Plaza Retail REIT (TSE:PLZ.UN) Shareholders Set to Receive $0.02 Monthly Dividend

Key Points

• Plaza Retail REIT declared a monthly dividend of C$0.0233 per share, equivalent to roughly C$0.28 annually and a 5.4% yield. Shareholders of record on November 16 are scheduled to receive payment that day; the ex-dividend date is October 30.
• The REIT recently reported quarterly EPS of C$0.15 on revenue of C$32.19 million, with a 9.40% net margin and 2.07% return on equity.
• Analyst sentiment is currently cautious: Canaccord Genuity and Desjardins both downgraded the stock to “Hold.” Three analysts have a consensus “Hold” rating and an average price target of C$5.30.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) declared a monthly dividend on Friday, October 30th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.0233 per share on Monday, November 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, October 30th.

Plaza Retail REIT Stock Up 1.8%

Shares of Plaza Retail REIT stock opened at C$5.19 on Wednesday. Plaza Retail REIT has a 52-week low of C$3.96 and a 52-week high of C$5.37. The stock has a market capitalization of C$573.33 million, a price-to-earnings ratio of 9.16 and a beta of 0.63. 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 company's 50 day moving average price is C$5.27 and its 200-day moving average price is C$4.74.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$32.19 million during the quarter. Plaza Retail REIT had a return on equity of 2.07% and a net margin of 9.40%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLZ.UN. Canaccord Genuity Group lowered shares of Plaza Retail REIT from a "buy" rating to a "hold" rating and decreased their price objective for the stock from C$5.75 to C$5.65 in a report on Monday. Desjardins downgraded shares of Plaza Retail REIT from a "buy" rating to a "hold" rating and lifted their price target for the company from C$5.00 to C$5.50 in a report on Friday, August 7th. Three analysts have rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$5.30.

Plaza Retail REIT Company Profile

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at June 30, 2026 includes interests in 189 properties totaling approximately 8.8 million square feet across Canada and additional lands held for development. Plaza's portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments.

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