Primaris Real Estate Investment Trust PMREF

Primary Symbol: T.PMZ.UN

Primaris Real Estate Investment Trust is a Canada-based open-ended mutual fund trust, which operates as an enclosed shopping center-focused real estate investment trust (REIT). The Company manages, leases, and develops retail properties in Canada. Its portfolio includes approximately 38 retail properties aggregating approximately 13.3 million square feet. The Company’s 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, 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, Stone Road Mall, Halifax Shopping Complex, Conestoga Mall and St. Albert Centre.

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Primaris Real Estate Investment Trust > INSANELY MISPRICE. IM READY TO BUY 100K MORE

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Comment by Frankie10on Jun 10, 2022 9:38am

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Post# 34746691

RE:INSANELY MISPRICE. IM READY TO BUY 100K MORE

No growth. No plans for growth.

Literally none.

Just saying.

SNAKEYBOY wrote: Let the losers sell, they can pay a 11% yield covered from FFO if they wanted to.

6% yield

60 million free cash flow that could cancel 4.5 million shares/year

29% debt to BV (even if their NAV is inflated, it's then at least 40%ish)

55% payout ratio