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TSX

Primaris Real Estate Investment Trust

PMZ-UN.TOReal EstateREIT - Retail
Current Price
$17.30
Today's Change
+1.05%
Market Cap
$2.04B
Volume
324.80K

💡 Quick Take

Primaris Properties, part of H&R REIT, focuses on retail real estate in Canada. Key strengths include a solid FFO of $307.61M and a low FFO payout ratio of 33.1%, indicating strong cash flow management and sustainability of its 5.02% distribution yield. However, the price/FFO ratio of 6.60x suggests potential undervaluation despite a healthy net margin of 28.2%. Overall, while the company shows robust financial health, the low valuation relative to its margins may warrant further investigation into market perceptions.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$17.49
52 Week Low$13.17
Avg Volume268.70K
Beta1.02
Shares Outstanding117.91M

🔥 Valuation

Market Cap$2.04B
FFO/Share$2.61
Price/FFO6.60x
Distribution Yield5.02%
Property TypeRetail

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🚩 Red Flags

No significant red flags identified

This company appears financially healthy on available metrics

🌟 Opportunities

💪

Positive FFO indicates healthy cash generation from property operations.

🚀

FFO payout ratio of 33.1% provides comfortable cushion for distribution growth and reinvestment.

💪

Attractive distribution yield of 5.02% offers compelling income opportunity for investors.

🚀

Conservative debt-to-assets ratio of 41.4% provides financial flexibility for acquisitions and growth.

💪

Positive net income demonstrates strong operational performance beyond FFO metrics.

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