FREDERICTON, NB, Jan. 20, 2014 /CNW/ - Plaza Retail REIT ("Plaza") (TSX: PLZ.UN) today announced a distribution in the amount of $0.04 per unit to be paid on February 17, 2014 to unitholders of record as at January 31, 2014. This amount includes Plaza's January 2014 monthly distribution of $0.02 per unit ($0.24 annualized) and a one-time distribution of $0.02 per unit.
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 334 properties totaling approximately 6.4 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
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