Plaza Retail REIT (PLZ.UN-T)
TSE:PLZ.UN
3.74
0.01
(0.27%) 1d
Financials
Technical Analysis
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This summary was created by AI, based on 3 opinions in the last 12 months.
Plaza Retail REIT (PLZ.UN) has garnered mixed reviews from various experts, highlighting its strengths as a grocery-anchored REIT primarily serving Eastern and Atlantic Canada. With a distribution yield of over 7%, the company attracts attention for its attractive income potential. Sales growth has been on the rise, and its margins appear stable, contributing to sufficient free cash flow to cover its distribution payments. However, concerns about its growth potential and the inherent risks associated with its relatively small size are prevalent. Although trading at an acceptable valuation and below book value, experts caution that it may not be the most compelling option for investors looking for a single holding, especially in a basket of higher-risk income names.
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
He's more strategic in his REITs. Stays away from Alberta based like Artis. Playing defense. Looking for income coming from outside of Canada, such as with Dream Global. In Canada, likes the apartment REITs like Canadian Apartment. Would also look at the US.
Plaza Retail REIT(PLZ.UN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
Plaza Retail REIT(PLZ.UN-T) Frequently Asked Questions
What is Plaza Retail REIT stock symbol?
Plaza Retail REIT is a Canadian stock, trading under the symbol PLZ.UN-T on the Toronto Stock Exchange (PLZ.UN-CT). It is usually referred to as TSX:PLZ.UN or PLZ.UN-T
Is Plaza Retail REIT a buy or a sell?
In the last year, 3 stock analysts published opinions about PLZ.UN-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?
3 stock analysts 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 2025-05-02, Plaza Retail REIT (PLZ.UN-T) stock closed at a price of $3.74.
CEO retired, but Andrew still thinks highly of management team. Primarily in Eastern and Atlantic Canada. Fits his grocery-anchored profile. Attractive 7+% distribution, and high implied cap rate. Discount to NAV, though not the greatest, and decent upside.