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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Post by SNAKEYBOYon Jun 01, 2022 10:53am

HR SURPASSES PMZ!

HR NAV- $21 HR DIVIDEND- 3.8% HR PAYOUT RATIO - 50% HR DEBT TO BV- 35% PMZ NAV- $22 PMZ DIVIDEND- 5.5% PMZ PAYOUT RATIO- 55% PMZ DEBT TO BV - 29%

Comment by HermannHalleron May 31, 2022 12:06pm

RE:RE:RE:How long do you let a REIT trade at $8 off, $1 billion off

FCR is at 37%, with a better portfolio and a long track record. I'm not trying to bash PMZ, but there are many bargains in REITs these days. GLTA

Discussion

Comment by SNAKEYBOYon May 31, 2022 10:54am

RE:RE:How long do you let a REIT trade at $8 off, $1 billion off

Discounts are expected, but 40% is a bit extreme....this should be at $16-18

Discussion

Comment by HermannHalleron May 31, 2022 10:42am

RE:How long do you let a REIT trade at $8 off, $1 billion off

Unfortunately there are many REITs trading well below their NAV. AX, MRG, MRT, FCR come to mind. FCR just announced a new buyback plan to try to close the discount. AX has been aggressive with its ...more

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Discussion

Post by SNAKEYBOYon May 31, 2022 10:01am

How long do you let a REIT trade at $8 off, $1 billion off

NAV. Before you say "screw it", sell assets and return $22 to shareholders and go home

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Discussion

Comment by SNAKEYBOYon May 30, 2022 3:48pm

RE:Sold what I had at 14.1, need liquidity to buy HR

You never learn. $15 next week

Discussion

Post by SNAKEYBOYon May 30, 2022 12:14pm

GOOD DAY FOR THE PMZ

But will the gains hold?

Post by SNAKEYBOYon May 27, 2022 9:31pm

This is still my Top Pick

Upside is phenomenal and a 5.5% yield is still pretty lucrative. Not sure if the market makers hate the management, but with such a large unencumbered asset pool and likely FFO increases in ...more

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Post by SNAKEYBOYon May 27, 2022 4:01pm

Dysfunction

Many REITS UP 2-3% today,this underperformed again!

Comment by SNAKEYBOYon May 26, 2022 8:42pm

RE:RE:Is this seriously red again?

Well other REITS aren't trading at a 40% discount to Net Asset Value. Based on where other pure retails trade (Plaza Reit, SmartCenters, Riocan) this should be $17 and higher.

Discussion

Comment by ScroogeMcDuck1on May 26, 2022 5:22pm

RE:Is this seriously red again?

Its annoying, but Its just the algorythms and computers working. Riocan did the same. I own GNL, a US reit and the chart is the same today. A dump at the same time. Its not a ...more

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Discussion

Post by SNAKEYBOYon May 26, 2022 3:24pm

Is this seriously red again?

like seriously

Discussion

Post by SNAKEYBOYon May 25, 2022 4:05pm

PETITION TO REMOVE MANAGEMENT

$13.72 versus $22 nav. This is disgusting. They must have inflated it with their appraisals. What REIT trades for 40% off and 1 billion in real estate value not recognized? HOOPP ...more

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