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

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Primaris Real Estate Investment Trust > Q2 is released on Primaris webiste.

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Post by jmkOttawa on Aug 03, 2022 5:35pm

Q2 is released on Primaris webiste.

Any thoughts about the results?

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Comment by SNAKEYBOY on Aug 03, 2022 6:39pm

There was a small improvement from Q1 and they demonstrated the NCIB could offset any potential future quarter declines to keep FFO around 40 cents. The takeaway (which analysts should confirm) is that based on their financials to be inline with other retail reits this should be trading at $16-17.

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Comment by SNAKEYBOY on Aug 03, 2022 6:57pm

Riocan has 42 cent FFO and they have 40 cent FFO and there's a $8 gap. Obviously riocan has class A assets and a huge development pipeline inclulding retail, so it should be better, but not by 35%.

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