Primaris Real Estate Investment Trust PMREF

Primary Symbol: T.PMZ.UN

Primaris Real Estate Investment Trust is a Canada-based company, which operates as an enclosed shopping center-focused real estate investment trust (REIT). The Company owns and manages 35 retail properties aggregating approximately 11.4 million square feet, including 22 enclosed shopping centers totaling approximately 9.8 million square feet and 13 unenclosed shopping center and mixed-use properties aggregating approximately 1.6 million square feet. Its properties include Cataraqui Centre, Devonshire Mall, Dufferin Mall, Grant Park Shopping Centre, Highstreet Shopping Centre, Kildonan Place, Lansdowne Place, Marlborough Mall, McAllister Place, Medicine Hat Mall, New Sudbury Centre, Northland Village, Orchard Park Shopping Centre, Park Place Mall, Peter Pond Mall, Place d’Orleans, Place du Royaume, Quinte Mall, Regent Mall, Sherwood Park Mall, Sunridge Mall, and St. Albert Centre. The Company also owns Conestoga Mall in Waterloo, Ontario.

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Primaris Real Estate Investment Trust > I REALLY HOPE MANAGEMENT GETS CREATIVE

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Comment by Frankie10on Jun 14, 2022 11:00am

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Post# 34755047

RE:I REALLY HOPE MANAGEMENT GETS CREATIVE

Then the market dumps on you and you look silly. The only deal here is for this to go private - HOOPP buys back everything at a discount after selling it at FMV (lol) and gets management to manage the assets for them. Similar to what Brookfield did (genius).

SNAKEYBOY wrote:
I've never seen a REIT that had debt of 28% (most are 40-55%) and a unit price that is 40% off. It makes sense to me to just borrow 400 million to a 45% debt (which is still very good), and retire about 1/3rd of the float in one shot (10% premium to trading price)

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