Plaza Retail REIT (PLZ-UN) Fair Value & Analysis
Real Estate · CA · Market cap C$575M
Fair value as of: Jul 12, 2026
From 23 valuation models · updated 9 days ago
Share price +10.7% over the past month.
Price vs Fair Value (12 months)
12‑month range C$3.71 – C$5.22 · fair‑value band C$4.28 – C$8.11 · the C$5.22 price screens above the C$4.66 fair value. As of Jul 12, 2026.
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Plaza Retail REIT (PLZ-UN) currently trades at C$5.22, while our model-based Fair Value estimate is C$4.66, implying the stock looks roughly 10.6% overvalued today. We read business quality at 71/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Plaza Retail REIT generated revenue of C$135M at a net margin of 43.5%. Revenue grew 13.2% year over year. It earns a return on equity of 10.6%. Net debt stands at C$643M. Fundamentals as of Jul 12, 2026
Our scenario range runs from C$4.28 (bear case) to C$8.11 (bull case); at C$5.22, the current price sits within that range. The share trades near its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -40% fair-value upside, at -11%, PLZ-UN screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 12, 2026. TTM = trailing twelve months.
About the company
Plaza Retail REIT is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at March 31, 2026, includes interests in 190 properties totaling approximately 8.8 million square feet across Canada and additional lands held for development. Plaza's portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments. Plaza Retail REIT was incorporated on February 2nd, 1999 in Ontario, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Plaza Retail REIT reported revenue of C$131M in FY2025 versus C$111M in FY2021, a compound +4.2%/yr. Reported net income was C$55.3M in FY2025, compounding −13.7%/yr from FY2021.
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Similar stocks
10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $216.74 | $113.07 | -48% |
| Realty Income Corporation O | $60.24 | $36.12 | -40% |
| Kimco Realty Corporation K1IM34 | R$115.44 | R$20.04 | -83% |
| Unibail-Rodamco-Westfield SE URW | €100.30 | €103.95 | +4% |
| Scentre Group STGPF | $2.65 | $2.31 | -13% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U | 2.33 SGD | 1.39 SGD | -40% |
| Regency Centers Corporation R1EG34 | R$200.95 | R$33.00 | -84% |
| Link Real Estate Investment Trust (Link REIT) 0823 | HK$35.54 | HK$33.21 | -7% |
| Klépierre SA LI | €35.02 | €34.28 | -2% |
| Federal Realty Investment Trust FRT | $120.39 | $65.37 | -46% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.