aligned with one of the best businesses. There is a lot of development opportunities. REAL ESTATE 0 0 0 0 0 0 comments Joshua Varghese Portfolio , Signature Global Ass... Price $4.090 Owned No
BUY	Plaza Retail REIT(PLZ.UN-T) March 28, 2018 Management owns a great deal of this company and he sees it as well run. It focuses on shopping and retail in Atlantic Canada and Quebec. He expects another distribution increase. He sees management as very active and engaged. He would love to own it, but can’t get the size they would want. REAL ESTATE 0 0 0 0 0 0 comments	Management owns a great deal of this company and he sees it as well run. It focuses on shopping and retail in Atlantic Canada and Quebec. He expects another distribution increase. He sees management as very active and engaged. He would love to own it, but can’t get the size they would want. REAL ESTATE 0 0 0 0 0 0 comments Michael Simpson Senior Vic, Sentry Investments... Price $4.010 Owned No
TOP PICK	Plaza Retail REIT(PLZ.UN-T) January 29, 2018 They are an orphaned retail REIT and AMZN-Q proof. Shoppers Drug Mart. It is a very well managed company. (Analysts’ target: $4.90). REAL ESTATE 0 0 0 0 0 0 comments	They are an orphaned retail REIT and AMZN-Q proof. Shoppers Drug Mart. It is a very well managed company. (Analysts’ target: $4.90). REAL ESTATE 0 0 0 0 0 0 comments Stephen Takacsy Chief Inve, Lester Asset Managem... Price $4.270 Owned Yes
DON'T BUY	Plaza Retail REIT(PLZ.UN-T) August 3, 2017 Their underlying tenants are vulnerable to the technology displacement (AMZN-Q). Most properties are out East. You would not race to go here. They are in the retail headwinds. Insiders are buying and that is a positive, but not enough to hit a buy button. REAL ESTATE 0 0 0 0 0 0 comments	Their underlying tenants are vulnerable to the technology displacement (AMZN-Q). Most properties are out East. You would not race to go here. They are in the retail headwinds. Insiders are buying and that is a positive, but not enough to hit a buy button. REAL ESTATE 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $4.420 Owned Unknown
HOLD	Plaza Retail REIT(PLZ.UN-T) August 2, 2017 10-year hold? The management team is good. With the 10-year time horizon, you are fine hanging on. They focus on value add, improving the quality of the portfolio as they acquire. Doesn’t think there are any issues, other than that some of their properties are in secondary markets. The portfolio should demonstrate pretty reasonable cash flow growth, and it is trading at a discount. REAL ESTATE 0 0 0 0 0 0 comments	10-year hold? The management team is good. With the 10-year time horizon, you are fine hanging on. They focus on value add, improving the quality of the portfolio as they acquire. Doesn’t think there are any issues, other than that some of their properties are in secondary markets. The portfolio should demonstrate pretty reasonable cash flow growth, and it is trading at a discount. REAL ESTATE 0 0 0 0 0 0 comments Andy Nasr VP & Inves, Sentry Investments... Price $4.440 Owned No
COMMENT	Plaza Retail REIT(PLZ.UN-T) May 11, 2017 Technically, on a shorter term, there is no place to hang your hat. It broke a little bit of support. Had a big down day on April 26, and is now holding in at around $4.75. Sees some support coming in at around the $4.50 range. Dividend yield of 5.6%. REAL ESTATE 0 0 0 0 0 0 comments	Technically, on a shorter term, there is no place to hang your hat. It broke a little bit of support. Had a big down day on April 26, and is now holding in at around $4.75. Sees some support coming in at around the $4.50 range. Dividend yield of 5.6%. REAL ESTATE 0 0 0 0 0 0 comments Hap (Robert) Sn Chief Port, Castlemoore Inc.... Price $4.750 Owned Unknown
COMMENT	Plaza Retail REIT(PLZ.UN-T) April 18, 2017 Retail focused in smaller markets and an expert in their field. A great company, and is looking very attractive at these prices. They have a nice development they are doing in Newfoundland, which he thinks is going to be a home run. REAL ESTATE 0 0 0 0 0 0 comments	Retail focused in smaller markets and an expert in their field. A great company, and is looking very attractive at these prices. They have a nice development they are doing in Newfoundland, which he thinks is going to be a home run. REAL ESTATE 0 0 0 0 0 0 comments Derek Warren Asst Vice , Lincluden Investment... Price $4.930 Owned Yes
