TSX:PMZ.UN - Post by User
Comment by
Frankie10on May 17, 2022 4:21pm
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Post# 34690330
RE:RE:RE:PMZ's 38 cents FFO , RIOCAN 42 cents
RE:RE:RE:PMZ's 38 cents FFO , RIOCAN 42 centssorry if unclear.
sold pmz post spin at mid 15 low 16
bought back as i said in low 13s, will flip in mid 14's if tightening still in effect when it gets there... if not, happy to hold and collect the yield at these valuations - helps with leverage/cash flow (pmz yield ~6p vs current borrowing cost 2-3p).
spin plus div was very accretive - would never have sold before. loaded up on hr pre spin with every dollar i had laying around in tfsa's and rrsp's to take adv of the stock's discount (due to tax) without any tax consequence.
have a wonderful day.
materialsgirl wrote: Your story is not entirely clear.
Did you sell before the spinout of Primaris.
The old HR included Primaris Canadian indoor mall portfolio
The valuation was roughtly;
Primaris 26% or let's say 25%
New HR 74% or the balance.
The current HR.un does not include. Primaris assets which are
now a new REIT which is owned by original HR unitholders
mat