Primaris Retail REIT (PMZ.UN-T) Stock Predictions - Stockchase
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Primaris Retail REIT (PMZ.UN-T)

ON STOCKCHASE SINCE May 2005

Acquired by H&R REIT March 2013

property mngmnt/investment

Primaris Retail REIT

PMZ.UN-T

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Primaris Retail REIT (PMZ.UN-T) SAVE Dec, 31, 1969, 7:00 pm

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Signal Opinion Expert
SELL

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

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

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$27.020
Owned Owned
Unknown

COMMENT

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.

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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.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$26.700
Owned Owned
Yes

BUY

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.

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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.

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Michael Missagh

VP & Sr. P, Sentry Investments...

Price Price
$26.610
Owned Owned
Yes

WEAK BUY
Primaris Retail REIT(PMZ.UN-T) 

November 22, 2012

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. 

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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. 

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Andrew Hamlin

VP & Portf, Aston Hill Financial...

Price Price
$23.100
Owned Owned
No

HOLD
Primaris Retail REIT(PMZ.UN-T) 

November 14, 2012

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

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

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$22.730
Owned Owned
No

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.

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(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.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$23.440
Owned Owned
Yes

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.

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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.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$24.250
Owned Owned
Yes

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.

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(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.

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Dennis Mitchell

Executive , Sentry Select Capita...

Price Price
$24.290
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Aug 4/11. Up 23.51%.) Have some great assets. Good management.
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(A Top Pick Aug 4/11. Up 23.51%.) Have some great assets. Good management.
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Dennis Mitchell

Executive , Sentry Select Capita...

Price Price
$23.780
Owned Owned
Yes

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.
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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.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$23.950
Owned Owned
No

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.
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(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.
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Dennis Mitchell

Executive , Sentry Select Capita...

Price Price
$22.400
Owned Owned
Yes

BUY
(Market Call Minute.) Stable cash flow and good management team.
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(Market Call Minute.) Stable cash flow and good management team.
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Ben Cheng

President , Aston Hill Financial...

Price Price
$22.670
Owned Owned
Unknown

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.
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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.
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Dennis Mitchell

Executive , Sentry Select Capita...

Price Price
$23.310
Owned Owned
Yes

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%.
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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%.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$22.780
Owned Owned
Unknown

BUY
(Market Call Minute) Great assets and will continue to do well and have distribution growth.
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(Market Call Minute) Great assets and will continue to do well and have distribution growth.
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David Burrows

President , Barometer Capital Ma...

Price Price
$21.830
Owned Owned
Unknown

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