Analyst RecommendationAnalysts have given a buy rating for Primaris Real Estate Investment Trust stock.
Financial PerformanceThe acquisition of Les Galeries de la Capitale is expected to be modestly accretive to FFO per unit with net debt to EBITDA remaining below 6.0x, showing financial discipline.
Investment OpportunityPrimaris currently trades at an 8.9% implied cap rate, or a 29.1% discount to NAV estimate, offering a potential value opportunity.