FREDERICTON, Dec. 16, 2014 /CNW/ - Plaza Retail REIT ("Plaza") (TSX: PLZ.UN) today announced its December 2014 monthly distribution in the amount of $0.02 per unit ($0.24 annualized). The December distribution will be payable on January 15, 2015 to unitholders of record as at December 31, 2014.
Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, particularly in Eastern Canada. Plaza's current portfolio includes interests in 309 properties totaling approximately 6.6 million square feet across Canada and additional lands held for development. Plaza's properties include a mix of strip plazas, stand-alone small box retail outlets and enclosed shopping centres, anchored by approximately 90% national tenants.
SOURCE: Plaza Retail REIT
For further information: on Plaza Retail REIT, visit our website at www.plaza.ca; or contact: Michael Zakuta, President and Chief Executive Officer, at (514) 457-0997; or Floriana Cipollone, Chief Financial Officer, at (416) 848-4583.