Stock PMZ.UN PRIMARIS REAL ESTATE INVESTMENT TRUST
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Company Primaris Real Estate Investment Trust

Equities

PMZ.UN

CA74167K1093

Commercial REITs

Market Closed - Toronto S.E.
Other stock markets
 04:00:00 2024-05-03 pm EDT 		5-day change 1st Jan Change
13.58 CAD +0.67% Intraday chart for Primaris Real Estate Investment Trust +2.72% -1.59%
May. 02 Primaris Real Estate Investment Trust Announces Board Changes CI
May. 02 Transcript : Primaris Real Estate Investment Trust, Q1 2024 Earnings Call, May 02, 2024

Business Summary

Primaris Real Estate Investment Trust is a Canada-based company, which operates as an enclosed shopping center-focused real estate investment trust (REIT). The Company owns and manages 35 retail properties aggregating approximately 11.4 million square feet, including 22 enclosed shopping centers totaling approximately 9.8 million square feet and 13 unenclosed shopping center and mixed-use properties aggregating approximately 1.6 million square feet. Its properties include Cataraqui Centre, Devonshire Mall, Dufferin Mall, Grant Park Shopping Centre, Highstreet Shopping Centre, Kildonan Place, Lansdowne Place, Marlborough Mall, McAllister Place, Medicine Hat Mall, New Sudbury Centre, Northland Village, Orchard Park Shopping Centre, Park Place Mall, Peter Pond Mall, Place d’Orleans, Place du Royaume, Quinte Mall, Regent Mall, Sherwood Park Mall, Sunridge Mall, and St. Albert Centre. The Company also owns Conestoga Mall in Waterloo, Ontario.

Sales per Business

CAD in Million2022Weight2023Weight Delta
Base Rent
55.0 %
210 55.4 % 226 55.0 % +7.31%
Operating Cost Recoveries
17.6 %
68 18.0 % 72 17.6 % +5.75%
Property Tax and Insurance Recoveries
15.8 %
59 15.5 % 65 15.8 % +10.36%
Percent Rent in Lieu of Base Rent
4.0 %
17 4.5 % 16 4.0 % -4.15%
Speacialty Leasing
3.9 %
14 3.6 % 16 3.9 % +15.68%
Percentage Rent
1.5 %
3 0.9 % 6 1.5 % +88.46%
Straight-line Rent
0.8 %
4 1.2 % 3 0.8 % -23.06%
Lease Surrender
0.7 %
1 0.3 % 3 0.7 % +146.12%
Parking and Other Sundry
0.6 %
2 0.6 % 3 0.6 % +11.38%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
100.0 %
380 100.0 % 411 100.0 % +8.13%

Managers

Managers TitleAgeSince
Alex Avery CEO
 Chief Executive Officer 45 -
Patrick Sullivan PSD
 President - 20-12-31
Raghunath Davloor DFI
 Director of Finance/CFO 62 21-11-30
Joseph Martino CTO
 Chief Tech/Sci/R&D Officer - 20-12-31
Brenda Huggins HRO
 Human Resources Officer - 20-12-31
Mordecai Bobrowsky LAW
 General Counsel - 20-12-31

Members of the board

Members of the board TitleAgeSince
Tim Pire BRD
 Director/Board Member 61 20-12-31
Deborah Weinswig BRD
 Director/Board Member 53 20-12-31
Alex Avery CEO
 Chief Executive Officer 45 -
Anne Fitzgerald BRD
 Director/Board Member 58 20-12-31
Louis Forbes BRD
 Director/Board Member 68 20-12-31
Patrick Sullivan PSD
 President - 20-12-31
Avtar Bains BRD
 Director/Board Member - 20-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 96,384,736 95,740,694 ( 99.33 %) 0 99.33 %

Shareholders

NameEquities%Valuation
Healthcare of Ontario Pension Plan
27.10 %
26,142,129 27.10 % 270 M $
Alex Avery
0.5562 %
536,470 0.5562 % 6 M $
Middlefield Capital Corp.
0.3421 %
330,000 0.3421 % 3 M $
NCM Asset Management Ltd.
0.2345 %
226,200 0.2345 % 2 M $
SEI Investments Canada Co.
0.1729 %
166,800 0.1729 % 2 M $
Raghunath Davloor
0.1296 %
125,000 0.1296 % 1 M $
Storebrand Asset Management AS
0.1272 %
122,653 0.1272 % 1 M $
Patrick Sullivan
0.0773 %
74,573 0.0773 % 769 220 $
EdgeHill Partners
0.0593 %
57,200 0.0593 % 590 018 $
Amundi Asset Management SA (Investment Management)
0.0442 %
42,623 0.0442 % 439 656 $

Company contact information

Primaris Real Estate Investment Trust

Brookfield Place 181 Bay Street

M5J 2T3, Toronto

+

http://primarisreit.com
address Primaris Real Estate Investment Trust(PMZ.UN)

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Commercial REITs
Other Commercial REITs

Sales per Business

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
13.58 CAD
Average target price
16.68 CAD
Spread / Average Target
+22.82%
Consensus

Quarterly revenue - Rate of surprise

Company calendar

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