Oct 13 close Sign in

Real estate

Primaris REIT (PMZ.UN)

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Buy67 / 100

Buy: 67 is at or above your Buy line of 60. Off the high (−7% from its 1-year high) scores 78 and lifts it; Plays in (53%) scores 53 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightPMZ.UNPointsWeightAdds
Plays in53%534021.2
Off the high−7% from its 1-year high783023.4
Trend+12% vs 200-day753022.5
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for PMZ.UN
FactorPMZ.UNPointsWhat it is
Plays in53%53The share of the plays you count that hold it now.
Analysts' upside+19% · 9 analysts55How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating1.6 · buy72The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E17.3×73Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E12.6×72Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG––P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth.
Price to sales4.2×44Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book1.0×93Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield4.1%81Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth––Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher.
Revenue growth+16%53Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin19%64Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity5%29Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity1.06×27Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high−7% from its 1-year high78How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend+12% vs 200-day75How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum+52%78The price change over the last 12 months. Higher ranks higher.
Low crash exposure2/10 · low80The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on PMZ.UN

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in53 / 100Every play Be The Puck tests, in 7 families.
Crash exposureLow2 of 10 on the storm testMayer Multiple1.12×Price ÷ its 200-day average (+12%). Higher than on 72% of days since 2022. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about PMZ.UN now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

PMZ.UN, day by day

How to read candlesticks

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved PMZ.UN lately

Its 2 biggest moves against the S&P/TSX in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Mon Sep 28+2.6% against the S&P/TSX2.2× a normal day

PMZ.UN +1.7%, the S&P/TSX −0.9% that session; +3.1% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on PMZ.UN was found for this session. Be The Puck's headline archive for PMZ.UN starts Oct 1, so news stories from that day aren't in it. The S&P/TSX moved −0.9%. The 18 other Real estate stocks Be The Puck covers moved 0.0% on average, so most of the move was its own.

Wed Sep 23+3.4% against the S&P/TSX2.9× a normal day

PMZ.UN +1.8%, the S&P/TSX −1.6% that session; +5.1% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on PMZ.UN was found for this session. Be The Puck's headline archive for PMZ.UN starts Oct 1, so news stories from that day aren't in it. The S&P/TSX moved −1.6%. The 18 other Real estate stocks Be The Puck covers moved −0.6% on average, so most of the move was its own.

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on PMZ.UN

All 100 plays, by family.

