Plaza Retail Reit · TSX:PLZ.UN
Plaza Retail Reit — Shareholder Meeting (April 2026)
29 slides from Plaza Retail Reit's shareholder meeting presentation, April 2026
Slide 1: Annual General Meeting ESG Report
2023 Annual 2022 General Meeting ESG Report Creating value for our Creating value for our stakeholders stakeholders in overin 130over 130 Canadian communities. Canadian communities.
Slide 2: Table of Contents
Table of Contents Introduction 3 Forward Looking and Non-GAAP Disclaimers 4-6 About Plaza Retail REIT Highlights 8-9 Debt Profile 10 Committed Occupancy 11 Attractive Entry Point 12 Attractive Distribution Yield Projects 13-28 Featured Projects
Slide 3: Forward Looking and Non-GAAP Disclaimers
Forward Looking and Non-GAAP Disclaimers NON-GAAP MEASURES Forward-looking information involves known and unknown risks, uncertainties and Plaza’s consolidated financial statements are prepared in accordance with other factors which may cause the actual results, performance or achievements of Intern
Slide 4: About Plaza Retail REIT
About Plaza Retail REIT Revenue by Retail Category % of Base Rents - as of March 31, 2023 PLAZA TODAY 50% Grocery, Pharmacy, Liquor, Gas, Pet and Dollar Stores 8.8 million 11% Specialty Retail Gross Leasable Area 11% Quick Service Restaurant (QSR) 246 Properties 7% Restaurants, Entertainment 5% Trea
Slide 5: About Plaza Retail REIT: Value by Property Type
About Plaza Retail REIT Value by Property Type as of March 31, 2023 Excludes non-consolidated properties. PLAZA TOMORROW 35% Other Open- 56% Freestanding/ IN CONSTRUCTION Air Centres Anchored Grocery 9 Projects or Pharmacy 716,000 sq. ft. PIPELINE 15 Projects 561,000 sq. ft. UNDER CONTRACT 3 land as
Slide 6: About Plaza Retail REIT: ESG Highlights
About Plaza Retail REIT ESG Highlights • Inaugural ESG report issued in 2023. • 44 LED retrofits completed to date with estimated savings of over 1,670,000 KwH per year. • Mandatory DEI training for all employees completed in 2022 • Overall workforce is 60% female, including 53% at the VP level and
Slide 7: Highlights
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Slide 8: Debt Profile
Debt Profile as at March 31, 2023 Debt to Assets 1., 2. 1. This is a non-GAAP measure. For more information, refer to the non-GAAP financial measures section herein, and in part I and VII of the MD&A for the period ended March 31, 2023. 2. Total debt includes mortgage bonds, mortgages payable, face
Slide 9: Debt Profile
Debt Profile as at March 31, 2023 Long-Term Mortgage Maturities Debt to Assets - including land leases Plaza Retail REIT 2023 AGM Report 9
Slide 10: Committed Occupancy
Committed Occupancy as at March 31, 2023 Excluding properties under development. Plaza Retail REIT 2023 AGM Report 10
Slide 11: Attractive Entry Point
Attractive Entry Point FFO Multiple Plaza Retail REIT is undervalued relative to its peers, as evidenced by the FFO multiple FFO multiples are based on RBC Capital Markets estimated 2023 FFO, and closing unit prices, as at May 18, 2023. Plaza Retail REIT 2023 AGM Report 11
Slide 12: Attractive Distribution Yield
Attractive Distribution Yield Distribution Yield & FFO Payout Ratios Plaza Retail REIT offers investors an attractive and sustainable yield. Plaza also maintained its distribution during the Covid-19 pandemic FFO payout ratios are based on RBC Capital Markets estimated 2023 FFO as at May 16, 2023. D
