Growth and value creation

$1,052M

Investment Properties

$21.5M

NOI

$15.5M

Same-asset NOI

8.2M

Gross Leasable Area (sq. ft.)

as of March 31, 2019

To know Plaza is to know we are unlike any other REIT.

This is true because of the success of our platform and the diverse capabilities and expertise of our people. Together with our proven development strategy, it has driven strong and steady growth in free cash flow – allowing for an unparalleled track record of distribution increases. We have achieved this outstanding performance by targeting greenfield and brownfield opportunities that are often overlooked by competitors. As a result, we create access to communities that are highly appealing to national retailers.

Our portfolio is strengthening every year, and we continue to pursue opportunistic acquisitions that will continue to add further value. We invite you to learn more about Plaza REIT and take part in our exciting growth story.

Contact Investor Relations >

PLZ.UN STOCK INFO

Listed: TSX	Last	Volume	52 Wk High	52 Wk Low	Last Updated
PLZ.UN

*2018:Q4

Our proven redevelopment strategy has driven steady increases in FFO and AFFO

	FFO	AFFO	FFO per Unit	AFFO per Unit
2000	1519		0.07
2001	3150		0.12
2002	2891		0.10
2003	4044		0.122
2004	6011		0.147
2005	7090		0.159
2006	10808		0.24
2007	10576		0.231
2008	12310	10790	0.259	0.231
2009	13643	11815	0.263	0.227
2010	15602	12252	0.268	0.247
2011	14053	12034	0.263	0.225
2012	16243	14999	0.264	0.244
2013	19322	18496	0.26	0.249
2014	28559	27263	0.311	0.298
2015	31314	29908	0.333	0.318
2016	32650	29259	0.333	0.298
2017	35888	33288	0.351	0.325
2018	34264	30304	0.331	0.293

Accretive acquisitions and investments in redevelopment have driven strong revenue growth.

Year	Rental Revenue
2000	7529
2001	16186
2002	19042
2003	19863
2004	23967
2005	28099
2006	38458
2007	39600
2008	45890
2009	48477
2010	51257
2011	55588
2012	57314
2013	83091
2014	93376
2015	96050
2016	100215
2017	102887
2018	104017

Total GLA (SF)

FFO

Rental Revenue

Michael Zakuta

President,
Chief Executive Officer and Trustee

michael.zakuta@plaza.ca

Michael Zakuta

President,
Chief Executive Officer and Trustee

michael.zakuta@plaza.ca

Mr. Zakuta entered the real estate development business on a full time basis after obtaining his law degree from the University of Montreal and a business degree from McGill University. Mr. Zakuta is a co-founder of the Plaza Group and has been involved in every aspect of shopping centre development, acquisitions and management in Quebec, Atlantic Canada and Ontario.

Floriana Cipollone

Chief Financial Officer

floriana.cipollone@plaza.ca

Floriana Cipollone

Chief Financial Officer

floriana.cipollone@plaza.ca

Ms. Cipollone has 25 years of business experience, 15 of which have been in the real estate industry. Ms. Cipollone joined the Plaza Group in 2010. Previously, Ms. Cipollone held the position of Chief Financial Officer for Charter REIT. Prior to that, Ms Cipollone held the positions of Vice President, Corporate Planning & Strategy at O&Y Properties Corporation and Vice President, Finance at O&Y Real Estate Investment Trust. Ms. Cipollone holds a Bachelor of Commerce degree from the University of Toronto and has been a member of the Institute of Chartered Professional Accountants of Ontario since 1992.

James Petrie

Executive Vice President and
Chief Operating Officer

james.petrie@plaza.ca

James Petrie

Executive Vice President and
Chief Operating Officer

james.petrie@plaza.ca

Mr. Petrie joined the Plaza Group in 2004 as Secretary and Corporate Counsel. Prior to joining Plaza, he practiced law as a partner with Stewart McKelvey Stirling Scales in Fredericton. He belongs to both the New Brunswick and Alberta bars, and is an active member of several CBA and Law Society committees. Mr.Petrie holds B.B.A. and LL.B. degrees from UNB and a Masters in Law from Duke University.

