TSE:PMZ.UN

Primaris REIT (PMZ.UN.TO)

22.27
+0.58 (2.69%)
as of Jun 30, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 1, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Primaris REIT (PMZ.UN-T) has garnered attention as a favorable investment choice, with a strong endorsement from experts highlighting its appealing valuation despite the challenges posed by the current economic landscape, including rising interest rates and trade uncertainties. The company is actively working to monetize its real estate portfolio, an effort that could enhance its overall market position. Notably, Primaris is set to leverage its holdings, particularly by bringing old Hudson's Bay square footage to the market, which may generate additional revenue streams. Although the real estate sector faces difficulties, the strategic moves being made by Primaris might provide a buffer against these challenges, making it an intriguing option for potential investors.

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Consensus
Positive
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Valuation
Undervalued
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CNR.TO
TOP PICK
Just reported and was in line with expectations. Lots of value creation historically and lots of value going forward. About 97% occupied. A lot of good things going on with this one. Selling at NAV, so it's cheap.
TOP PICK
Enclosed shopping centres. Not very cheap. Recently acquired big shopping centers in Burlington and Oakville Ontario and have upgraded them quite a bit. Chart looks good. Have always had one of the best balance sheets around.
BUY
Just bought Oakville place and also have Burlington Mall. He bought the convertible debenture. It’s attractive in that they financed it at a discount. There are 5 or so enclosed malls. Riocan is better if you are worried about the economy.
BUY
Going through a dynamic phase of positive change. In the Retail space, own shopping space, they were a big beneficiary of Target coming to Canada in the first round of announcements, solid management, have recently purchased.
TOP PICK
(A Top Pick April 28/10. Up 35.53%.) NAV is about $20.50 so you are buying for what the assets are worth and not pay for any upside or growth. Tons of upside. Lots of cash for accretive acquisitions. Great management.
PAST TOP PICK
(A Top Pick April 28/10. Up 31.04%.)
TOP PICK
Focused on indoor shopping centres and are highly occupied. A lot of its malls are anchored by Zellers, which will soon be Target (TGT-N) stores. Yield of about 6%.
PAST TOP PICK
(Top Pick Jan 19/10, Up 32.08%)
PAST TOP PICK
(Top Pick Jan 19/10, Up 27%) Core name, in closed malls around Canada. Payout ratio has come down decidedly. You could step into it at $19.
BUY
Good, solid, conservative, high-class strip malls. Good income.
BUY
Rumours of takeover are not correct. Great company. Purchased 3 assets recently and with their history they should do great things with them.
COMMENT
Chart shows a very positive upswing. Relatively conservative with one of the best balance sheets in the business. Distribution is solid. Good quality shopping centres in smaller communities. Might be getting a little pricey. Recently sold his holdings.
TOP PICK
Assembled a land parcel on Yonge Street in Toronto where they can potentially do some redeveloping and create significant value. Have done this successfully in the past.
TOP PICK
Retail REIT. Discount to net asset value (6-7%). Great balance sheet, ton of cash, finally deployed some recently, adding about $1 to the stock. Still have good cash balance. His Top, Top Pick.
HOLD
Retail REIT that is more focused on malls rather than big-box stores. One of the strongest balance sheets in the REITs. Valuation is quite reasonable relative to the rest of the group. Little more economically sensitive as the stores are more fashion oriented but bankruptcies have been relatively low to date.
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