TSE:PMZ.UN

13.86
0.41 (3.05%) 1d
0

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5 Best Industrial REITs for Canadians
HOLD
Primaris REIT
It has done well this year, trading between $12-16, now in the upper end. They were a spun-out of H&R REIT and came out with a clean balance sheet. They've prudently bought back shares. They keep meeting their benchmarks each quarter. It's appropriately valued. Do you want to own malls long-term? You think stores will continue to grow? If so, this is a good REIT. Many of their assets have an alternative use long-term. A solid hold and a trade.
property mngmnt / investment
BUY
Primaris REIT
Owns it in an income-seeking mandate he manages. Office portfolio spun off from HR.UN, which makes sense. Total return and income prospects are sustainable and compelling. Comfortable buying at these levels.
property mngmnt / investment
SELL
Primaris REIT

At $28 it is pretty fully valued. He would tender to H&R. You are getting full value.

property mngmnt / investment
COMMENT
Primaris REIT

Fundamentals are good. Leasing spreads were up 8.7% last quarter. H&R Reit (HR.UN-T) has made a bid to acquire them and it looks like this will go through. If this still works, the economy is going to have to be good for retail. H&R is probably going to be coming to market to issue equity. Fundamentals are still in place for REITs.

property mngmnt / investment
BUY
Primaris REIT

Offer made for $26, but he feels it is worth $28-$29. Enclosed shopping malls in Canada. Thinks the portfolio has a lot of value. Target is taking up a lot of locations in their malls. He would prefer it to continue to trade.

property mngmnt / investment
WEAK BUY
Primaris REIT

Fairly well distributed portfolio. Bought two malls recently and they are doing the right things. Got an upgrade to investment grade status. 5-5.5% dividend and modest capital appreciation. He prefers larger companies like REI.UN-T. They have access to capital and had quite a sell off.

property mngmnt / investment
HOLD
Primaris REIT

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

property mngmnt / investment
BUY
Primaris REIT

(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.

property mngmnt / investment
BUY
Primaris REIT

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.

property mngmnt / investment
PAST TOP PICK
Primaris REIT

(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.

property mngmnt / investment
PAST TOP PICK
Primaris REIT
(A Top Pick Aug 4/11. Up 23.51%.) Have some great assets. Good management.
property mngmnt / investment
DON'T BUY
Primaris REIT
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.
property mngmnt / investment
PAST TOP PICK
Primaris REIT
(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.
property mngmnt / investment
BUY
Primaris REIT
(Market Call Minute.) Stable cash flow and good management team.
property mngmnt / investment
HOLD
Primaris REIT
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.
property mngmnt / investment
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Primaris REIT(PMZ.UN-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Primaris REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Primaris REIT(PMZ.UN-T) Frequently Asked Questions

What is Primaris REIT stock symbol?

Primaris REIT is a Canadian stock, trading under the symbol PMZ.UN-T on the Toronto Stock Exchange (PMZ.UN-CT). It is usually referred to as TSX:PMZ.UN or PMZ.UN-T

Is Primaris REIT a buy or a sell?

In the last year, there was no coverage of Primaris REIT published on Stockchase.

Is Primaris REIT a good investment or a top pick?

Primaris REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Primaris REIT.

Why is Primaris REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Primaris REIT worth watching?

0 stock analysts on Stockchase covered Primaris REIT In the last year. It is a trending stock that is worth watching.

What is Primaris REIT stock price?

On 2024-07-22, Primaris REIT (PMZ.UN-T) stock closed at a price of $13.86.