Calls right: how often the play's calls on PMZ.UN went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2022. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyOUTOct 8, 2026 −0.4%Enter above C$21.65 (+0.9%)20% 31/153+2.1% / +14.4%−31.2% / −23.5%
Bull Market Support BandBenjamin Cowen · weeklyINDec 12, 2025 +45.5%Exit below C$20.95 (−2.4%)17% 4/24+10.6% / +17.8%−18.4% / −21.2%
Ripster EMA CloudRipster · dailyOUTOct 13, 2026 0.0%Enter above C$21.55 (+0.4%)18% 18/99+3.3% / +16.6%−32.2% / −21.2%
Trend TemplateMark Minervini · dailyOUTOct 13, 2026 0.0%Enter above C$21.54 (+0.4%)11% 2/18+7.6% / +17.0%−10.0% / −21.2%
Stage AnalysisStan Weinstein · weeklyINAug 15, 2025 +50.7%Exit below C$20.45 (−4.7%)5% 1/19+8.3% / +19.1%−19.0% / −21.2%
Stage 2 + Mansfield RSStan Weinstein · weeklyINJan 9, 2026 +32.2%Exit below C$20.45 (−4.7%)0% 0/8+8.6% / +17.1%−12.2% / −21.2%
10-Month SMAMeb Faber · month-endINAug 29, 2025 +50.6%Exit below C$19.67 (−8.3%)17% 1/6+15.4% / +17.9%−16.4% / −21.2%
200-Day RulePaul Tudor Jones · dailyINAug 1, 2025 +53.7%Exit below C$19.24 (−10.4%)5% 2/43+7.4% / +19.1%−34.2% / −21.2%
Golden CrossMarket tradition · dailyINJul 14, 2025 +50.7%Not on one close20% 1/5+13.3% / +19.1%−19.9% / −21.2%
Granville 200-DayJoseph E. Granville · dailyINOct 8, 2025 +52.5%Exit below C$19.24 (−10.4%)4% 1/24+9.2% / +16.0%−22.7% / −21.2%
Hull Moving AverageAlan Hull · weeklyINOct 9, 2026 −0.9%Exit below C$20.65 (−3.8%)27% 9/33+4.9% / +17.1%−19.6% / −21.2%
Kaufman Adaptive MAPerry J. Kaufman · dailyOUTOct 8, 2026 −0.4%Enter above C$21.69 (+1.1%)25% 40/157+7.4% / +14.4%−29.1% / −23.5%
TEMA CrossoverPatrick G. Mulloy · dailyINSep 23, 2026 −1.5%Exit below C$19.49 (−9.2%)28% 16/58+5.4% / +15.8%−25.6% / −21.2%
Seykota 15/150Ed Seykota · dailyINNov 3, 2023 +85.2%Not on one close0% 0/4+17.6% / +20.9%−15.0% / −14.1%
Guppy Multiple MAsDaryl Guppy · dailyINSep 29, 2026 −2.4%Exit below C$21.05 (−1.9%)13% 5/39+4.1% / +20.4%−22.1% / −21.2%
Ichimoku CloudGoichi Hosoda · dailyOUTOct 13, 2026 0.0%Enter above C$21.81 (+1.6%)16% 6/38+6.2% / +16.7%−29.0% / −21.2%
SupertrendOlivier Seban · dailyINSep 23, 2026 −1.5%Exit below C$20.90 (−2.6%)34% 11/32+8.5% / +16.3%−21.6% / −23.5%
Williams AlligatorBill Williams · dailyINOct 2, 2026 −3.1%Not on one close35% 28/80+4.9% / +16.3%−25.4% / −23.5%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyINSep 22, 2026 +0.2%Exit below C$21.87 (+1.9%)41% 56/138+10.0% / +15.7%−34.9% / −23.5%
AroonTushar S. Chande · dailyINSep 25, 2026 −0.9%Exit below C$20.03 (−6.6%)37% 20/54+6.2% / +15.7%−29.0% / −23.5%
Parabolic SARJ. Welles Wilder Jr. · dailyOUTOct 6, 2026 −1.1%Enter above C$22.25 (+3.7%)37% 40/109+3.2% / +14.0%−26.7% / −23.5%
ADX TrendJ. Welles Wilder Jr. · dailyOUTOct 6, 2026 −1.1%Enter above C$26.05 (+21.4%)26% 10/38+2.9% / +16.3%−19.3% / −23.5%
MACD Zero LineGerald Appel · dailyINSep 28, 2026 −2.6%Exit below C$20.74 (−3.4%)19% 9/48+3.1% / +14.0%−27.0% / −21.2%
Zweig 4% ModelMartin Zweig · weeklyINOct 2, 2026 −3.1%Exit below C$21.26 (−0.9%)30% 11/37+4.8% / +16.1%−30.6% / −23.5%
MAMA/FAMA CrossJohn F. Ehlers · dailyINSep 24, 2026 +0.2%Exit below C$21.03 (−2.0%)34% 17/50+8.0% / +14.0%−21.7% / −21.2%
Schaff Trend CycleDoug Schaff · dailyINSep 22, 2026 +0.2%Exit below C$21.28 (−0.8%)30% 14/47+11.6% / +15.8%−22.9% / −21.2%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyINSep 28, 2026 −2.6%Exit below C$20.92 (−2.5%)26% 9/35+7.7% / +16.6%−19.1% / −21.2%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyINSep 29, 2026 −2.4%Exit below C$19.71 (−8.2%)26% 6/23+8.0% / +16.6%−19.6% / −21.2%
Elder Triple ScreenAlexander Elder · dailyOUTJul 24, 2026 −5.9%Not on one close58% 14/24+15.4% / +18.6%−8.8% / −21.2%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTMar 9, 2026 +26.6%Not on one close40% 4/10+5.5% / +14.0%−3.4% / −21.2%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyINSep 23, 2026 −1.5%Exit below C$20.03 (−6.6%)27% 9/33+2.3% / +16.3%−35.3% / −23.5%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTAug 6, 2026 −1.9%Enter above C$23.13 (+7.8%)32% 9/28+8.4% / +13.8%−21.3% / −21.2%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTAug 10, 2026 −1.2%Enter above C$23.13 (+7.8%)25% 5/20+5.3% / +13.8%−17.1% / −21.2%
