Plaza Retail REIT Plans Monthly Dividend of $0.02 (TSE:PLZ.UN)

Key Points

• Plaza Retail REIT declared a monthly dividend of C$0.0233 per share, payable to holders of record on May 15 with an ex-dividend date of April 30, implying an annualized yield of about 6.3%.
• The REIT carries significant leverage and weak liquidity, with a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22, which may indicate balance-sheet risk.
• Shares trade near C$4.43 with a market capitalization of C$489.23M and a PE of 8.85; Plaza's portfolio includes roughly 268 properties totaling about 8.6 million sq ft concentrated in Ontario, Quebec and Atlantic Canada.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) announced a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0233 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Thursday, April 30th.

Plaza Retail REIT Trading Down 0.4%

Plaza Retail REIT stock opened at C$4.43 on Tuesday. 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's 50-day simple moving average is C$4.34 and its 200-day simple moving average is C$4.24. The firm has a market capitalization of C$489.23 million, a PE ratio of 8.85 and a beta of 0.68. Plaza Retail REIT has a 52 week low of C$3.65 and a 52 week high of C$4.54.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) last released its earnings results on Monday, March 2nd. The company reported C$0.22 earnings per share for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The business had revenue of C$31.80 million during the quarter.

Plaza Retail REIT Company Profile

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.

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