Record FFO Per Unit
Plaza delivered its highest quarterly FFO per unit in recent years at $0.111, representing an 8.8% increase over the same period last year.
Strong Same-Property NOI Growth
Same-property NOI increased by 1.7% year-over-year, with potential growth up to 2.3% without the impact of bad debt adjustments.
High Occupancy Rate
Committed occupancy rate reached an all-time high of 98%, with non-enclosed mall properties at 99%.
Successful Capital Recycling Program
Plaza sold 19 properties above IFRS values as part of their 2025 capital recycling program.
Significant Value from Optimization Projects
Optimization projects are expected to generate $650,000 of NOI for a $2.4 million investment, yielding an unlevered return of approximately 20%.