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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.


TSX:PMZ.UN - Post by User

Post by SNAKEYBOYon Jul 16, 2022 10:58am
173 Views
Post# 34828967

MANAGEMENT NEEDS TO BRING OUT THE BAZOOKA

MANAGEMENT NEEDS TO BRING OUT THE BAZOOKA They can buy out the float rather easily for a REIT, because of their strong balance sheet, medium size market cap, and HOPP ownership structure.


Sell 3 buildings: $145 million x 3 = 435 million
300 million debt from credit facility (28.5% to 37.5% debt)

730 million could buy out 75% of the private (non HOPP float)

The malls may not be liquid but they should be able to sell 3 of them in a 2 year time frame. 


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