Primaris Real Estate Investment Trust T.PMZ.UN

Alternate Symbol(s): PMREF

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

Primaris Real Estate Investment Trust > Sell off today

<< Previous

Bullboard Posts

Next >>

Comment by CanSiamCypon Jan 11, 2022 11:42am

145 Views

Post# 34303831

RE:RE:Sell off today

Hey Steve! Totally agree with you - that PMZ.un has absolutely best parameters when compared to peers in the mall/retail REIT space - leverage, payout ratio, distribution yield, discount to NAV per unit, etc. I think that this will be recognized quite soon - especially when analysts begin to cover this REIT and start to assign Outperform/Buy ratings to it. I just added $61k of units @ $12.84 to the spinoff units I received from HR.un. Very hard to know how much price fluctuation there will be in the next days but things will ultimately stabilize. Cheers!