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Presima Inc.

Address

1000 place Jean-Paul-Riopelle
Montreal Herald Building, Suite E-400
Montreal, Quebec H2Z 2B6
(514) 673 - 1375
Toll Free: (866) 854 - 8899
information@presima.com
www.presima.com

Principal Contacts

Francois Forget
EVP, Global Head of Client Services & Business Development
Tel: (514) 673 - 1317
fforget@presima.com

Client Minimums

Has no minimum for private clients.

Institutional: $5,000,000

Types of Accounts Managed

  • Institutional Investor - Pension Plan
  • Institutional Investor - Non-Profit
  • Institutional Investor - First Nations
  • Institutional Investor - Other

Provinces of Business

  • Alberta
  • British Columbia
  • Nova Scotia
  • Ontario
  • Quebec*

* indicates a physical location in this province

Presima is a specialist boutique focused exclusively on global real estate securities. With a track record dating back to 1999, we have developed both knowledge and expertise in the sphere of global real estate securities. We provide outcome oriented solutions to our clients buy building carefully crafted portfolios of our best investment opportunities. Presima has established a hard capacity limit so it can remain small and nimble and continue to deliver for its clients. Presima believes the firm’s “one team, one location” approach ensures consistency in the investment process and that only the best ideas make it in the portfolios. Our fundamental approach to investing and disciplined underwriting process reinforces our goal of always doing what is right for our clients. The nature of the listed market can lead to divergences between stock prices and intrinsic value of the underlying real estate and it is what we seek to exploit in our portfolio construction process. We are focused on serving an institutional client base and are proud to count as clients some of the most sophisticated institutions in Australia, the United States and Canada. www.presima.com

Investment philosophy

  1. REITs are real estate: REITs are typically correlated to stocks in the short term, but we believe they perform like real estate over the medium to long-term.

  2. Mispricings do occur: The nature of the listed market can lead to divergences between stock prices and intrinsic value, but significant discounts to intrinsic value do not happen often.

  3. Focus on fundamental analysis: There are no shortcuts in a disciplined underwriting process. We prioritize on-the-ground research and detailed financial modeling.

  4. Be different: Closet indexing has become more and more prevalent. The active share for our concentrated strategy is 74%, one of the highest amongst our competitors.

  5. Stay nimble: In order to maintain our liquidity advantage we must stay small. We have set a hard cap on assets because we believe this is necessary in our niche space.