)

Plaza Retail REIT (PLZ.UN) investor relations material
Plaza Retail REIT Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved strong progress on portfolio optimization, intensification, and consolidation strategies at mid-year 2025, with a focus on grocery-anchored optimizations and increased ownership in key properties.
Major projects include conversions to No Frills stores in Newfoundland, Ontario, and PEI, and increased ownership in three Ontario Shoppers Drug Mart properties.
Leasing fundamentals remain robust, with high occupancy and strong leasing spreads.
Capital recycling program executed with property sales above IFRS values and reinvestment in higher quality assets.
Financial highlights
Q2 2025 revenues rose 3.6% year-over-year to $31.8 million; NOI increased 3.8% to $19.1 million.
FFO for Q2 increased 5.3% year-over-year to $11.2 million ($0.100 per unit); AFFO decreased 15.8% to $7.5 million ($0.067 per unit), temporarily impacted by optimization leasing costs.
Profit and total comprehensive income for Q2 was $12.7 million, up 419.2% from $2.4 million in Q2 2024, mainly due to fair value gains on investment properties.
Same asset NOI rose 1.5% year-over-year, despite bad debt from two tenant closures.
Year-to-date, revenues grew 4.5% to $62.9 million, NOI up 2.7% to $37.4 million, and profit rose 84.7% to $22.0 million.
Outlook and guidance
Ongoing intensification and optimization projects expected to deliver attractive returns and incremental NOI.
Renewals and project completions anticipated to further boost same property NOI through the year.
Management expects continued progress on optimizations, intensifications, and leasing, with ongoing tenant demand and ability to lease at anticipated rents.
Liquidity of $62M positions the company to capitalize on future opportunities.
Next Plaza Retail REIT earnings date

Next Plaza Retail REIT earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage