Plaza Retail REIT (PLZ.UN) Facts

Is Plaza Retail REIT's distribution safe?

Plaza Retail REIT (PLZ.UN) currently screens as covered under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of March 31, 2026. The public inputs on this sheet show AFFO payout ratio 94.3% and FFO payout ratio 71.6% from that extraction period, plus Distribution Yield 5.30% from the public market snapshot as of August 25, 2026; the engine driver summary is AFFO payout 94%: Comfortably covered by adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is Plaza Retail REIT trading below Reported NAV?

Plaza Retail REIT (PLZ.UN) has Price / Reported NAV of 1.04x, using price $5.30 from the public market snapshot as of August 25, 2026 and Reported NAV / Unit $5.11 from issuer filings as of December 31, 2025. This is a 3.7% premium to Reported NAV. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does Plaza Retail REIT own?

Plaza Retail REIT (PLZ.UN) describes its portfolio this way: Plaza Retail REIT is an Atlantic Canada-focused REIT owning grocery and drug-store-anchored strip malls, power centres, and freestanding commercial properties across New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland, and Québec. The trust's approximately 230 properties benefit from recession-resistant anchor tenants including Sobeys, Shoppers Drug Mart, and Tim Hortons, while CEO Jason Parravano oversees a disciplined development pipeline deploying capital into high-quality Atlantic Canadian retail nodes. The same public row lists Market Cap $591M as of August 25, 2026 and sector Retail; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.