Plaza Retail Reit · TSX:PLZ.UN
Plaza Retail Reit — Shareholder Meeting (May 2024)
22 slides from Plaza Retail Reit's shareholder meeting presentation, May 2024
Slide 1: 2024 Annual General Meeting
2024 Annual 2022 General Meeting ESG Report Creating value for our Creating value for our stakeholders stakeholders in overin 130 over 120 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 13-21 Featured Projects
Slide 3: Forward Looking Information and Non-GAAP Financial Measures
Forward Looking Information and Non-GAAP Financial Measures 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 ach
Slide 4: About Plaza Retail REIT
About Plaza Retail REIT Revenue by Retail Category % of Base Rents - as of December 31, 2023 *Excluding properties under development and non-consolidated properties PLAZA TODAY 49% Grocery, Pharmacy, Liquor, Gas, Pet and Dollar Stores 8.9 million 12% Specialty Retail Gross Leasable Area 10% Quick Se
Slide 5: About Plaza Retail REIT
About Plaza Retail REIT Value by Property Type as of December 31, 2023 Excludes non-consolidated properties. PLAZA TOMORROW 35% Other Open- 57% Freestanding/ IN CONSTRUCTION Air Centres Anchored Grocery 8 Projects or Pharmacy 272,000 sq. ft. PIPELINE 14 Projects 448,000 sq. ft. UNDER CONTRACT 3 land
Slide 6: About Plaza Retail REIT: 2023 ESG Highlights
About Plaza Retail REIT 2023 ESG Highlights • 2023 ESG report (Plaza’s 2nd annual report) issued in May 2024. • Energy intensity reduced by 14% in Plaza operated spaces. • 23 additional LED retrofits of exterior lighting completed, saving an estimated 500,000 kWh of electricity. • Met with largest te
Slide 7: Highlights
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Slide 8: Debt Profile
Debt Profile as at December 31, 2023 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 December 31, 2023. 2. Total debt includes mortgage bonds, mortgages payable, face value of converti
Slide 9: Debt Profile
Debt Profile as at December 31, 2023 Long-Term Mortgage Maturities $29.7M Debt to Assets - including land leases Plaza Retail REIT 2024 AGM Report 9
Slide 10: Committed Occupancy
Committed Occupancy as at December 31, 2023 Excluding properties under development. 97.5% 97.0% 96.5% Plaza Retail REIT 2024 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 2024 FFO, and closing unit prices, as at May 14, 2024. Plaza Retail REIT 2024 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 2024 FFO, as at May 14, 2024.
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 2024 AGM Report 14
Slide 15: Taunton Road Plaza, Oshawa, ON
Taunton Road Plaza, Oshawa, ON NEW DEVELOPMENT New grocery anchored development completed in March 2024 Plaza Retail REIT 2024 AGM Report 15
Slide 16: 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 2024 AGM Report 16
Slide 17: Plaza Saint-Jude, Granby, QC
Plaza Saint-Jude, Granby, QC NEW DEVELOPMENT New Chico pet store under construction Plaza Retail REIT 2024 AGM Report 17
Slide 18: L'Axe, Chicoutimi, QC
L’Axe, Chicoutimi, QC NEW DEVELOPMENT AFTER Vacant land before development. New pads to Princess Auto, Dollarama and SAQ complete development, shortly under construction Plaza Retail REIT 2024 AGM Report 18
Slide 19: Plaza Dieppe Boulevard, Dieppe, NB
Plaza Dieppe Boulevard, Dieppe, NB NEW DEVELOPMENT Superstore and Shoppers Drug Mart development under construction Plaza Retail REIT 2024 AGM Report 19
Slide 20: Gibson Boulevard Plaza, Stewiacke, NS
Gibson Boulevard Plaza, Stewiacke, NS NEW DEVELOPMENT Recently completed grocery anchored development Plaza Retail REIT 2024 AGM Report 20
Slide 21: The Shoppes at Galway, St. John's, NL
The Shoppes at Galway, St. John’s, NL NEW DEVELOPMENT NEW DEVELOPMENT A&W recently completed New Mark’s recently completed Plaza Retail REIT 2024 AGM Report 21
Slide 22: Plaza Retail REIT contact
Plaza Retail REIT Contact 98 Main Street info@plaza.ca Fredericton, NB E3A 9N6