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

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

Plaza Retail REIT Stock Performance

TSE PLZ.UN traded down C$0.02 during trading on Wednesday, hitting C$5.20. 38,731 shares of the company’s stock traded hands, compared to its average volume of 71,430. 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 12-month low of C$3.96 and a 12-month 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. The business has a 50 day moving average of C$4.86 and a 200-day moving average of C$4.53.

Plaza Retail REIT Dividend Announcement

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

About Plaza Retail REIT

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.