Plaza Retail REIT Announces May 2024 Distribution

May 16, 2024

FREDERICTON, NB, May 16, 2024 /CNW/ - Plaza Retail REIT ("Plaza") (TSX: PLZ.UN) today announced its May 2024 monthly distribution in the amount of $0.02333 per unit ($0.28 annualized). The May distribution will be payable on June 17, 2024 to unitholders of record as at May 31, 2024.

ABOUT PLAZA

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. Plaza's portfolio at March 31, 2024 includes interests in 230 properties totaling approximately 8.9 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.  For more information, please visit www.plaza.ca.

SOURCE Plaza Retail REIT

For further information: Michael Zakuta, President & Chief Executive Officer, Plaza Retail REIT, Tel: 514.919.5041; Jim Drake, Chief Financial Officer, Plaza Retail REIT, Tel: 902.483.4064; Jason Parravano, Chief Operating Officer, Plaza Retail REIT, Tel: 514.268.8615