COMMENT	Plaza Retail REIT(PLZ.UN-T) February 24, 2017 He doesn’t see this being a take-out candidate at these prices. Their properties are average, maybe on the smaller size. It has performed reasonably well. Yield of 5.2%. REAL ESTATE 0 0 0 0 0 0 comments	He doesn’t see this being a take-out candidate at these prices. Their properties are average, maybe on the smaller size. It has performed reasonably well. Yield of 5.2%. REAL ESTATE 0 0 0 0 0 0 comments Bill Shaw Partner & , Exponent Investment ... Price $5.150 Owned Unknown
BUY on WEAKNESS	Plaza Retail REIT(PLZ.UN-T) November 17, 2016 He loves this retail REIT. While this is a small-cap REIT, it is very unique. Without having to go to the market, they are able to continue to create value through their development program. They’ve raised their dividend every year for over a decade. A great, solid name. Whenever this dips, you want to take advantage of it. REAL ESTATE 0 0 0 0 0 0 comments	He loves this retail REIT. While this is a small-cap REIT, it is very unique. Without having to go to the market, they are able to continue to create value through their development program. They’ve raised their dividend every year for over a decade. A great, solid name. Whenever this dips, you want to take advantage of it. REAL ESTATE 0 0 0 0 0 0 comments Derek Warren Asst Vice , Lincluden Investment... Price $4.980 Owned Yes
PAST TOP PICK	Plaza Retail REIT(PLZ.UN-T) September 2, 2016 (A Top Pick Sept 11/15. Up 24.71%.) One of his favourites. They are constantly able to increase NAV. These are smaller markets, which they own and run. REAL ESTATE 0 0 0 0 0 0 comments	(A Top Pick Sept 11/15. Up 24.71%.) One of his favourites. They are constantly able to increase NAV. These are smaller markets, which they own and run. REAL ESTATE 0 0 0 0 0 0 comments Derek Warren Asst Vice , Lincluden Investment... Price $4.970 Owned Yes
DON'T BUY	Plaza Retail REIT(PLZ.UN-T) July 28, 2016 (Market Call Minute) Better risk reward in other parts of the Canadian REIT market. REAL ESTATE 0 0 0 0 0 0 comments	(Market Call Minute) Better risk reward in other parts of the Canadian REIT market. REAL ESTATE 0 0 0 0 0 0 comments Andy Nasr VP & Inves, Sentry Investments... Price $5.070 Owned No
COMMENT	Plaza Retail REIT(PLZ.UN-T) May 6, 2016 A little gem. A small-cap REIT in secondary markets, but is developing constantly. Without continually issuing equity, they have been able to increase NAV per share over time. The dividend is very safe. Management owns a ton of stock. One of his favourites. Has been underperforming lately, but its time will come. REAL ESTATE 0 0 0 0 0 0 comments	A little gem. A small-cap REIT in secondary markets, but is developing constantly. Without continually issuing equity, they have been able to increase NAV per share over time. The dividend is very safe. Management owns a ton of stock. One of his favourites. Has been underperforming lately, but its time will come. REAL ESTATE 0 0 0 0 0 0 comments Derek Warren Asst Vice , Lincluden Investment... Price $4.700 Owned Unknown
HOLD	Plaza Retail REIT(PLZ.UN-T) December 18, 2015 Has significantly outperformed its peers. He continues to be a big supporter of this. You are getting a line management, a development program and stable community-based real estate. The development they just announced in St. John’s is going to be a home run. This is one you don’t Sell. REAL ESTATE 0 0 0 0 0 0 comments	Has significantly outperformed its peers. He continues to be a big supporter of this. You are getting a line management, a development program and stable community-based real estate. The development they just announced in St. John’s is going to be a home run. This is one you don’t Sell. REAL ESTATE 0 0 0 0 0 0 comments Derek Warren Asst Vice , Lincluden Investment... Price $4.590 Owned Yes

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