PLAZA RETAIL REIT

Plaza Retail REIT's Q1 performance showed an increase in assets and FFO, but a decrease in AFFO due to high maintenance capex and leasing costs. The REIT faces increasing costs of debt as interest rates rise, but has a plan to refinance its mortgages and potentially take advantage of lower rates. The stock is currently trading at a discount to its book value, with a dividend yield of approximately 7.6%, but the AFFO performance and earnings multiple are not very low. » Mehr auf seekingalpha.com

Plaza Retail REIT performed well during the COVID pandemic and has a strong tenant mix, including Loblaw and Dollarama. The REIT's AFFO per share in the third quarter covered its dividend payout, showing improvement compared to earlier quarters. The REIT's stock is currently trading at a discount to its book value, making it an appealing investment with a 7.8% dividend yield. » Mehr auf seekingalpha.com

Plaza Retail REIT (OTC:PAZRF) Q3 2023 Earnings Conference Call November 10, 2023 11:00 AM ET Company Participants Kimberly Strange - General Counsel and Secretary Michael Zakuta - President, Chief Executive Officer and Trustee Jim Drake - Chief Financial Officer Conference Call Participants Gaurav Mathur - Laurentian Bank Securities Alexander Augimeri - CIBC Operator Good morning. I would like to welcome everyone to the Plaza Retail REIT Third Quarter 2023 Earnings Conference Call. » Mehr auf seekingalpha.com