Clenow TrendAndreas F. Clenow · dailyOUTAug 10, 2026 −1.2%Enter above C$22.51 (+4.9%)19% 5/26+3.4% / +16.6%−24.2% / −21.2%
Darvas BoxNicolas Darvas · dailyOUTAug 21, 2026 +0.2%Not on one close31% 8/26+4.8% / +16.3%−17.6% / −23.5%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTAug 6, 2026 −1.9%Enter above C$22.69 (+5.7%)35% 9/26+6.8% / +14.4%−10.6% / −23.5%
Bollinger BreakoutJohn Bollinger · dailyOUTOct 13, 2026 0.0%Enter above C$22.56 (+5.1%)37% 19/52+9.3% / +15.6%−19.6% / −23.5%
Chandelier ExitChuck LeBeau · dailyINSep 23, 2026 −1.5%Exit below C$21.20 (−1.2%)41% 15/37+11.3% / +16.1%−17.0% / −23.5%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyINSep 23, 2026 −1.5%Exit below C$20.96 (−2.3%)39% 15/38+8.3% / +16.3%−18.0% / −23.5%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyINSep 15, 2025 +45.6%Exit below C$19.89 (−7.3%)27% 3/11+7.5% / +18.1%−26.9% / −23.5%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyINSep 22, 2026 +0.2%Exit below C$21.12 (−1.6%)25% 17/67+5.6% / +16.0%−32.1% / −23.5%
Acceleration BandsPrice Headley · dailyOUTJul 21, 2026 −5.2%Not on one close31% 8/26+7.3% / +16.3%−4.0% / −23.5%
TTM SqueezeJohn F. Carter · dailyOUTJun 17, 2026 +7.8%Not on one close46% 17/37+10.1% / +14.4%−7.6% / −23.5%
NR7 BreakoutToby Crabel · dailyINSep 21, 2026 +1.7%Exit below C$21.36 (−0.5%)34% 44/130+11.0% / +15.7%−29.8% / −23.5%
Bollinger SqueezeJohn Bollinger · dailyOUTJan 28, 2026 +35.3%Not on one close31% 5/16+4.9% / +18.6%−8.2% / −21.2%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endINDec 31, 2025 +42.4%Exit below C$15.28 (−28.8%)17% 2/12+9.7% / +15.4%−22.3% / −21.2%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endINOct 31, 2025 +45.7%Not on one close25% 1/4+13.7% / +15.4%−21.2% / −21.2%
Dual MomentumGary Antonacci · month-endINJan 30, 2026 +33.5%Exit below C$16.99 (−20.8%)0% 0/4+6.2% / +15.4%−16.9% / −21.2%
Stocks on the MoveAndreas F. Clenow · dailyINSep 17, 2026 +2.9%Exit below C$21.30 (−0.7%)11% 4/35+7.6% / +16.5%−20.9% / −21.2%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endINMar 28, 2024 +76.0%Exit below C$19.53 (−9.0%)0% 0/3+12.3% / +17.1%−21.1% / −21.2%
Levy Relative StrengthRobert A. Levy · weeklyINSep 25, 2026 −0.9%Exit below C$21.64 (+0.8%)15% 5/33+0.7% / +20.5%−25.8% / −21.2%
MACD Signal CrossGerald Appel · dailyOUTOct 13, 2026 0.0%Enter above C$21.89 (+2.0%)33% 29/88+11.3% / +14.0%−28.3% / −21.2%
Elder ImpulseAlexander Elder · dailyOUTOct 6, 2026 −1.1%Enter above C$21.68 (+1.0%)25% 42/165+6.1% / +14.0%−33.9% / −21.2%
Know Sure ThingMartin J. Pring · dailyINSep 22, 2026 +0.2%Exit below C$19.45 (−9.4%)43% 26/60+13.8% / +13.5%−23.5% / −21.2%
Coppock CurveEdwin S. C. Coppock · month-endOUTJan 31, 2024 +78.6%Not on one close–+4.3% / +24.0%0.0% / −14.1%
CCI +100Donald R. Lambert · dailyOUTOct 5, 2026 −1.3%Enter above C$22.40 (+4.4%)31% 35/114+9.4% / +16.3%−21.8% / −23.5%
TRIX Signal CrossJack K. Hutson · dailyINSep 23, 2026 −1.5%Exit below C$16.58 (−22.7%)34% 19/56+8.6% / +16.6%−25.5% / −21.2%
TSI Zero LineWilliam Blau · dailyINSep 28, 2026 −2.6%Exit below C$20.68 (−3.6%)17% 8/47+4.5% / +16.6%−25.8% / −21.2%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endINJul 31, 2025 +54.1%Exit below C$21.30 (−0.7%)17% 3/18+9.0% / +15.4%−21.6% / −21.2%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endINOct 31, 2025 +45.7%Not on one close50% 1/2+31.9% / +32.4%−12.6% / −12.6%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyINOct 31, 2025 +45.7%Not on one close43% 3/7+17.6% / +15.4%−14.1% / −21.2%
PMO Signal CrossCarl Swenlin · dailyINSep 23, 2026 −1.5%Exit below C$21.24 (−1.0%)28% 18/64+8.8% / +15.8%−26.0% / −21.2%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyOUTSep 16, 2025 +46.2%Not on one close90% 9/10+19.0% / +16.2%−11.9% / −23.5%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTSep 14, 2026 +2.7%Buy C$19.24–C$21.31 (−0.7%)65% 35/54+4.2% / +19.1%−11.0% / −21.2%
Double 7sLarry Connors & Cesar Alvarez · dailyINOct 6, 2026 −1.1%Sell above C$21.75 (+1.4%)64% 57/89+7.9% / +19.1%−13.9% / −21.2%
Bollinger ReversionJohn Bollinger · dailyOUTSep 21, 2026 +1.7%Buy below C$20.59 (−4.1%)62% 25/40+12.3% / +15.6%−11.9% / −23.5%
