Plaza Retail REIT

OTC Pink - Current Information:PAZRFUnited StatesView on Canadian Exchange

May 9, 2024

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• Press Release: Plaza Retail REIT Announces First Quarter 2024 Results, from 5:01PM ET on Thursday May 09, 2024 by Dow Jones

  5:01PM ET on Thursday May 09, 2024 by Dow Jones
  Companies Mentioned: PLZ.UN
  debentures - 176 AFFO -- diluted(1) $ 7,309 $ 8,305 $(996) Diluted weighted average units outstanding(1)(3) 111,521 105,805 FFO per unit -- diluted(1) $ 0.089 $ 0.090 (1.1 %) AFFO per unit -- diluted(1) $ 0.066 $ 0.078 (15.4 %) (1) This is a non-GAAP financial measure. Refer to the Non-GAAP Financial Measures defined here and in Part I and VII of the REIT's MD&A ending March 31, 2024 for more information on each non-GAAP financial measure. (2) Based on actuals. (3) Includes Class B exchangeable LP units. (4) Includes distributions on Class B exchangeable LP units. (5) Includes proportionate share of revenue and expenditures at equity-accounted investments. (6) The non-controlling interest ("NCI") adjustment, includes adjustments required to translate the profit and total comprehensive income (loss) attributable to NCI of $52 thousand for the three months ending March 31, 2024 (March 31, 2023 - $53 thousand) to FFO and AFFO for the NCI. (7) Incremental leasing costs included in administrative expenses include leasing costs of salaried leasing staff directly attributed to signed leases that would otherwise be capitalized if incurred from external sources. These costs are excluded from FFO in accordance with RealPAC's definition of FFO. (8) Amortization of debenture issuance costs is deducted on a straight-line basis over the remaining term of the related convertible debentures, in accordance with RealPAC. (9) Fair value adjustment to investments relate to the unrealized change in fair value of equity accounted entities which are excluded from FFO in accordance with RealPAC's definition of FFO. (10) Equity accounting adjustment for interest rate swaps includes the change in non-cash fair value adjustments relating to interest rate swaps held by equity accounted entities, which are excluded from FFO in accordance with RealPAC's definition of FFO. (11) Leasing costs -- existing properties include internal and external leasing costs except to the extent that leasing costs relate to development projects, in accordance with RealPAC's definition of AFFO. See the Gross Capital Additions Including Leasing Fees note on page 26 of the MD&A. (12) Maintenance capital expenditures -- existing properties include expenditures related to sustaining and maintaining existing space, in accordance with RealPAC's definition of AFFO. See the Gross Capital Additions Including Leasing Fees note on page 26 of the MD&A.
  

• Plaza Retail REIT Announces First Quarter 2024 Results, from 5:01PM ET on Thursday May 09, 2024 by Dow Jones

  5:01PM ET on Thursday May 09, 2024 by Dow Jones
  Companies Mentioned: PLZ.UN
  diluted(1) $ 0.089 $ 0.090 (1.1 %) AFFO per unit -- diluted(1) $ 0.066 $ 0.078 (15.4 %) (1) This is a non-GAAP financial measure. Refer to the Non-GAAP Financial Measures defined here and in Part I and VII of the REIT's MD&A ending March 31, 2024 for more information on each non-GAAP financial measure. (2) Based on actuals. (3) Includes Class B exchangeable LP units. (4) Includes distributions on Class B exchangeable LP units. (5) Includes proportionate share of revenue and expenditures at equity-accounted investments. (6) The non-controlling interest ("NCI") adjustment, includes adjustments required to translate the profit and total comprehensive income (loss) attributable to NCI of $52 thousand for the three months ending March 31, 2024 (March 31, 2023 - $53 thousand) to FFO and AFFO for the NCI. (7) Incremental leasing costs included in administrative expenses include leasing costs of salaried leasing staff directly attributed to signed leases that would otherwise be capitalized if incurred from external sources. These costs are excluded from FFO in accordance with RealPAC's definition of FFO. (8) Amortization of debenture issuance costs is deducted on a straight-line basis over the remaining term of the related convertible debentures, in accordance with RealPAC. (9) Fair value adjustment to investments relate to the unrealized change in fair value of equity accounted entities which are excluded from FFO in accordance with RealPAC's definition of FFO. (10) Equity accounting adjustment for interest rate swaps includes the change in non-cash fair value adjustments relating to interest rate swaps held by equity accounted entities, which are excluded from FFO in accordance with RealPAC's definition of FFO. (11) Leasing costs -- existing properties include internal and external leasing costs except to the extent that leasing costs relate to development projects, in accordance with RealPAC's definition of AFFO. See the Gross Capital Additions Including Leasing Fees note on page 26 of the MD&A. (12) Maintenance capital expenditures -- existing properties include expenditures related to sustaining and maintaining existing space, in accordance with RealPAC's definition of AFFO. See the Gross Capital Additions Including Leasing Fees note on page 26 of the MD&A.