Plaza Retail REIT Announces Monthly Distribution for Investors
Key Distribution Updates from Plaza Retail REIT
Plaza Retail REIT, a prominent name in retail real estate investment, has made a notable announcement regarding its upcoming monthly distribution. The trust has declared a distribution amount of $0.02333 per unit for September 2024, which amounts to an annualized figure of approximately $0.28. This distribution showcases Plaza's continuous commitment to delivering value to its unitholders.
Details About the Distribution Payment
The announced distribution will be payable on October 15, 2024, to unitholders who are on record as of September 30, 2024. This timely processing of payments reflects Plaza's dedication to maintaining transparency and reliability in its financial dealings.
About Plaza Retail REIT
Plaza Retail REIT operates as an open-ended real estate investment trust (REIT) and has established itself as a leading owner and developer of retail properties in Canada. The company’s focus lies predominantly in key areas, with its extensive portfolio encompassing interests in 225 properties that cover around 8.9 million square feet. Plaza’s assets are majorly located across major markets such as Ontario, Quebec, and the Atlantic provinces.
Diversity in Property Types
The portfolio of Plaza mainly consists of open-air shopping centers and standalone retail locations. Tenants renting these spaces predominantly include national brands targeting the essential needs, value, and convenience market segments. Furthermore, Plaza’s strategic approach to property acquisition and management ensures that it remains a relevant player in the ever-evolving retail landscape.
Development and Growth Initiatives
As a forward-thinking REIT, Plaza Retail continuously seeks opportunities for growth and development by investing in additional lands earmarked for future projects. This commitment to expansion enables Plaza to not only maintain its existing properties effectively but also to enhance its footprint in desirable areas across Canada.
Investor Insights and Future Growth
Investors can take comfort in Plaza Retail REIT’s consistent performance and structured distribution plans. The REIT's ability to adapt and innovate within the retail space ensures potential stability for unitholders even in fluctuating economic circumstances.
Contact and More Information
For more information about Plaza Retail REIT, interested individuals can visit their official website. Here, audiences can learn about the REIT's ongoing initiatives, property portfolios, and announcements poised to impact future distributions.
Frequently Asked Questions
What is the amount of the September 2024 distribution for Plaza?
The distribution amount for September 2024 is set at $0.02333 per unit.
When will the distribution be payable?
The distribution will be payable on October 15, 2024.
What is the focus of Plaza Retail REIT?
Plaza Retail REIT focuses on owning and developing retail properties primarily in Ontario, Quebec, and Atlantic Canada.
How many properties does Plaza Retail REIT manage?
Plaza manages interests in 225 properties totaling approximately 8.9 million square feet.
Where can I find more information about Plaza Retail REIT?
More information can be found on Plaza Retail REIT's official website.
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