Primaris Real Estate Investment Trust

PMZ.UN

CA74167K1093

Commercial REITs

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
13.51 ^CAD	+0.37%		-1.39%	-2.10%

May. 07	Primaris Real Estate Investment Trust Declares for the Month of May 2024, Payable on June 17, 2024	CI
May. 02	Primaris Real Estate Investment Trust Announces Board Changes	CI

Primaris Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2024

May 01, 2024 at 05:15 pm EDT

Primaris Real Estate Investment Trust reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 119.22 million compared to CAD 96.37 million a year ago. Net income was CAD 45.88 million compared to CAD 35.59 million a year ago.

Latest news about Primaris Real Estate Investment Trust

Primaris Real Estate Investment Trust Declares for the Month of May 2024, Payable on June 17, 2024	May. 07	CI
Primaris Real Estate Investment Trust Announces Board Changes	May. 02	CI
Transcript : Primaris Real Estate Investment Trust, Q1 2024 Earnings Call, May 02, 2024	May. 02
Primaris REIT Brief: Raises 2024 FFO per average diluted unit guidance to $1.61-$1.64 from $1.60-$1.63	May. 01	MT
Primaris REIT Brief: Q1 $119.2 million total rental revenue and 5.2% Lift In Fund from Operations per average diluted unit growth to $0.388	May. 01	MT
Primaris Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 01	CI
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

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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

2024-05-28 - Desjardins Chicago REIT Conference

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.51 CAD

Average target price

16.61 CAD

Spread / Average Target

+22.92%

Consensus

Quarterly revenue - Rate of surprise

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