Primaris Real Estate Investment Trust T.PMZ.UN

Q2 is released on Primaris webiste.

[jmkOttawa]

Any thoughts about the results?

[SNAKEYBOY]

There was a small improvement from Q1 and they demonstrated the NCIB could offset any potential future quarter declines to keep FFO around 40 cents.  The takeaway (which analysts should confirm) is that based on their financials to be inline with other retail reits this should be trading at $16-17.

[SNAKEYBOY]

Riocan has 42 cent FFO and they have 40 cent FFO and there's a $8 gap.  Obviously riocan has class A assets and a huge development pipeline inclulding retail, so it should be better, but not by 35%.

[pjn0987654321]

They have raised guidance and are buying back units.