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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 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... see more

TSX:PMZ.UN - Post Discussion

Primaris Real Estate Investment Trust > Primaris Announces Anticipated Insider Purchases
View:
Post by CatchTheDip on Jan 06, 2022 11:18pm

Primaris Announces Anticipated Insider Purchases

Primaris has been informed that Alex Avery, the REIT's Chief Executive Officer, Mr. Patrick Sullivan, the REIT's President and Chief Operating Officer, Rags Davloor, the REIT's Chief Financial Officer and certain trustees intend to buy Primaris units over the market during this time.

https://www.newswire.ca/news-releases/primaris-reit-announces-anticipated-insider-purchases-inaugural-distribution-858346234.html
Comment by my2pennies on Jan 07, 2022 12:13pm
It would be REALLY strange if he didn't.
Comment by materialsgirl on Jan 07, 2022 2:03pm
Has the company revealed the cap rate that they used  to get $22 NAV. The cap rate is not the only important metric as there  are 10%+ of the stores vacant at this time However the cap rate is a crucial data bit mat
Comment by Sphynx8 on Jan 07, 2022 2:25pm
FROM TD: Event We are initiating coverage of Primaris REIT with a BUY recommendation (MEDIUM risk) and $17.50 target price. For a more detailed overview, please see our full report, being published later today. TD Investment Conclusion Excessively Cheap Valuation. Primaris' return to the public markets yesterday after a nine-year absence saw heavily discounted trading, in our view, with the ...more  
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