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Bullboard - Stock Discussion Forum 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... see more

Bullboard (TSX:PMZ.UN)

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Comment by SNAKEYBOYon Jul 16, 2022 11:00am

RE:MANAGEMENT NEEDS TO BRING OUT THE BAZOOKA

Even indicating they are doing something like this would give the SP a few $ boost, because it is not like HR REIT that needs to sell a 50-100 properties. It's literally 3 MALLS!!
Post by SNAKEYBOYon Jul 16, 2022 10:58am

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 ...more  
Comment by SNAKEYBOYon Jul 16, 2022 10:35am

RE:RE:I'm calling the bottom

Why  would you buy if you see "way more pain"? The 10 year is still at 2.xx%.  The S & P has found support.   Leading indicators show inflation has peaked.  They ...more  
Comment by Frankie10on Jul 16, 2022 12:09am

RE:I'm calling the bottom

I grabbed some at $12.10 a couple days ago. This is a cash flow machine - I recomend it to all boomers who look to me for advice. Macro suggests much more pain. Prepare for the worst, hope for the ...more  
Comment by SNAKEYBOYon Jul 15, 2022 3:25pm

RE:I'm calling the bottom

Welcome to the club of buying this turd all the way down fom $13.90s. These REITS got flushed with the bone-head fed and their historic hikes
Post by HermannHalleron Jul 15, 2022 2:23pm

I'm calling the bottom

In at $12.20, too cheap to resist. This has been on my wish list for a while. I expect Q2 results will give it a boost, and hopefully the market overall will start to recover.  GLTA
Comment by SNAKEYBOYon Jul 15, 2022 10:52am

RE:RE:SERIOUS QUESTION

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 ...more  
Comment by Mephistopheles3on Jul 15, 2022 9:52am

RE:SERIOUS QUESTION

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 ...more  
Post by SNAKEYBOYon Jul 15, 2022 9:35am

SERIOUS QUESTION

Some banks are offering a 4.25% 1 year GIC.  Why ar we in this garbage that is LOSING 10% a month?
Post by SNAKEYBOYon Jul 14, 2022 2:48pm

I JUST CANT HANDLE THIS ANYMORE

3 MONTHS OF RECORD CPI NUMBERS, RECORD INFLATION, RECORD RATE HIKES,  75 PTS, 100 PTS, 200  PTS.   ALL I KNOW THE REIT SECTOR IS DOWN 20% YTD AND YEAH ALL BS MANIPULATION
Post by SNAKEYBOYon Jul 13, 2022 3:34pm

STILL CANT GET OVER THIS SP HANDLE

$22 NAV WAS CONSERVATIVE THEY SAID.   MIGHT BE $24.00.  28% DEBT.  W T F
Post by SNAKEYBOYon Jul 13, 2022 3:34pm

STILL CANT GET OVER THIS SP HANDLE

$22 NAV WAS CONSERVATIVE THEY SAID.   MIGHT BE $24.00.  28% DEBT.  W T F
Post by SNAKEYBOYon Jul 11, 2022 11:34am

GARBAGE REITS RED EVERYDAY

AFTER THE BIGGEST SELL OFF IN HISTORY NOT EVEN A "DEAD CAT" BOUNCE
Post by SNAKEYBOYon Jul 08, 2022 11:08pm

Buying back 50k shares a day

Would translate to: 13 million shares cancelled / year Total cost around $170 million per year at avg $13.00 60 million free cash flow means they to come up with $110 milion. That's ...more  
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