Primaris REIT Unit - Series A PMZ.UN
About Quantitative Ratings
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News
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Primaris REIT Announces Distribution for April 2024
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Primaris REIT Announces AGM and Financial Results Release Date, Webcast, and Conference Call
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Primaris Announces Opening of Simons at the Halifax Shopping Centre
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Primaris REIT Announces Distribution for March 2024
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Primaris REIT Renews Normal Course Issuer Bid
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Primaris REIT Announces Strong Q4/23 and Full Year 2023 Results
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Primaris REIT Announces Distribution for February 2024
Trading Information
- Previous Close Price
- CAD 13.22
- Day Range
- CAD 13.06–13.36
- 52-Week Range
- CAD 12.11–14.24
- Bid/Ask
- CAD 13.00 / CAD 13.50
- Market Cap
- CAD 1.27 Bil
- Volume/Avg
- 105,402 / 134,517
Key Statistics
- Price/Earnings (Normalized)
- 8.56
- Price/Sales
- 3.09
- Dividend Yield (Trailing)
- 6.30%
- Dividend Yield (Forward)
- 6.39%
- Total Yield
- 11.08%
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 primarily in secondary Canadian markets. Its property portfolio includes; Dufferin Mall, Stone Road Mall, Orchard Park, 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
- 450
- Website
- https://www.primarisreit.com
Comparables
Valuation
Metric
|
PMZ.UN
|
BTB.UN
|
NXR.UN
|
---|---|---|---|
Price/Earnings (Normalized) | 8.56 | 7.68 | 11.58 |
Price/Book Value | 0.60 | 0.57 | 0.48 |
Price/Sales | 3.09 | 2.12 | 3.03 |
Price/Cash Flow | 8.05 | 7.14 | 9.62 |
Price/Earnings
PMZ.UN
BTB.UN
NXR.UN
Financial Strength
Metric
|
PMZ.UN
|
BTB.UN
|
NXR.UN
|
---|---|---|---|
Quick Ratio | 0.30 | 0.08 | 0.10 |
Current Ratio | 0.30 | 0.09 | 0.37 |
Interest Coverage | 2.81 | 2.00 | 4.85 |
Quick Ratio
PMZ.UN
BTB.UN
NXR.UN
Profitability
Metric
|
PMZ.UN
|
BTB.UN
|
NXR.UN
|
---|---|---|---|
Return on Assets (Normalized) | 3.14% | 3.11% | 7.70% |
Return on Equity (Normalized) | 5.14% | 8.02% | 18.29% |
Return on Invested Capital (Normalized) | 4.37% | 5.21% | 10.25% |
Return on Assets
PMZ.UN
BTB.UN
NXR.UN
REIT - Retail Industry Comparables
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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SPG
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O
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KIM
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UNIRF
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UNBLF
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LKREF
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REG
| Regency Centers Corp | Qdtnygmr | Cqvps | $10.9 Bil | |
STGPF
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FRT
| Federal Realty Investment Trust | Prbnfsnrnb | Gjhz | $8.6 Bil | |
MAC
| Macerich Co | Snmjqsts | Wrfzt | $3.5 Bil |