Primaris REIT Unit - Series A PMREF

Morningstar Rating
$15.71 −0.79 (4.77%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

PMREF is trading at a LOCK|JB$@h> premium.
Price
$15.71
Fair Value
LOCK|.BS#c$%
Uncertainty
LOCK|@NFcW
1-Star Price
LOCK|.bhy>>>%
5-Star Price
LOCK|.q<WZlk
Economic Moat
LOCK|$bh
Capital Allocation

Trading Information

Previous Close Price
$16.50
Day Range
$15.7115.71
52-Week Range
$10.4446.44
Bid/Ask
$10.92 / $17.33
Shares Outstanding
118.07M
Market Cap
$1.85B
Volume/Avg
29,665 / 200,521

Key Statistics

Price/Earnings (Normalized)
13.32
Price/Sales
3.39
Dividend Yield (Trailing)
4.01%
Dividend Yield (Forward)
4.01%
Total Yield
4.01%

Company Profile

Primaris REIT is an unincorporated, open-ended real estate investment trust. Through its subsidiaries, it owns, develops, and operates a national retail portfolio focused on enclosed shopping centres located in secondary Canadian markets. Its property portfolio includes: Dufferin Mall, Cataraqui Centre, Stone Road Mall, Orchard Park, Kildonan Place, Halifax Shopping Centre, Marlborough Mall, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.
Sector
Real Estate
Industry
REIT - Retail
Stock Style Box
Small Core
Total Number of Employees
700

Valuation

Metric
PMREF
Price/Earnings (Normalized)
13.32
Price/Book Value
1.05
Price/Sales
3.39
Price/Cash Flow
11.73
Price/Earnings
PMREF

Financial Strength

Metric
PMREF
Quick Ratio
0.12
Current Ratio
0.44
Interest Coverage
2.13
Quick Ratio
PMREF

Profitability

Metric
PMREF
Return on Assets (Normalized)
4.25%
Return on Equity (Normalized)
8.94%
Return on Invested Capital (Normalized)
6.86%
Return on Assets
PMREF

REIT - Retail Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Simon Property Group Inc
SPG
LOCK|P^T>J&Q@LOCK|Q@$72B
Realty Income Corp
O
LOCK|@fRtSn#rLOCK|^b&$59B
Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP.
UNBLF
LOCK|zJ$17B
Unibail-Rodamco-Westfield ADR
URMCY
LOCK|C<$17B
Kimco Realty Corp
KIM
LOCK|>qy<xM<LOCK|?y$16B
CapitaLand Integrated Commercial Trust
CPAMF
LOCK|RYKj<$15B
Scentre Group
STGPF
LOCK|gYXj@$15B
Regency Centers Corp
REG
LOCK|$^YWs^LOCK|L@x$14B
Federal Realty Investment Trust
FRT
LOCK|!b&!&n<LOCK|y>$10B
Macerich Co
MAC
LOCK|T!%nv&TLOCK|Ms%$7B

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