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Plaza Retail REIT Un (TSE:PLZ.UN)
TSX:PLZ.UN
Earnings Data
Report Date
Jul 31, 2025During Market Hours (Confirmed)
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call reflects a predominantly positive outlook with strong operational performance, strategic acquisitions, and development initiatives, despite facing some seasonal cost challenges and temporary impacts on AFFO. The company's solid liquidity and improved financial metrics further support a positive sentiment.Company Guidance -
Q2 2025
Increased Ownership in Key Assets
Plaza Retail REIT successfully increased its ownership interest in Tacoma Plaza from 50% to 100% and plans to increase ownership in three Shoppers Drug Mart locations in Ontario from 25% to 100%, with an IFRS property value of approximately $23 million at full ownership.
Strong Same Property Performance
Same property NOI increased by 1.5% year-over-year, driven by solid leasing activity and disciplined expense management. Leasing spreads were robust at 15.4% over the renewal term.
Development and Conversion Initiatives
Plaza initiated the conversion of 40,000 square feet of space into grocery use, expected to generate $1 million of incremental NOI. Additionally, a new grocery store project is underway, expected to contribute $700,000 of NOI upon completion.
Improvement in AFFO and Debt Metrics
AFFO per unit increased by 12% versus last year, and the debt-to-assets ratio improved by 30 bps to 50.5%. Net debt-to-EBITDA decreased to 8x, down 60 bps from last year.
Healthy Liquidity Position
Plaza maintains a healthy liquidity position with $64 million available, including cash, operating line, and debt facilities, enabling the pursuit of upcoming opportunities.
TSE:PLZ.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:PLZ.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | C$3.72 | C$3.74 | +0.54% |
Feb 26, 2025 | C$3.60 | C$3.56 | -1.11% |
Nov 07, 2024 | C$3.58 | C$3.56 | -0.56% |
Aug 01, 2024 | C$3.46 | C$3.51 | +1.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Plaza Retail REIT Un (TSE:PLZ.UN) report earnings?
Plaza Retail REIT Un (TSE:PLZ.UN) is schdueled to report earning on Jul 31, 2025, During Market Hours (Confirmed).
What is Plaza Retail REIT Un (TSE:PLZ.UN) earnings time?
Plaza Retail REIT Un (TSE:PLZ.UN) earnings time is at Jul 31, 2025, During Market Hours (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PLZ.UN EPS forecast?
Currently, no data Available