Plaza REIT New Purchase

Hey guys how’s it going? Today I wanted to share with you a purchase I made on the stock market last week. Last Thursday I purchased more shares of Plaza REIT. This was my second purchase of the stock. Plaza’s stock was sitting at a 52 week low and I had a little bit of money sitting in my Tax Free Savings Account so I decided to buy more shares and lower my average cost.

What is Plaza REIT?

Plaza Retail REIT (Plaza) is a Canada-based open-ended real estate investment trust. The Company’s objective is to deliver a growing yield to unitholders from a diversified portfolio of retail properties. The Company develops, owns and manages retail real estate primarily in Atlantic Canada, Quebec and Ontario. The Company offers a business strategy that differs from various peers in the real estate industry. The Company’s portfolio includes interests in approximately 310 properties totaling over 7.1 million square feet, which are predominantly occupied by national tenants and additional lands held for development. These include properties indirectly held by Plaza through its subsidiaries and through joint arrangements. The Company’s properties are located in Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Manitoba, Ontario, Prince Edward Island and Quebec. The Company’s subsidiaries include Plaza Master Limited Partnership and Scott’s Real Estate Limited Partnership.

Source (RBC Direct Investing)

Transaction

On March 8th I purchased 502 shares @ $3.94 per share. The cost of the transaction was $1,987.87 including trading fee.

Before the purchase I owned 502 shares, so with this buy I doubled my share count to 1,004. With this purchase my average cost drops to $4.16 from $4.39.

Income

Plaza REIT pays a monthly dividend of $0.0233 the new shares will boost my monthly income by $11.70 and $140.40 annually.

With this purchase I used up all of my available cash so now I will be sitting back and collecting my dividends to rebuild my cash piles.

Thanks for reading

Matthew