Primaris REIT Unit - Series A PMZ.UN
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.
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News
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Primaris REIT Announces Distribution for May 2024
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Primaris REIT Announces 2024 Annual General Meeting Voting Results
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Primaris REIT Announces Strong Q1/24 and Raises Guidance
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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
Trading Information
- Previous Close Price
- CAD 13.51
- Day Range
- CAD 13.41–13.54
- 52-Week Range
- CAD 12.11–14.24
- Bid/Ask
- CAD 13.44 / CAD 13.56
- Market Cap
- CAD 1.30 Bil
- Volume/Avg
- 129,013 / 129,582
Key Statistics
- Price/Earnings (Normalized)
- 8.79
- Price/Sales
- 3.17
- Dividend Yield (Trailing)
- 6.13%
- Dividend Yield (Forward)
- 6.21%
- Total Yield
- 10.79%
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) | 8.79 | 8.57 | 12.59 |
Price/Book Value | 0.62 | 0.59 | 0.48 |
Price/Sales | 3.17 | 2.23 | 3.02 |
Price/Cash Flow | 8.27 | 7.83 | 10.40 |
Price/Earnings
PMZ.UN
BTB.UN
NXR.UN
Financial Strength
Metric
|
PMZ.UN
|
BTB.UN
|
NXR.UN
|
---|---|---|---|
Quick Ratio | 0.30 | 0.12 | 0.04 |
Current Ratio | 0.30 | 0.15 | 0.46 |
Interest Coverage | 2.81 | 1.92 | 5.28 |
Quick Ratio
PMZ.UN
BTB.UN
NXR.UN
Profitability
Metric
|
PMZ.UN
|
BTB.UN
|
NXR.UN
|
---|---|---|---|
Return on Assets (Normalized) | 3.14% | 2.92% | 8.64% |
Return on Equity (Normalized) | 5.14% | 7.52% | 20.83% |
Return on Invested Capital (Normalized) | 4.37% | 4.66% | 11.08% |
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
|
---|---|---|---|---|---|
SPG
| Simon Property Group Inc | Cwzvygkpk | Ymmp | $48.5 Bil | |
O
| Realty Income Corp | Sqrmhcdbb | Nyhy | $48.0 Bil | |
KIM
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UNIRF
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UNBLF
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LKREF
| Link Real Estate Investment Trust | — | Bskb | $11.9 Bil | |
REG
| Regency Centers Corp | Jdpzrzkl | Gztd | $11.3 Bil | |
STGPF
| Scentre Group | — | Zsxy | $11.1 Bil | |
FRT
| Federal Realty Investment Trust | Lbvwhlhny | Pbx | $8.5 Bil | |
MAC
| Macerich Co | Ptqbvplc | Wpybb | $3.3 Bil |