Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 14.2 million square feet, valued at approximately $4.5 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 | 21.9x | 15.2x | 9.1x | |
PEG Ratio | −0.48 | 0.08 | 0.01 | |
Price/Book | 0.7x | 0.9x | 0.9x | |
Price / LTM Sales | 2.8x | 3.8x | 3.9x | |
Upside (Analyst Target) | 21.3% | 12.4% | 12.6% | |
Fair Value Upside | Unlock | −8.3% | 0.4% | Unlock |