Plaza Retail REIT Reports Strong Q1 Performance with Improved Metrics
Plaza Retail REIT (TSE:PLZ.UN) posted solid first-quarter results, including a 2.5% increase in net operating income to CAD 18.8 million and an 11.7% rise in FFO year-over-year to CAD 10.9 million. The company maintained high occupancy rates at 97.5%, with open-air centers near 99%. Management highlighted strong leasing spreads, a low debt-to-assets ratio of 49.5%, and refinancing efforts that should reduce interest expenses.
Tickers: $MCD
Topics: ffo_growth occupancy_rates real_estate retail