Plaza Retail REIT announces March 2016 distribution

/FOR IMMEDIATE RELEASE - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

FREDERICTON, March 17, 2016 /CNW/ - Plaza Retail REIT ("Plaza") (TSX: PLZ.UN) today announced its March 2016 monthly distribution in the amount of $0.02167 per unit ($0.26 annualized).  The March distribution will be payable on April 15, 2016 to unitholders of record as at March 31, 2016.    

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 303 properties totaling approximately 7.1 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 91% national tenants. 

SOURCE Plaza Retail REIT

For more information, please visit www.plaza.ca or contact: Floriana Cipollone, Chief Financial Officer, Plaza Retail REIT, Tel: [phone]; Kim Sharpe, Director of Business Development, Plaza Retail REIT, Tel: [phone]