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Plaza Retail REIT (PLZ.UN-T) is an open-ended Canadian REIT with a portfolio consisting of open-air centres and stand-alone small box retail outlets. It offers a distribution yield of 7.1% and has seen improving sales growth and stabilized margins. The company's free cash flow is sufficient for its distribution payments. However, it is considered slightly risky due to its small size and minimal growth rates. Experts suggest considering it as part of a higher risk income basket, but not as an attractive single holding.
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 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
In the last year, 2 stock analysts published opinions about PLZ.UN-T. 2 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.
Plaza Retail REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Plaza Retail REIT.
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.
2 stock analysts on Stockchase covered Plaza Retail REIT In the last year. It is a trending stock that is worth watching.
On 2024-12-13, Plaza Retail REIT (PLZ.UN-T) stock closed at a price of $3.615.
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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