Primaris Real Estate Investment Trust

PMZ.UN

CA74167K1093

Commercial REITs

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
13.22 ^CAD	+0.23%		-1.86%	-4.20%

Apr. 08	Primaris Real Estate Investment Trust Declares Distribution for the Month of April 2024, Payable on May 15, 2024	CI
Mar. 21	Primaris REIT Reports Opening of Simons at Halifax Shopping Centre	MT

Tranche Update on Primaris Real Estate Investment Trust (TSX:PMZ.UN)'s Equity Buyback Plan announced on March 7, 2023.

February 14, 2024 at 05:49 pm EST

From October 1, 2023 to December 31, 2023, the company has repurchased 1,841,000 shares, representing 1.91% for CAD 24.6 million. With this, the company has completed the repurchase of 3,335,700 shares, representing 3.47% for CAD 44.64 million under the buyback announced on March 7, 2023.

Latest news about Primaris Real Estate Investment Trust

Primaris Real Estate Investment Trust Declares Distribution for the Month of April 2024, Payable on May 15, 2024	Apr. 08	CI
Primaris REIT Reports Opening of Simons at Halifax Shopping Centre	Mar. 21	MT
Primaris Real Estate Investment Trust Announces Opening of Simons At Halifax Shopping Centre	Mar. 21	CI
Primaris Real Estate Investment Trust Announces Distribution for March 2024, Payable on April 15, 2024	Mar. 07	CI
Primaris REIT Renewing Normal Course Issuer Bid	Mar. 07	MT
DBRS Confirms Credit Ratings on Primaris Real Estate Investment Trust	Mar. 07	MT
Primaris REIT Brief: Renewing Normal Course Issuer Bid	Mar. 07	MT
Transcript : Primaris Real Estate Investment Trust, Q4 2023 Earnings Call, Feb 15, 2024	Feb. 15
Tranche Update on Primaris Real Estate Investment Trust (TSX:PMZ.UN)'s Equity Buyback Plan announced on March 7, 2023.	Feb. 14	CI
Primaris Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 14	CI
Primaris REIT Brief:Reporting $113.8 Million total rental revenue For Q4	Feb. 14	MT
Primaris Real Estate Investment Trust Announces Distribution for February 2024, Payable on March 15, 2024	Feb. 07	CI
Primaris Real Estate Investment Trust Declares Distribution for the Month of January 2024, Payable on February 15, 2024	Jan. 08	CI
Primaris REIT Upsized Unsecured Revolving Credit Facility to $600 Million	Dec. 22	MT
Primaris Real Estate Investment Trust Enters into Agreement to Upsize its $400 Million Revolving Credit Facility to $600 Million	Dec. 22	CI
Primaris REIT Announces Distribution for December 2023, Payable on January 15, 2024	Dec. 07	CI
Primaris Real Estate Investment Trust (TSX:PMZ.UN) completed the acquisition of Halifax Shopping Centre and the Annex in Halifax, Nova Scotia.	Nov. 29	CI
Primaris REIT Brief: Units Rated Outperform With a C$15.50 Target at National Bank After Conestoga Mall Tour; National Calls It "An Increasingly Relevant Enclosed Mall Owner"	Nov. 23	MT
Primaris Real Estate Investment Trust announced that it has received CAD 299.999996 million in funding	Nov. 21	CI
Primaris REIT Price Target Raised to $16 at TD	Nov. 21	MT
Primaris REIT Prices $400 Million Unsecured Debenture Offering	Nov. 21	MT
Primaris REIT Brief: Says Acquisition of Halifax Properties For $370 Million 'Enhancing Quality"; Sees Deal As 'Neutral' to FFO/u, But Leverage "Approaches Top of Target Range"	Nov. 20	MT
Primaris REIT Brief: Units Rated Outperform With $15.50 Target at National Bank; Says Target Based On a 12% Discount to Its NAV and Equates to a 2024 P/FFO Multiple of 9.5x	Nov. 20	MT
Primaris REIT Agrees to Buy Halifax Shopping Centre, Annex in Halifax, Nova Scotia, for $370 Million	Nov. 20	MT
Primaris REIT Brief: Announcing Acquisition of Atlantic Canada's Premiere Shopping Centre Complex	Nov. 20	MT

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Company Profile

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 dâOrleans, 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.

Sector

Commercial REITs

Calendar

2024-04-30 - Q1 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.22 CAD

Average target price

16.75 CAD

Spread / Average Target

+26.70%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Commercial REITs

	1st Jan change	Capi.
PRIMARIS REAL ESTATE INVESTMENT TRUST	-4.20%	931M
REALTY INCOME CORPORATION	-6.46%	46.25B
ALEXANDRIA REAL ESTATE EQUITIES, INC.	-8.31%	20.33B
SEGRO PLC	-3.56%	13.07B
UNIBAIL-RODAMCO-WESTFIELD SE	+16.05%	11.53B
CAPITALAND INTEGRATED COMMERCIAL TRUST	-5.34%	9.68B
FEDERAL REALTY INVESTMENT TRUST	-0.83%	8.48B
CAPITALAND ASCENDAS REIT	-14.85%	8.38B
KLÉPIERRE	+1.38%	7.63B
FIBRA UNO	-18.42%	5.53B

Other Commercial REITs

Primaris Real Estate Investment Trust

Equities

PMZ.UN

CA74167K1093

Commercial REITs

Tranche Update on Primaris Real Estate Investment Trust (TSX:PMZ.UN)'s Equity Buyback Plan announced on March 7, 2023.

Latest news about Primaris Real Estate Investment Trust

Chart Primaris Real Estate Investment Trust

Company Profile

Income Statement Evolution

Analysts' Consensus

Quarterly revenue - Rate of surprise

Sector Other Commercial REITs