Primaris REIT (PMZ.UN.TO) Buy, Sell or Hold

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Primaris REIT (PMZ.UN.TO)

22.27

+0.58 (2.69%)

as of Jun 30, 2026, 8:00:00 pm Market Open.

64 watching

Investor Insights

Jul 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.

Consensus

Positive

Valuation

Undervalued

Similar

CNR.TO

PARTIAL BUY

Retail REIT owning unenclosed power centres and enclosed malls primarily in secondary cities. Have done a lot of redevelopment of their assets that has generated a lot of free cash flow growth. Have $80 million in cash. Good portfolio. At these levels you could pick away at it.

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WAIT

Wonderful balance sheet - often under performs. Wait for it to come back down. High quality organization.

BUY

Primarily enclosed malls with a lot of exposure to high fashion and fashion tenants so could have some losses in tenants. Probably the most bulletproof REIT in Canada with $97 million in cash and no significant debt maturities for 2 years and only $3 million of CapX to fund over the next 2 years. Payout ratio in the low 90’s and the 14% distribution is safe. Do a partial sell whenever it goes over $11.

HOLD

Primarily an owner of enclosed malls in the secondary market. Also own some unenclosed centres. Good management team.

COMMENT

Looking at Riocan (REI.UN-T), Primaris (PMZ.UN-T), H&R (HR.UN-T) and Calloway (CWT.UN-T). Have been pretty well beaten up and the yields are looking very enticing. As an inflation hedge they look very attractive.

BUY

The only REIT in Canada that focuses on enclosed malls. Recently broadened their asset base to also include unenclosed power centres. Pretty cheap at these levels and represents very good value, probably 15% discount to NAV.

BUY

Fairly large REIT that focuses on the middle market such as closed shopping malls. Trades reasonably at about 14X 2008 AFFO cash flow. Management is Oxford Properties, a very seasoned, great management company. Organic growth has done really well. 6.3% yield.

HOLD

Was focused primarily on enclosed malls and centres in the secondary market but has expanded into unenclosed centres, but still in secondary markets. Seems to be delivering on everything they said.

BUY

At an interesting stage where they expanded from just and closed malls and secondary markets to include unenclosed power centres. They are firing on all cylinders. He is looking at this one.

COMMENT

6% yield. Largest shopping centres in a second dairy market. Very Conservative. Very little risk.

TOP PICK

Has a lot of big closed in shopping centres. Best shopping centres in a secondary market. Stock price has dropped more than it should. 7.3% yield.

COMMENT

Shopping centres in smaller markets. Goes through periods of performing very well and then under performs a bit. Generally good value. He buys when it is under priced and then sells again.

BUY

Primarily focused on enclosed shopping centres in secondary cities. Enclosed centres take more capital expenditure for upkeep. Recently bought some open shopping centres, indicating a strategic shift. Currently doing a lot of capital expenditure on 3 properties. Great quality management. Compelling yield.

TOP PICK

Just announced the acquisition of a portfolio of closed/open neighbourhood malls, diversifying their asset base. Banking on a distribution increase.

WEAK BUY

Primaris 's quality is excellent. They deal with secondary markets but these markets are the best in the retail. He has certain reservations that they are going to have cost problems. Appear to be well managed. It is a well run conservative portfolio, gradually expanding. It is a close consideration.

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Most Recent Experts

Jim Cramer - Mad Money

CNBC

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Bruce Murray

The Murray Wealth Group

Joe Terranova

Virtus Investment Partners

Stephanie Link, Chief investment strategist, Hightower

Hightower

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Primaris REIT (PMZ.UN.TO)