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

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Primaris REIT (PMZ.UN.TO)

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20.36

+0.18 (0.87%)

as of Jun 18, 2026, 2:14:12 pm Market Open.

13 watching

PAST TOP PICK

(Top Pick Jan 19/10, Up 32.08%)

PAST TOP PICK

(Top Pick Jan 19/10, Up 27%) Core name, in closed malls around Canada. Payout ratio has come down decidedly. You could step into it at $19.

BUY

Good, solid, conservative, high-class strip malls. Good income.

BUY

Rumours of takeover are not correct. Great company. Purchased 3 assets recently and with their history they should do great things with them.

COMMENT

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

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

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

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

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

Wonderful balance sheet - often under performs. Wait for it to come back down. High quality organization.

BUY

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

Primarily an owner of enclosed malls in the secondary market. Also own some unenclosed centres. Good management team.

COMMENT

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

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

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.

Showing 31 to 45 of 58 entries

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Primaris REIT (PMZ.UN.TO)