TSE:PMZ.UN

Primaris REIT (PMZ.UN.TO)

22.54
+0.44 (1.99%)
as of Oct 29, 2026, 8:00:00 pm Market Closed.
68 watching
0
HOLD

(Market Call Minute) Owns Oakville Place and Burlington Mall. You can hold it for the yield.

BUY

(Market Call Minute.) Feels the street is underestimating the impact that Target is going to have when they move in. It will represent about a 3rd of their overall square footage.

BUY

Still has some upside here. Their quarter came in better than he thought. He was concerned that they would have issues with their tenant backfill being a bit down but was better than he thought. Balance sheet is very unlevered. Feels they are locked and loaded to do acquisitions and grow.

PAST TOP PICK

(A Top Pick Aug 4/11. Up 28.23%.) The only predominantly mall REIT in Canada. Haven’t done anything overly spectacular in the last year but it was cheap. Still sees some upside.

PAST TOP PICK
(A Top Pick Aug 4/11. Up 23.51%.) Have some great assets. Good management.
DON'T BUY
Not his favourite name. Growth trails its peers and yet it trades at a premium to the group. Unless they develop a stronger growth profile and start doing some acquisitions, he would not buy. Wouldn't buy unless it pulled back to $22.
PAST TOP PICK
(A Top Pick May 26/11. Up 15.77%.) Largest owner/operator of enclosed malls around the country. Great assets. A good core holding. Wait for a pullback before buying.
BUY
(Market Call Minute.) Stable cash flow and good management team.
HOLD
Great REIT, regional malls. Nothing wrong, but hasn’t been one of the strongest performing. Nothing very new going on Pretty well valued. A Core Holding.
COMMENT
Not cheap relative to the group and there aren't too many catalysts for 2012. Growth is lagging their peers. Think they will only be good for about $150 million this year. Also not doing well on leasing spreads at only about 4% versus 10%.
BUY
(Market Call Minute) Great assets and will continue to do well and have distribution growth.
BUY
Was stalled at about $21 but has broken out a little bit. At these levels, you would get a 10%-12% all in return. Some volatility giving you a chance to buy on dips. Good name.
HOLD
(Market Call Minute.) Likes the retail space. Have a bigger fashion concentration than other names.
STRONG BUY
Was considering as a top pick today. Trading around its net asset value. Has been puzzled over the last 6 months why it has not broken out. He is happy to continue to allocate capital to it. 14-15% total return.
DON'T BUY
Basically closed in malls, which has a different mix than the outdoor malls. Have had a number of names that got in trouble with bankruptcy, etc. which has been hurting them. There is nothing in it right now to give it a catalyst to make it jump.
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