Primaris Real Estate Investment Trust PMREF

SERIOUS QUESTION

[SNAKEYBOY]

Some banks are offering a 4.25% 1 year GIC.  Why ar we in this garbage that is LOSING 10% a month?

[Mephistopheles3]

Let me flip the question to you - instead of a GIC which earns 4-4.5% per annum, why not if you have a long-term time horizon be invested in a stock with a 6.5% distribution yield (which is even higher if you count share buybacks which I typically do when looking at total shareholder return).   PMZ also has the opportunity to continue increasing their FFO and their overall distribution

[SNAKEYBOY]

Well the thing is, you can look at the REIT beast RIOCAN and maybe others like HR and ARTIS and DREAM OFFICE that have done renovations, buybacks, etc, and if you bought anytime before COVID your likely down big even with dividends.  Its called the REIT SCAM.   Gotta get out at the right time cause canadian reits are trading at historic discounts