Peter Mackenzie

Executive Vice President and Chief
Investment Officer

peter.mackenzie@plaza.ca

Peter Mackenzie

Executive Vice President and Chief
Investment Officer

peter.mackenzie@plaza.ca

Mr. Mackenzie has been in the retail real estate industry for over 20 years. Prior to joining Plaza in 2017, he led the retail brokerage team for CBRE in Atlantic Canada where he completed assignments for national and international retailers such as Cabela’s, Canadian Tire, IKEA and Sobeys. He has lectured in the Geography Department at Saint Mary’s University and at the Rowe School of Business at Dalhousie University. Mr. Mackenzie holds a Bachelor of Arts degree from Mount Allison University and a Master of Arts degree from the University of Toronto.
Earl Brewer

Chairman and Trustee

earl.brewer@plaza.ca

Earl Brewer

Chairman and Trustee

earl.brewer.last@plaza.ca

Mr. Brewer is the Chairman of Plaza Retail REIT. Prior to assuming the role of Chairman of the REIT’s predecessor, Plazacorp Retail Properties Ltd., he was President and CEO from its inception in 1999. He was also Chairman of Greenarm Corporation and Greenarm Management, principally involved in office building development. Mr. Brewer has extensive experience in the real estate business commencing in 1984. He has served the public in many capacities with organizations including: Board of Governors, University of New Brunswick; Director, Atlantic Salmon Federation; Director, New Brunswick Investment Management Corporation; and Honorary Consul for Sweden. Mr. Brewer currently serves on the Board of the Atlantic Salmon Conservation Foundation and the Board of Governors of the Beaverbrook Art Gallery.

Kimberly Strange

Secretary and Corporate Counsel

kimberly.strange@plaza.ca

Kimberly Strange

Secretary and Corporate Counsel

kimberly.strange@plaza.ca

Ms. Strange joined the Plaza Group in 2007 as Corporate Counsel. Prior to joining Plaza, she practiced law as an associate with Stewart McKelvey in Fredericton. She is a member of the New Brunswick bar, has been an active member of various CBA committees, and is the past President of the Canadian Corporate Counsel Association, New Brunswick branch. Ms. Strange holds a B.A. from Cape Breton University and an LL.B. degree from UNB.

Edouard Babineau

Trustee

edouard.babineau@plaza.ca

Edouard Babineau

Trustee

edouard.babineau@plaza.ca

Mr. Babineau is a highly respected entrepreneur and is the President and CEO of Babineau Holdings Ltd. His extensive business experience includes President of Babineau Fisheries Ltd., Souris Seafoods Ltd., International Seafoods Ltd. and Northumberland Seafoods Ltd. (an international marketing company) and President and CEO of PEI Capital Inc. (a venture capital company). Mr. Babineau is actively involved in the community and was a founding member and Governor of PEI Junior Achievement Business Hall of Fame. He was also a Governor on the board of Holland College for six years.

Denis Losier

Trustee

denis.losier@plaza.ca

Denis Losier

Trustee

denis.losier@plaza.ca

Mr. Losier is the former President and CEO of Assumption Mutual Life Insurance Company of Moncton and former Chair of Assumption Life’s subsidiaries and Louisbourg Investments. He is a director and Chair of the Corporate Governance and Nominating Committee of Canadian National Railway Company. Mr. Losier is a former director of Enbridge Gas New Brunswick Limited Partnership, former director and Chair of the Board of Capital DGMC Inc., former Chair of Invest NB and a former board member of the Security and Intelligence Review Committee, Canadian Blood Services and NAV Canada. Mr. Losier previously served as a Member on the New Brunswick Legislative Assembly and held several cabinet positions during his tenure.
Stephen Johnson

Trustee

stephen.johnson@plaza.ca

Stephen Johnson

Trustee

stephen.johnson@plaza.ca

Mr. Johnson is the President and Chief Executive Officer of Choice Properties Real Estate Investment Trust. He has spent approximately 40 years in the real estate industry and previously served as the Chief Executive Officer of Canadian Real Estate Investment Trust since September 1996. Mr. Johnson has extensive experience in real estate and corporate finance, property management, leasing, real estate valuation and property development.

Barbara Trenholm

Trustee

barbara.trenholm@plaza.ca

Barbara Trenholm

Trustee

barbara.trenholm@plaza.ca

Barbara Trenholm is a professor emerita at the University of New Brunswick (UNB) and holds an ICD.D with the Institute of Corporate Directors and a FCPA, FCA with CPA New Brunswick.

