View Firm Profile
Presima Securities ULC
Managing Director, Public Markets & Head of Presima
Vice President, Investor Relations
Types of Accounts Managed
- Institutional Investor - Pension Plan
- Institutional Investor - Non-Profit
- Institutional Investor - First Nations
- Institutional Investor - Other
Provinces of Business
- British Columbia
- Nova Scotia
* indicates a physical location in this province
Presima is a specialist boutique investment manager focused on global real estate securities. With one of the longest track records in the asset class, we have developed a vast experience in global REITs since 1999. Presima provides outcome-oriented solutions to its clients by building carefully crafted portfolios of its best investment opportunities. We understand the uniqueness of our asset class, which demonstrates equity-like, bond-like and real estate-like characteristics. We believe that we have a deep understanding of these characteristics and of the underlying real estate assets of the stocks that we invest in. This enables us to offer a tailored approach to analysis and research to our clients.
Presima operates on a one office model, an integral part of its high-conviction strategy, and all functions are run out of a single office, ensuring 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 values 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.
Presima is a wholly owned subsidiary of Slate Asset Management, a global alternative investment platform targeting real assets.
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. We believe in a high-conviction and concentrated approach to REIT investing.
5 – Stay nimble: To maintain our liquidity advantage as active high-conviction managers, we must remain nimble at the strategy level.