Stochastic 20/80George C. Lane · dailyOUTSep 25, 2026 −0.9%Not on one close64% 23/36+11.1% / +15.7%−17.0% / −23.5%
Williams %RLarry Williams · dailyOUTSep 24, 2026 +0.2%Enter above C$21.51 (+0.2%)60% 36/60+9.6% / +15.7%−13.8% / −23.5%
DeMark 9-CountTom DeMark · dailyOUTApr 7, 2026 +22.1%Not on one close71% 10/14+12.5% / +16.9%−12.6% / −23.5%
Mayer MultipleTrace Mayer · dailyINOct 20, 2022 +101.0%Sell above C$46.50 (+116.7%)–+19.1% / +19.1%−21.2% / −21.2%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTAug 10, 2022 +85.3%Not on one close–+4.5% / +15.8%0.0% / −21.2%
Laguerre RSIJohn F. Ehlers · dailyOUTSep 24, 2026 +0.2%Enter above C$21.81 (+1.6%)38% 26/68+2.0% / +14.4%−19.4% / −23.5%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyOUTSep 24, 2026 +0.2%Enter above C$21.63 (+0.8%)45% 38/84+1.2% / +14.4%−19.1% / −23.5%
IBS ReversionAlexander S. Pagonidis · dailyINOct 13, 2026 0.0%Sell above C$21.46 (0.0%)58% 239/410+4.9% / +16.2%−19.5% / −23.5%
Connors %bLarry Connors & Cesar Alvarez · dailyOUTSep 23, 2026 −1.5%Not on one close50% 7/14+8.0% / +19.1%−6.7% / −21.2%
Fisher TransformJohn F. Ehlers · dailyOUTOct 5, 2026 −1.3%Enter above C$22.17 (+3.3%)40% 86/216+6.3% / +14.0%−31.3% / −21.2%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endOUTSep 30, 2026 −3.3%Buy below C$22.65 (+5.5%)85% 22/26+20.7% / +15.4%−15.9% / −23.5%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyOUTOct 13, 2026 0.0%Enter above C$21.46 (+0.0%)23% 30/130+5.3% / +15.6%−22.6% / −23.5%
Chaikin Money FlowMarc Chaikin · dailyINSep 15, 2026 +3.9%Not on one close51% 27/53+7.8% / +16.3%−23.0% / −23.5%
Money Flow IndexGene Quong & Avrum Soudack · dailyOUTJan 20, 2026 +32.3%Not on one close67% 8/12+10.4% / +16.2%−16.1% / −23.5%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyINSep 28, 2026 −2.6%Not on one close29% 10/34+3.4% / +16.1%−27.8% / −21.2%
Force IndexAlexander Elder · dailyOUTOct 8, 2026 −0.4%Enter above C$21.69 (+1.1%)28% 41/147+5.4% / +16.2%−29.9% / −23.5%
Buff AveragesBuff Dormeier · dailyINSep 23, 2026 −1.5%Exit below C$21.37 (−0.4%)36% 31/86+6.8% / +15.6%−37.9% / −23.5%
Chaikin OscillatorMarc Chaikin · dailyINSep 15, 2026 +3.9%Exit below C$21.46 (0.0%)33% 45/137+0.9% / +16.3%−38.8% / −23.5%
Volume Flow IndicatorMarkos Katsanos · dailyINNov 1, 2023 +97.6%Not on one close12% 1/8+11.8% / +16.5%−27.5% / −21.2%
Klinger OscillatorStephen J. Klinger · dailyOUTOct 6, 2026 −1.1%Buy C$21.62–C$24.83 (+0.8%)33% 63/192+11.0% / +19.4%−15.4% / −21.2%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyINJul 14, 2026 −3.4%Not on one close56% 22/39+6.6% / +15.9%−23.8% / −23.5%
HikkakeDaniel L. Chesler · dailyOUTSep 9, 2026 +2.9%Not on one close28% 5/18+7.5% / +18.4%−15.2% / −23.5%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTSep 1, 2026 +2.8%Not on one close29% 4/14+3.3% / +15.8%−3.8% / −23.5%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 +15.7%Buys Oct 3044% 4/9+8.0% / +16.2%−16.8% / −23.5%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyOUTApr 22, 2026 +17.6%Enter above C$22.31 (+4.0%)50% 4/8+7.2% / +14.0%−20.7% / −21.2%
Seasonal TimingSy Harding · dailyOUTApr 29, 2026 +15.4%Window opens Oct 1650% 4/8+5.6% / +14.0%−21.1% / −21.2%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 +37.7%Buys Dec 2350% 4/8+5.6% / +16.2%−2.3% / −23.5%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 −1.3%Buys Oct 2949% 56/114+11.5% / +16.2%−11.2% / −23.5%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 −3.3%Sells Jun 3033% 1/3+4.6% / +16.2%−21.2% / −23.5%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 +1.8%Buys Nov 2453% 48/90+8.9% / +16.2%−2.7% / −23.5%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 +81.0%Not on one close–+17.1% / +17.1%−21.2% / −21.2%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 13, 2026 0.0%Sells Oct 1650% 250/497+13.7% / +16.2%−22.9% / −23.5%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 +4.2%Buys Oct 2742% 32/76+7.7% / +16.2%−3.0% / −23.5%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 −3.1%Sells Oct 1649% 58/118+3.9% / +16.2%−19.3% / −23.5%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINJan 5, 2022Always in–+18.5%−23.5%