Ms. Trenholm is currently a member of the NB Power board of directors and the International Development Research Centre board of governors. She is a past board member of AECL and the Canadian Institute of Chartered Accountants (now known as CPA Canada), past-president of the New Brunswick Institute of Chartered Accountants (now known as CPA New Brunswick), and past acting dean of the Faculty of Business Administration at UNB. In addition, she has chaired or served as a member of a number of other international, national, regional, and local boards and committees.

Floriana Cipollone

Chief Financial Officer

floriana.cipollone@plaza.ca

Floriana Cipollone

Chief Financial Officer

floriana.cipollone@plaza.ca

Ms. Cipollone has 25 years of business experience, 15 of which have been in the real estate industry. Ms. Cipollone joined the Plaza Group in 2010. Previously, Ms. Cipollone held the position of Chief Financial Officer for Charter REIT. Prior to that, Ms Cipollone held the positions of Vice President, Corporate Planning & Strategy at O&Y Properties Corporation and Vice President, Finance at O&Y Real Estate Investment Trust. Ms. Cipollone holds a Bachelor of Commerce degree from the University of Toronto and has been a member of the Institute of Chartered Professional Accountants of Ontario since 1992.

Kim Sharpe

Investor Relations

(506) 476-4855

kim.sharpe@plaza.ca

Bill Bilkas

Vice President, Development

(416) 768-2895

bill.bilkas@plaza.ca

Bryce Schnare

Vice President, Development

(902) 456-9860

bryce.schnare@plaza.ca

Susan Henderson

Vice President, Leasing

(514) 457-7007 ext. 2246

susan.henderson@plaza.ca

Jim Pushie

Vice President, Leasing

(902) 481-5548

jim.pushie@plaza.ca
Verna Bulley

Vice President, Leasing

(902) 434-5769

verna.bulley@plaza.ca

Brian Wall

Leasing Manager

(506) 461-6456

brian.wall@plaza.ca

Tracy J. Fraser

Leasing Manager

(514) 457-7007 ext.2227

tracy.j.fraser@plaza.ca

Tim Bourque

Leasing Representative

(902) 499-1077

tim.bourque@plaza.ca
Christine Slevan

Director of Development

(514) 949-3687

christine.slevan@plaza.ca

To come..

Our properties are primarily leased to national retailers with a focus in the consumer staples market segment – a segment that tends to withstand broader economic conditions and other retail trends, such as online sales. The result? Stable and growing cash flow.

More at Properties & Leasing >

91.0%

of gross rents are 
from National retailers.

Unitholders can reinvest distributions for additional. Participants in the DRIP will also receive a 3% bonus on amounts reinvested to be paid in additional units of Plaza.

More information about Plaza DRIP >

3%

Paid in additional units of Plaza.

How we build value.

Our challenge was to redevelop an old and under-performing enclosed mall into a vibrant community strip centre.

$7.5Million
Purchase Price

$2.2Million
Capital Investment

Pseudio, Eclipse and Jungle Jim’s Eatery store fronts

The result attracted national tenants on long-term leases that replaced local month-to-month leases. In addition, outdoor tenants experienced significantly higher sales and customer traffic due to an improved shopping experience and easy street access.

Occupancy increased!

63% to 96.1%

Tenants became more visible with former indoor retailers benefiting from acquiring frontage and access to the parking lot.

Square footage reduced!

35%

Significant cost reductions due to elimination of indoor common area space and costs associated with maintaining it.

Review this property >

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Growth and value creation

To know Plaza is to know we are unlike any other REIT.

PLZ.UN STOCK INFO

Our proven redevelopment strategy has driven steady increases in FFO and AFFO

Accretive acquisitions and investments in redevelopment have driven strong revenue growth.

Michael Zakuta

Michael Zakuta

Floriana Cipollone

Floriana Cipollone

James Petrie

James Petrie

Peter Mackenzie

Peter Mackenzie

Earl Brewer

Earl Brewer

Kimberly Strange

Kimberly Strange

Edouard Babineau

Edouard Babineau

Denis Losier

Denis Losier

Stephen Johnson

Stephen Johnson

Barbara Trenholm

Barbara Trenholm

Floriana Cipollone

Floriana Cipollone

Kim Sharpe

Bill Bilkas

Bryce Schnare

Susan Henderson

Jim Pushie

Verna Bulley

Brian Wall

Tracy J. Fraser

Tim Bourque

Christine Slevan

How we build value.