Jason Parravano

Plaza Retail REIT reported higher funds from operations, a 98.3 per cent committed occupancy rate and increased net operating income for the first nine months of 2026.

Plaza Retail REIT draws takeover interest as tight retail supply, high occupancy and rising rents strengthen its Canadian property portfolio.

The Fredericton-based real estate investment trust said that profit and total comprehensive income rose 31.2 per cent to $16.6 million in the three months ended June 30, compared with $12.7 million in the same period a year earlier.

Plaza's portfolio at December 31, 2025, includes interests in 191 properties totaling approximately 8.8 million square feet across Canada and additional lands held for development.

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada.