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

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

Plaza Retail REIT Stock Performance

TSE:PLZ.UN opened at C$5.29 on Friday. The stock’s 50-day moving average is C$4.89 and its 200-day moving average is C$4.54. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16. Plaza Retail REIT has a 1-year low of C$3.96 and a 1-year high of C$5.34. The stock has a market cap of C$584.35 million, a P/E ratio of 9.95 and a beta of 0.75.

Plaza Retail REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.0233 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, July 31st. Plaza Retail REIT’s dividend payout ratio (DPR) 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.