Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.
Metrics to compare | PMZ_u | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipPMZ_uPeersSector | |
---|---|---|---|---|
P/E Ratio | 19.8x | 15.4x | 8.3x | |
PEG Ratio | −0.76 | 0.03 | 0.01 | |
Price/Book | 0.7x | 0.9x | 0.9x | |
Price / LTM Sales | 3.1x | 4.9x | 3.7x | |
Upside (Analyst Target) | 17.5% | 13.1% | 18.0% | |
Fair Value Upside | Unlock | −9.4% | 3.3% | Unlock |