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
BUY
BUY
October 29, 2010
Good, solid, conservative, high-class strip malls. Good income.
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Good, solid, conservative, high-class strip malls. Good income.
BUY
BUY
August 20, 2010
Rumours of takeover are not correct. Great company. Purchased 3 assets recently and with their history they should do great things with them.
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Rumours of takeover are not correct. Great company. Purchased 3 assets recently and with their history they should do great things with them.
COMMENT
COMMENT
August 3, 2010
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.
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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
TOP PICK
April 28, 2010
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.
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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
TOP PICK
January 19, 2010
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.
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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
HOLD
September 11, 2009
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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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.
PARTIAL BUY
PARTIAL BUY
June 3, 2009
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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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.
WAIT
WAIT
April 29, 2009
Wonderful balance sheet - often under performs. Wait for it to come back down. High quality organization.
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Wonderful balance sheet - often under performs. Wait for it to come back down. High quality organization.
BUY
BUY
March 17, 2009
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.
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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
HOLD
August 13, 2008
Primarily an owner of enclosed malls in the secondary market. Also own some unenclosed centres. Good management team.
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Primarily an owner of enclosed malls in the secondary market. Also own some unenclosed centres. Good management team.
COMMENT
COMMENT
December 28, 2007
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.
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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
BUY
December 7, 2007
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.
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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
BUY
October 3, 2007
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.
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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
HOLD
September 4, 2007
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.
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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
BUY
August 16, 2007
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.
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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.
Showing 31 to 45 of 56 entries