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Primaris REIT Unit - Series A PMZ.UN

Morningstar Rating
CAD 13.12 −0.24 (1.80%)
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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

PMZ.UN is trading within a range we consider fairly valued.
Price
CAD 13.17
Fair Value
CAD 88.19
Uncertainty
High
1-Star Price
CAD 18.26
5-Star Price
CAD 19.79
Economic Moat
Vkts
Capital Allocation
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News

Trading Information

Previous Close Price
CAD 13.36
Day Range
CAD 13.0713.42
52-Week Range
CAD 12.1114.24
Bid/Ask
CAD 13.07 / CAD 13.12
Market Cap
CAD 1.26 Bil
Volume/Avg
279,487 / 131,954

Key Statistics

Price/Earnings (Normalized)
8.54
Price/Sales
2.92
Dividend Yield (Trailing)
6.32%
Dividend Yield (Forward)
6.40%
Total Yield
9.93%

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 Value
Total Number of Employees
450

Comparables

Valuation

Metric
PMZ.UN
MRT.UN
BTB.UN
Price/Earnings (Normalized)
8.546.298.20
Price/Book Value
0.590.370.57
Price/Sales
2.921.342.13
Price/Cash Flow
7.986.777.49
Price/Earnings
PMZ.UN
MRT.UN
BTB.UN

Financial Strength

Metric
PMZ.UN
MRT.UN
BTB.UN
Quick Ratio
0.210.030.12
Current Ratio
0.210.130.15
Interest Coverage
2.77−0.681.92
Quick Ratio
PMZ.UN
MRT.UN
BTB.UN

Profitability

Metric
PMZ.UN
MRT.UN
BTB.UN
Return on Assets (Normalized)
3.21%−4.58%2.92%
Return on Equity (Normalized)
5.46%−10.79%7.52%
Return on Invested Capital (Normalized)
4.35%−1.90%4.66%
Return on Assets
PMZ.UN
MRT.UN
BTB.UN
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REIT - Retail Industry Comparables

1-Day Chart
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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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Federal Realty Investment Trust
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Macerich Co
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