Bullboard - Stock Discussion Forum 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... see more

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TSX:PMZ.UN - Post Discussion

Primaris Real Estate Investment Trust > WHY HOOPP BUYING THIS OUT IS NOT FAR FETCHED

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Post by SNAKEYBOY on Jun 17, 2022 9:41am

WHY HOOPP BUYING THIS OUT IS NOT FAR FETCHED

3.1 billion in assets, 2.2 billion in equity, 900 million in debt.

2.2 billion in equity, with $11.00 share price (let's assume it gets there on weakness), that's 1.1 BILLION in market cap trading. They own 25% which means they need about 750 million to privatize the remaining float....add a 25% premium to market price, they buy it out for 1 billion and a 30% discount. The question is, why haven't they already?

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