Plaza REIT Surges with Q2 Profit Boost | Toronto News

Plaza Retail REIT just dropped a blockbuster Q2 report—profits surged 31.2% to $16.6 million, fueled by smart leasing, rent hikes, and better cost recoveries. Net operating income climbed 4.3% to $19.9 million as the company strategically sells assets and reinvests in growth. CEO Jason Parravano credits strong execution for a 5% quarterly and 7.4% year-to-date jump in FFO per unit. Occupancy remains robust at 97.6%, and with capital recycling into new developments, Plaza is locking in long-term value for investors. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fbedd43093685012