Slide 13: Featured Projects
Featured Projects
Slide 14: Northern Avenue Plaza, Sault Ste. Marie, ON
Northern Avenue Plaza, Sault Ste. Marie, ON BEFORE AFTER Vacant big-box Princess Auto, Winners & Dollarama Plaza Retail REIT 2023 AGM Report 14
Slide 15: Huron Church Plaza, Windsor, ON
Huron Church Plaza, Windsor, ON BEFORE AFTER Vacant mid-box A&W & Retail Strip Plaza Retail REIT 2023 AGM Report 15
Slide 16: Tri City Centre, Cambridge, ON
Tri City Centre, Cambridge, ON BEFORE AFTER Functionally-obsolete mid-box Free-standing Wendy’s and Dollarama-anchored strip Plaza Retail REIT 2023 AGM Report 16
Slide 17: Taunton Road Plaza, Oshawa, ON
Taunton Road Plaza, Oshawa, ON UNDER CONSTRUCTION Plaza Retail REIT 2023 AGM Report 17
Slide 18: Thousand Islands Plaza, Brockville, ON
Thousand Islands Plaza, Brockville, ON BEFORE AFTER Small vacancies with mothballed space behind them New mid-box that absorbed mothballed space Plaza Retail REIT 2023 AGM Report 18
Slide 19: Les Promenades du Cuivre, Rouyn-Noranda, QC
Les Promenades du Cuivre, Rouyn-Noranda, QC BEFORE AFTER Functionally-challenged retail space Newly-opened Winners & expanded Sports Experts Plaza Retail REIT 2023 AGM Report 19
Slide 20: Plaza des Laurentides, Saint Jérôme, QC
Plaza des Laurentides, Saint Jérôme, QC NEW DEVELOPMENT New Village des valeurs and The Brick Plaza Retail REIT 2023 AGM Report 20
Slide 21: Plaza Saint-Jude, Granby, QC
Plaza Saint-Jude, Granby, QC NEW DEVELOPMENT New Winners under construction. Plaza Retail REIT 2023 AGM Report 21
Slide 22: Plaza de l’Ouest, Sherbrooke, QC
Plaza de l’Ouest, Sherbrooke, QC UNDER CONSTRUCTION AFTER Opportunity for added retail density New pet store Plaza Retail REIT 2023 AGM Report 22
Slide 23: L’Axe, Chicoutimi, QC
L’Axe, Chicoutimi, QC NEW DEVELOPMENT AFTER Vacant land before development Princess Auto, Dollarama and SAQ Plaza Retail REIT 2023 AGM Report 23
Slide 24: Plaza Dieppe Boulevard, Dieppe, NB
Plaza Dieppe Boulevard, Dieppe, NB ±2889" (73,38m) ±918" ±996" ±620" C D A ±157" ±9" B ±122" ±29" ±3658" (92,91m) ±42" ±312" (7,92m) CLEARANCE: CLEARANCE: CLEARANCE: CLEARANCE: PROPOSED EAST ELEVATION SCALE: 1/16" = 1’-0” ±159" (4,03m) ±104" (2,64m) ±222" (5,63m) ±149" (3,78m) FOR CITY ONLY FOR CITY
Slide 25: Gibson Boulevard Plaza, Stewiacke, NS
Gibson Boulevard Plaza, Stewiacke, NS UNDER CONSTRUCTION New development anchored by Foodland (Sobeys) Plaza Retail REIT 2023 AGM Report 25
Slide 26: Bedford Commons, Bedford, NS
Bedford Commons, Bedford, NS REDEVELOPMENT REDEVELOPMENT New Mark’s absorbed multiple smaller units Winners expansion to include HomeSense Plaza Retail REIT 2023 AGM Report 26
Slide 27: Hogan Court Plaza, Bedford, NS
Hogan Court Plaza, Bedford, NS NEW DEVELOPMENT AFTER New strip and Popeye’s pad Plaza Retail REIT 2023 AGM Report 27
Slide 28: The Shoppes at Galway, St. John's, NL
The Shoppes at Galway, St. John’s, NL NEW DEVELOPMENT NEW DEVELOPMENT A&W under construction Mark’s under construction Plaza Retail REIT 2023 AGM Report 28
Slide 29: Plaza Retail REIT
Plaza Retail REIT Contact 98 Main Street info@plaza.ca Fredericton, NB E3A 9N6