{"url":"https://newsforagent.com/news/2026-11-04/plaza-retail-reit-q3-2026-results","markdown_url":"https://newsforagent.com/news/2026-11-04/plaza-retail-reit-q3-2026-results.md","title":"Plaza Retail REIT Posts 3.6% FFO Growth in Q3 2026","headline":"Plaza Retail REIT Reports Q3 2026 FFO of $0.115 per Unit and 98.3% Occupancy","description":"Plaza Retail REIT reported Q3 2026 FFO per unit of $0.115, up 3.6%, with same-asset NOI up 3.5% and committed occupancy at 98.3%.","section":"Earnings & Results","published_at":"2026-11-04T23:39:09+00:00","modified_at":"2026-11-04T23:39:09+00:00","author":"News Desk","key_takeaways":["Plaza Retail REIT reported third-quarter 2026 FFO per unit of $0.115, up 3.6% from a year earlier.","Same-asset NOI rose 3.5% to $20.2 million and committed occupancy held at 98.3%.","The REIT completed the disposition of Village Shopping Centre during the quarter.","Plaza's portfolio at September 30, 2026 included interests in 188 properties totaling approximately 8.4 million square feet."],"companies":[{"name":"Plaza Retail REIT","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0005xxm/plaza-retail-reit","website":"https://plaza.ca"}],"source":{"publisher":"Newswire","title":"Plaza Retail REIT Announces Third Quarter 2026 Results","url":"https://www.newswire.ca/news-releases/plaza-retail-reit-announces-third-quarter-2026-results-853210785.html"},"other_sources":[],"tags":["Earnings & Results","Plaza Retail REIT"],"body_markdown":"Plaza Retail REIT reported third-quarter 2026 funds from operations of $0.115 per unit, up 3.6% from the same period a year earlier, and adjusted funds from operations of $0.082 per unit, up 6.5%. The Fredericton-based retail property owner and developer announced the results on November 4, 2026, [Newswire](https://www.newswire.ca/news-releases/plaza-retail-reit-announces-third-quarter-2026-results-853210785.html) reported.\n\n## Plaza's Third-Quarter Operating Results\n\n[Plaza Retail REIT](https://akta.pro/company-profiles/0005xxm/plaza-retail-reit) owns and develops open-air centres and stand-alone small-box retail outlets, mainly in Ontario, Quebec and Atlantic Canada, leased largely to national tenants in essential needs, value and convenience retail. Same-asset net operating income rose 3.5% to $20.2 million for the quarter, and total NOI increased 1.5% to $20.8 million. Committed occupancy, including non-consolidated investments, was 98.3%, compared with 97.9% a year earlier.\n\nProfit and total comprehensive income was $15.6 million for the quarter, compared with $8.8 million in the prior-year period, a change the company attributed partly to a $5.5 million swing in the fair value of investment properties. For the nine months ended September 30, 2026, FFO per unit was $0.317, up 6.0%, and AFFO per unit was $0.234, up 6.8%. The FFO payout ratio improved to 66.2% year-to-date from 70.3%, and the AFFO payout ratio to 89.9% from 96.1%.\n\n\"We delivered solid growth through the first nine months of 2026, supported by continued execution of our strategy across our portfolio,\" said Jason Parravano, President and Chief Executive Officer. Parravano said the quarter included the completion of the disposition of Village Shopping Centre, which he said lets Plaza concentrate capital on its core portfolio of stand-alone properties and open-air strip centres.\n\n## Plaza's Portfolio and Funding Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Plaza completed a CAD $40 million bought-deal public offering of trust units in March 2023 to fund growth, its only funding round on record. The same records list 190 properties in the portfolio, an occupancy rate of 97.5% and total portfolio size of 8,811,272 square feet.\n\n## Plaza's Path to the Third Quarter\n\nIn August 2026, Plaza's special committee was reviewing strategic alternatives, including the Axia proposal and other potential transactions, with TD Securities, and had set no timetable or decision, Newswire reported. That month, Markets Daily reported that Plaza's second-quarter earnings call covered improved first-half results driven by higher net operating income and occupancy alongside the announcement of a formal review of strategic alternatives. In October 2026, TradingView reported that Plaza declared a monthly distribution of $0.02333 per unit, payable November 16, 2026 to unitholders of record on October 30, 2026.\n\n## Plaza's November 5 Conference Call\n\nParravano and Chief Financial Officer Jim Drake will host a conference call for the investment community on November 5, 2026 at 10:00 a.m. EST. A replay will be available until November 12, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}