Categories
Update

Plaza Retail REIT (TSX: PLZ.UN)

An income trust focusing on strip malls

Plaza Retail is the owner of unenclosed strip malls located primarily in Atlantic Canada (52%), Quebec (27%), and eastern Ontario (20%). It had 205 properties comprising 8.9 million sq. ft. as June 30. Approximately 60% were grocery- or pharmacy-anchored, and another 9% in fast food restaurants, with an occupancy rate of 98%. National retailers made up 90% of the portfolio, with 26% being Shoppers Drug Mart/Loblaws, and another 18% Dollarama, Sobeys, TJX, and Canadian Tire.


Income Investor

Sorry!

Only current subscribers of The Income Investor may view the details of this recommendation.


Interactive Performance Chart

PLZ.UN was first recommended here on February 10, 2018