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Plaza Retail REIT (TSE:PLZ.UN)
:PLZ.UN
Holding TSE:PLZ.UN?
Track your performance easily
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -4.85%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong operating performance with stable occupancy, positive leasing spreads, and successful capital recycling. However, the write-down of investment properties and a decrease in development activity present some challenges. Overall, the positive aspects of stable metrics and growth in NOI and AFFO outweigh the lowlights.Company Guidance
During the Plaza REIT Q3 2024 earnings call, several key metrics and guidance highlights were presented. The company's occupancy rate remained stable with overall committed occupancy at 97.5%, while lease renewal spreads averaged 9.2% over the renewal term. The same-asset NOI for the quarter and year-to-date was reported at 1.9% and 2.8% respectively. The company renewed approximately 700,000 square feet and secured around 200,000 square feet of new leasing. Total NOI for the quarter increased by 6.5% compared to the previous year, and AFFO grew by 2% on a dollar basis. The debt-to-assets ratio remained consistent at 51%, with $53 million available liquidity. Plaza's development in Welland, Ontario, is set to commence soon, with a planned 100,000 square feet of retail space. Looking to the future, the company anticipates continued strong tenant demand, particularly from nondiscretionary retailers, and is focusing on intensification opportunities within its portfolio to enhance value.Stable Operating Metrics and Strong Leasing Spreads
The occupancy rate remains stable, with leasing spreads averaging 9.2% over the renewal term. Open air centers show the strongest renewal spreads above 10%.
Significant New Leasing Activity
Approximately 700,000 square feet renewed and 200,000 square feet of new leasing secured, demonstrating strong retail fundamentals in Canada.
Positive NOI and AFFO Growth
Total NOI increased by 6.5% compared to last year, and AFFO rose by 2% on a dollar basis and 1% on a per unit basis.
High Occupancy Levels
Overall committed occupancy stands at 97.5%, near record highs.
Capital Recycling Program Success
Net sales prices for non-core assets exceeded IFRS values by 9% with a weighted average cap rate of 5.8%.
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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
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TSE:PLZ.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$3.71 | C$3.69 | -0.54% |
| Aug 01, 2024 | C$3.60 | C$3.64 | +1.11% |
| May 09, 2024 | C$3.36 | C$3.34 | -0.60% |
| Feb 26, 2024 | C$3.33 | C$3.29 | -1.20% |
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.
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FAQ
When does Plaza Retail REIT (TSE:PLZ.UN) report earnings?
Plaza Retail REIT (TSE:PLZ.UN) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Plaza Retail REIT (TSE:PLZ.UN) earnings time?
Plaza Retail REIT (TSE:PLZ.UN) earnings time is at Mar 04, 2025, TBA Not 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
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