PAZRF (Plaza Retail REIT) 10-Year ROIIC % : 4.69% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PAZRF Plaza Retail REIT PAZRF
68 GF Score
Price $3.68
GF Value $2.91
Valuation Modestly Overvalued
! 13 Warning Signs
View Full Analysis

What is Plaza Retail REIT 10-Year ROIIC %?

Plaza Retail REIT PAZRF 68 10-Year ROIIC % is 4.69 as of Dec. 2025. GuruFocus rates PAZRF with a GF Score™ of 68/100 and a GF Value™ of $2.91 (Modestly Overvalued). The stock has 13 warning signs investors should review. Among 568 REITs companies, Plaza Retail REIT ranks better than 64.44% on this metric.

10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year. Plaza Retail REIT's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.69%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Plaza Retail REIT's 10-Year ROIIC % or its related term are showing as below:

PAZRF's 10-Year ROIIC % is ranked better than
64.44% of 568 companies
in the REITs industry
Industry Median: 3.64 vs PAZRF: 4.69

Plaza Retail REIT  (OTCPK:PAZRF) 10-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Plaza Retail REIT 10-Year ROIIC % Related Terms


Plaza Retail REIT 10-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Plaza Retail REIT's 10-Year ROIIC % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Plaza Retail REIT 10-Year ROIIC % Chart

Plaza Retail REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
10-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.45 5.33 4.74 2.55 4.69

Plaza Retail REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
10-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 4.69 0.00

PAZRF vs SPG, O, KIM: 10-Year ROIIC % Comparison

For the REIT - Retail subindustry, Plaza Retail REIT's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Plaza Retail REIT 10-Year ROIIC % vs REITs Industry

For the REITs industry and Real Estate sector, Plaza Retail REIT's 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Plaza Retail REIT's 10-Year ROIIC % falls into.


PAZRF
68GF Score
Plaza Retail REIT PAZRF
10-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Plaza Retail REIT 10-Year ROIIC % Calculation

Plaza Retail REIT's 10-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

10-Year ROIIC %=10-Year Incremental Net Operating Profit After Taxes (NOPAT)**/10-Year Incremental Invested Capital**
=( 47.3025852 (Dec. 2025) - 36.7101315 (Dec. 2015) )/( 1024.431 (Dec. 2025) - 798.73 (Dec. 2015) )
=10.5924537/225.701
=4.69%***

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 10-Year ROIIC % →
What does a 10-Year ROIIC % of 4.69 mean?
Plaza Retail REIT (PAZRF) has a 10-Year ROIIC % of 4.69 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Plaza Retail REIT and its competitors. According to the industry distribution chart, Plaza Retail REIT ranks #202 out of 568 companies in the REITs industry, placing it in the top 35.6%.
Is Plaza Retail REIT's 10-Year ROIIC % too high?
Plaza Retail REIT's current 10-Year ROIIC % is 4.69. The REITs industry median 10-Year ROIIC % is 3.64. Plaza Retail REIT's value of 4.69 is 28.8% above this industry median. Based on the distribution chart, Plaza Retail REIT ranks #202 out of 568 companies in the REITs industry, which is above the industry midpoint. Overall, Plaza Retail REIT has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plaza Retail REIT's 10-Year ROIIC % compare to SPG and O?
According to the REITs industry distribution chart, Plaza Retail REIT ranks #202 out of 568 companies for 10-Year ROIIC %. This puts Plaza Retail REIT in the upper half of its industry. The industry median 10-Year ROIIC % is 3.64. Plaza Retail REIT's value of 4.69 is 28.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a REITs company?
The median 10-Year ROIIC % among REITs companies is 3.64, based on 568 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plaza Retail REIT's current 10-Year ROIIC % of 4.69 is 28.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Plaza Retail REIT and its competitors. For the REITs industry, the median 10-Year ROIIC % is 3.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plaza Retail REIT's current 10-Year ROIIC % is 4.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plaza Retail REIT stock overvalued right now?
Based on GuruFocus' analysis, Plaza Retail REIT (PAZRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.91, compared to a current price of $3.68 — trading 26.5% above its estimated fair value. The current 10-Year ROIIC % is 4.69 and 28.8% above the REITs industry median of 3.64. Plaza Retail REIT's overall GF Score™ is 68/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Plaza Retail REIT (PAZRF), the current 10-Year ROIIC % is 4.69 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Plaza Retail REIT (PAZRF) Overvalued in 2026?

Based on GuruFocus' analysis, Plaza Retail REIT stock appears to be overvalued. The current stock price of $3.68 is trading 26.5% above its estimated GF Value™ of $2.91. GuruFocus considers Plaza Retail REIT to be Modestly Overvalued.

Key valuation signals for PAZRF:

  • 10-Year ROIIC %: 4.69
  • GF Value™: $2.91 vs. price of $3.68 (26.5% above fair value)
  • GF Score™: 68/100 with 13 warning signs
  • Industry Position: 28.8% above the REITs median (#202 of 568)

No single metric tells the full story. See the PAZRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Plaza Retail REIT Business Description

Industry Real EstateREITs
Other Exchanges PLZ.UN:Canada
Address 98 Main Street, Fredericton, NB, CAN, E3A 9N6
Plaza Retail REIT is an unincorporated, open-ended real estate investment trust. It operates as a developer, owner, and manager of retail real estate located mainly in Ontario, Quebec, and Atlantic Canada. Plaza's portfolio largely consists of open-air centres and stand-alone small box retail outlets, and is predominantly occupied by national tenants. Additionally, it also holds land for development.
68GF Score

Get the complete analysis for PAZRF

10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.68
Price
$2.91
GF Value