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

Primaris REIT (PMZ.UN.TO)

20.42

+0.24 (1.19%)

as of Jun 18, 2026, 1:55:18 pm Market Open.

13 watching

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%.

BUY

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

BUY

Was stalled at about $21 but has broken out a little bit. At these levels, you would get a 10%-12% all in return. Some volatility giving you a chance to buy on dips. Good name.

HOLD

(Market Call Minute.) Likes the retail space. Have a bigger fashion concentration than other names.

STRONG BUY

Was considering as a top pick today. Trading around its net asset value. Has been puzzled over the last 6 months why it has not broken out. He is happy to continue to allocate capital to it. 14-15% total return.

DON'T BUY

Basically closed in malls, which has a different mix than the outdoor malls. Have had a number of names that got in trouble with bankruptcy, etc. which has been hurting them. There is nothing in it right now to give it a catalyst to make it jump.

BUY

Regional malls, in generally secondary markets in Saskatoon, Regina, Toronto, Guelph. NAV is about $20.50, so one of the few Canadian REITs that you can buy at a discount.

WEAK BUY

Changed its spots recently. Considered a little bit of a sleeper. Recently bought a large portfolio and got some very good product with it. Retail is not going to boom. Good management. Doesn’t put a heavy weighting on it. You have to buy and sell at the right time.

TOP PICK

Just reported and was in line with expectations. Lots of value creation historically and lots of value going forward. About 97% occupied. A lot of good things going on with this one. Selling at NAV, so it's cheap.

TOP PICK

Enclosed shopping centres. Not very cheap. Recently acquired big shopping centers in Burlington and Oakville Ontario and have upgraded them quite a bit. Chart looks good. Have always had one of the best balance sheets around.

BUY

Just bought Oakville place and also have Burlington Mall. He bought the convertible debenture. It’s attractive in that they financed it at a discount. There are 5 or so enclosed malls. Riocan is better if you are worried about the economy.

BUY

Going through a dynamic phase of positive change. In the Retail space, own shopping space, they were a big beneficiary of Target coming to Canada in the first round of announcements, solid management, have recently purchased.

TOP PICK

(A Top Pick April 28/10. Up 35.53%.) NAV is about $20.50 so you are buying for what the assets are worth and not pay for any upside or growth. Tons of upside. Lots of cash for accretive acquisitions. Great management.

PAST TOP PICK

(A Top Pick April 28/10. Up 31.04%.)

TOP PICK

Focused on indoor shopping centres and are highly occupied. A lot of its malls are anchored by Zellers, which will soon be Target (TGT-N) stores. Yield of about 6%.

Showing 16 to 30 of 58 entries

Most Recent Experts

Stockchase Insights

5i Research

Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

David Burrows

Barometer Capital Management

Jim Cramer - Mad Money

CNBC

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

Primaris REIT (PMZ.UN.TO)