If the market cracks: the storm test

How the storm test works
ExposureLow2 of 10 points
  • Market swings0/3
  • Past crashes0/2
  • Debt2/3
  • Run-up0/2
  • It operating profit covers interest only 2.7×.

Past crashes, peak to low

Too young to have lived through a market crash, so there is no crash record to read.

  • Beta0.77Moves about 0.8× as much as the TSX week to week.
  • Downside capture61%In months the TSX fell, this fell 61% as much on average.
  • Two-year change+53%Run-ups of 100%+ crashed 40% or more within two years about half the time (Greenwood, Shleifer & You).
  • From 52-week high−7%
  • Debt to equity1.05×
  • Net debt / EBITDA7.6×Years of operating cash earnings it would take to pay off its debt.
  • Interest cover2.7×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

REIT - Retail · Primaris Real Estate Investment Trust 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 14.6 million square feet, valued at approximately 5.2 billion US dollars at Primaris' share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform.

Size and valuation
Market capC$3.0BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)C$699MTotal sales. The market values it at 4.2× sales.
P/E ratio17.3×Buyers pay C$17 for each C$1 of the last year's profit.
Forward P/E12.6×Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book1.0×Price against the company's net assets (its equity) per share.
Profit and growth
Profit margin18.6%Keeps 19¢ of each dollar of sales as profit.
Revenue growth+15.5%Last quarter's sales against the same quarter a year earlier.
Return on equity5.4%Yearly profit as a share of shareholders' money in the business.
Free cash flowC$401MCash left after running and investing in the business.
Balance sheet
Total equityC$2.5BWhat it owns minus what it owes.
Total debtC$2.7BLoans and bonds it has to pay back, with interest.
CashC$45.1MCash and short-term investments on hand.
Debt to equity1.05×Moderate.
Interest cover2.7×Operating profit divided by interest. Under 2× means one bad year could make the interest hard to pay.
Wall Street
Average analyst targetC$25.5019% above the close, from 9 analysts (range C$24.00 to C$26.00).
Consensus ratingBuyAnalysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield4.06%Yearly dividends as a share of the price.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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