Primaris Retail REIT

PMZ.UN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about PMZ.UN-T

Signal
Opinion
Expert
SELL
SELL
January 30, 2013

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

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

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$27.020
Owned
Unknown
COMMENT
COMMENT
January 21, 2013

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.

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$26.700
Owned
Yes
BUY
BUY
January 10, 2013

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.

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.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$26.610
Owned
Yes
WEAK BUY
WEAK BUY
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.

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.

Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$23.100
Owned
No
HOLD
HOLD
November 14, 2012

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

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

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$22.730
Owned
No
BUY
BUY
October 19, 2012

(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.

(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.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$23.440
Owned
Yes
BUY
BUY
October 1, 2012

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.

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$24.250
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 20, 2012

(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.

(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.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$24.290
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 20, 2012
(A Top Pick Aug 4/11. Up 23.51%.) Have some great assets. Good management.
(A Top Pick Aug 4/11. Up 23.51%.) Have some great assets. Good management.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$23.780
Owned
Yes
DON'T BUY
DON'T BUY
July 18, 2012
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.
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.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$23.950
Owned
No
PAST TOP PICK
PAST TOP PICK
June 4, 2012
(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.
(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.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$22.400
Owned
Yes
BUY
BUY
May 9, 2012
(Market Call Minute.) Stable cash flow and good management team.
(Market Call Minute.) Stable cash flow and good management team.
Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$22.670
Owned
Unknown
HOLD
HOLD
May 1, 2012
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.
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.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$23.310
Owned
Yes
COMMENT
COMMENT
April 26, 2012
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%.
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%.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$22.780
Owned
Unknown
BUY
BUY
April 5, 2012
(Market Call Minute) Great assets and will continue to do well and have distribution growth.
(Market Call Minute) Great assets and will continue to do well and have distribution growth.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$21.830
Owned
Unknown
Showing 1 to 15 of 56 entries