Canaccord Genuity analyst Mark Rothschild has maintained their bullish stance on PLZ.UN stock, giving a Buy rating today.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Mark Rothschild’s rating is based on several positive indicators for Plaza Retail REIT. The company has demonstrated solid growth in its funds from operations (FFO), with a 5.3% increase per diluted unit in the second quarter of 2025, driven by strong leasing spreads and a rise in same-property net operating income (NOI). The REIT’s high occupancy rate of 98% and the renewal of significant lease space at favorable spreads suggest continued stability and potential for organic growth through increased rental rates as leases expire.
Additionally, Plaza Retail REIT’s development and optimization projects are expected to enhance cash flow and provide a substantial unlevered return. The completion of these projects, alongside a robust development pipeline, is anticipated to contribute to the company’s growth. The REIT’s valuation, with a cap rate of 7.25% and a target price aligned with the net asset value (NAV) estimate, presents an attractive investment opportunity, especially when compared to its peers trading at higher cash flow multiples and lower discounts to NAV.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$4.50 price target.