Plaza Retail REIT Announces May 2025 Distribution
FREDERICTON, NB, May 15, 2025 /CNW/ - Plaza Retail REIT ("Plaza") (TSX: PLZ.UN) today announced its May 2025 monthly distribution in the amount of $0.02333 per unit ($0.28 annualized). The May distribution will be payable on June 16, 2025 to unitholders of record as at May 30, 2025.
ABOUT PLAZA
Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at March 31, 2025 includes interests in 211 properties totaling approximately 8.9 million square feet across Canada and additional lands held for development. Plaza's portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments. For more information, please visit www.plaza.ca.
SOURCE Plaza Retail REIT

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There are currently 59 active state-based conflicts - the most since the end of WWII, with 152,000 conflict-related deaths recorded in 2024. There were 17 countries with over 1,000 internal conflict deaths in 2024, the highest since 1999, and a further 18 countries that recorded over 100 deaths. The world is at an inflection point, with global influence and power fragmenting. The number of globally influential countries has nearly tripled since the end of the Cold War, rising from 13 to 34 by 2023. Conflicts are becoming more internationalised, with 78 countries involved in conflicts beyond their borders in 2024. The global economic impact of violence reached $19.97 trillion in 2024, equivalent to 11.6% of global GDP, with military expenditure alone accounting for $2.7 trillion. The world is at an inflection point, and the number of state-based conflicts is the highest since World War II. Conflicts are becoming more difficult to win and increasingly expensive - at the same time, global investment in conflict prevention has dramatically reduced. Eighty-seven countries deteriorated in peacefulness in 2024 compared to 74 that improved. However, some indicators showed improvement in 2024, notably criminality and homicide rates, which continued their long-term trends. Beyond the immense human suffering, conflict represents a substantial economic burden through the displacement, dislocated trade, business uncertainty, and destruction of infrastructure. The global economic impact of violence reached $19.97 trillion in 2024, while the countries worst affected by conflict have recorded drops in GDP of up to 30% in a single year. Global expenditure on peacekeeping, relative to military expenditure, is at its lowest level in more than two decades - just 0.52% of total military spending in 2024. The concentration of global influence and power is shifting, with mid-level powers becoming more active and influential within their regions due to their rising wealth. This has led to a fragmentation of influence and increasing competition, often between themselves. Relations with neighbouring countries have deteriorated substantially in the last decade, with 43 countries deteriorating and only 10 improving. There are now 34 countries with significant geopolitical influence in at least one other nation, compared to just thirteen at the end of the Cold War. Countries such as Saudi Arabia, Türkiye, India, the UAE, Israel, South Africa, Brazil, and Indonesia have become influential regional powers. Adding to the fragmentation, restrictive trade practices tripled to over 3,000 measures in 2023. China has witnessed the largest increase in influence since the Cold War but appears to be plateauing, with its gross debt rising to near 300% of GDP and FDI falling dramatically to its lowest level in 20 years. Regional Analysis Western and Central Europe remains the most peaceful region globally, with Iceland remaining the most peaceful country in the world, a position it has held since 2008, joined at the top of the index by Ireland, Austria, New Zealand, and Switzerland. European economies are experiencing sustained low growth, and with reductions in foreign aid and the current global retreat from democracy, their influence is diminishing. France and the UK have had the largest falls in influence. For the first time, Russia is the least peaceful country in the world, followed by Ukraine, Sudan, DRC, and Yemen. Europe's military expenditure is almost four times Russia's, yet its combined military capacity is only one-third higher. 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There have been over 1500 violent demonstrations in the US since 2020, with 51 violent demonstrations recorded since the last federal election Steve Killelea, Founder & Executive Chairman, IEP:"The concept of 'forever wars' is more real than at any stage in history. This year's Global Peace Index shows that the world is at a critical inflection point with Global Fragmentation dramatically increasing. This is driven by rising middle-level powers, major power competition, and unsustainable levels of debt burdens in the world's most fragile countries. This is leading to a fundamental realignment and a possible tipping point to a new international order, the nature of which still can't be fathomed." Conflict Hotspots & Risk Assessment The MENA region remains the world's least peaceful, with four countries ranked in the bottom ten on the GPI: Sudan, Yemen, Syria, and Israel. 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The conflict in Ukraine has become a testing ground for this new warfare, with drone attacks by Ukrainian forces increasing by over 127 times since the early days of the war. Inexpensive drones, improvised explosive devices, and other technologies, costing as little as a few hundred dollars, can neutralise high-value military assets worth millions, fundamentally redressing the power balance between state and non-state actors. This asymmetric capability means smaller insurgent groups can now sustain conflicts against far larger conventional forces. Once these technologies are adopted by insurgent militias globally, it will become increasingly difficult to contain their activity, contributing to the 'forever wars' phenomenon where conflicts become prolonged and unwinnable. Notes to Editors The full GPI 2025 report and interactive map are available at: X: @GlobPeaceIndex Facebook: About the Global Peace Index (GPI) The GPI is produced by the international think tank the Institute for Economics & Peace and has been published annually for the last 19 years. It is the most comprehensive resource on global peace trends, ranking 163 independent states and territories, covering 99.7 per cent of the world's population. It uses multiple indicators to measure the state of peace across 'societal safety and security', 'ongoing domestic and international conflict', and 'degree of militarisation'. About the Institute for Economics & Peace (IEP) The Institute for Economics & Peace (IEP) is the world's leading think tank dedicated to developing metrics to analyse peace and to quantify its economic value. 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