PRIMARIS REAL ESTATE INVESTMENT TRUST |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.8 CAD | -1.01% |
|
-4.33% | -7.25% |
| 05-02 | Primaris Real Estate Investment Trust Announces Board Changes | CI |
| 05-02 | Transcript : Primaris Real Estate Investment Trust, Q1 2024 Earnings Call, May 02, 2024 |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Capitalization 1 | 1,436 | 1,339 | 1,245 | - |
| Enterprise Value (EV) 1 | 1,436 | 1,339 | 2,664 | 2,643 |
| P/E ratio | - | - | - | - |
| Yield | 5.48% | 5.96% | 6.5% | 6.6% |
| Capitalization / Revenue | 3.78 x | 3.26 x | 2.61 x | 2.52 x |
| EV / Revenue | 3.78 x | 3.26 x | 5.58 x | 5.34 x |
| EV / EBITDA | 7.67 x | 6.49 x | 10.9 x | 10.5 x |
| EV / FCF | - | - | - | - |
| FCF Yield | - | - | - | - |
| Price to Book | - | - | - | - |
| Nbr of stocks (in thousands) | 98,107 | 97,006 | 96,273 | - |
| Reference price 2 | 14.64 | 13.80 | 12.93 | 12.93 |
| Announcement Date | 28/02/23 | 14/02/24 | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net sales 1 | 254 | 380.1 | 411 | 477.5 | 494.6 |
| EBITDA 1 | 128.1 | 187.3 | 206.2 | 244.4 | 252.3 |
| EBIT | - | - | - | - | - |
| Operating Margin | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - |
| Net income | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| EPS | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - |
| FCF margin | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - |
| Dividend per Share 2 | - | 0.8020 | 0.8220 | 0.8400 | 0.8533 |
| Announcement Date | 04/03/22 | 28/02/23 | 14/02/24 | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 91.77 | 94.34 | 94.15 | 99.8 | 96.37 | 95.96 | - | 113.8 | - | 119 | 118.6 | 122.2 |
| EBITDA 1 | 43.76 | 47.4 | 48.86 | 47.32 | 46.42 | 48.96 | 54.65 | 56.21 | 58.54 | 60.85 | 60.09 | 63.54 |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | 35.59 | - | - | - | - | - | - | - |
| Net income | - | - | - | - | 35.59 | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | 36.93% | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2000 | - | - | - | 0.2050 | 0.2050 | - | - | - | 0.2100 | 0.2100 | 0.2100 |
| Announcement Date | 03/05/22 | 03/08/22 | 02/11/22 | 28/02/23 | 03/05/23 | 03/08/23 | 02/11/23 | 14/02/24 | 01/05/24 | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 1,419 | 1,398 |
| Net Cash position 1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 5.806 x | 5.54 x |
| Free Cash Flow | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - |
| Assets | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - |
| Capex | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - |
| Announcement Date | 04/03/22 | 28/02/23 | 14/02/24 | - | - |
1CAD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
12.93
CAD
Average target price
16.61
CAD
Spread / Average Target
+28.44%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -7.25% | 912M | |
| -8.58% | 46.08B | |
| -8.79% | 20.33B | |
| +0.68% | 15.44B | |
| +8.64% | 11.1B | |
| -4.37% | 9.79B | |
| -15.51% | 8.34B | |
| -3.78% | 8.24B | |
| +2.27% | 7.8B | |
| -7.85% | 5.39B |
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