Fast Facts

Corporate Profile

  • Plaza Retail REIT is one of Canada’s leading property owners, developers and managers of retail real estate
  • Plaza holds interests in 296 properties comprising approximately 7.8 million square feet in Alberta, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island and Quebec
  • Plaza’s total assets are valued at ~$1 billion
  • Plaza has increased its unitholder distribution fifteen times in fourteen years
  • Plaza has 26 projects under development or redevelopment which will add approximately 1,776,000 net square feet to its portfolio

What Sets Plaza Apart

  • Plaza focuses on per unit growth through accretive developments and redevelopments
  • Plaza is fully internalized and able to develop new retail properties in-house – Plaza does not buy finished properties from third party developers or from related parties at low cap rates
  • Insiders hold a significant ownership position
  • Plaza relies on its entrepreneurial abilities to adapt to changing market conditions
  • Plaza locks in consistent long-term returns by financing with long term debt, generally matched to lease maturities

Financial Highlights

000’s except as otherwise notedMarch 31, 2017March 31, 2016
Assets1,027,9211,014,932
Same Asset NOI14,54914,613
Basic & Diluted FFO8,3267,491
Basic & Diluted FFO / Unit8.2¢ 8.0¢
Basic AFFO7,8457,037
Basic AFFO / Unit7.7¢7.5¢
FFO Payout Ratio82.9%83.2%
AFFO Payout Ratio88.0%88.6%
Weighted Average Interest Rate - Fixed Rate Mortgages4.43%4.58%
Interest Coverage Ratio2.28 times2.07 times
Debt Service Ratio1.61 times1.51 times
Debt to gross book value of assets - excluding converts48.4%47.7%
Committed Occupancy96.2%96.4%

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