Plaza Retail REIT (TSX: PLZ.UN) is a developer, owner and manager of retail real estate, with a focus on central and eastern Canada. Plaza’s current portfolio includes interests in 295 properties totalling approximately 7.8 million square feet across Canada and additional lands held for development. Plaza properties are anchored by 90.6% national tenants. Their unique business strategy is driven by value-add opportunities to develop and redevelop properties. In Atlantic Canada they have a real competitive advantage as a developer. Plaza minimizes the use of short term debt and locks in consistent returns by financing with long term debt, generally matched to lease maturities. Their growth is also driven by organic growth from their existing portfolio as leases roll-over. Their focus on cash flow per unit has enabled them to increase unitholder distributions every year since November 2002 - fifteen times over the past fourteen years.