Plaza Retail REIT (TSE:PLZ.UN) Posts Earnings Results

Plaza Retail REIT (TSE:PLZ.UN) posted its earnings results on Wednesday. The company reported C$0.15 earnings per share for the quarter, FiscalAI reports. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The firm had revenue of C$32.19 million during the quarter.

Plaza Retail REIT Stock Down 0.4%

PLZ.UN opened at C$5.20 on Thursday. The company has a fifty day moving average of C$4.87 and a two-hundred day moving average of C$4.53. The stock has a market capitalization of C$574.41 million, a price-to-earnings ratio of 9.78 and a beta of 0.75. Plaza Retail REIT has a fifty-two week low of C$3.96 and a fifty-two week high of C$5.25. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22.

Plaza Retail REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be issued a $0.0233 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.4%. Plaza Retail REIT’s payout ratio is presently 52.66%.

Plaza Retail REIT Company Profile

Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza’s portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.