Primaris Real Estate Investment Trust
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Alexander Danial Avery
- Full Time Employees
- 450
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- 26 Wellington Street East Toronto ON Canada M5E 1S2
- IPO Date
- Jan 18, 2022
- Website
- primarisreit.com
- Similar Companies
- Business
- Primaris Real Estate Investment Trust (PMREF) operates as an open-ended real estate investment trust focused on owning and managing a portfolio of income-producing commercial retail properties, primarily enclosed shopping centres and stand-alone big-box stores located across Canada. The company offers retail leasing services, property management, development, and redevelopment activities; including anchor tenant spaces for major retailers such as Walmart, Canadian Tire, and Sobeys, as well as smaller specialty shops and entertainment venues. Its properties span key urban and suburban markets in provinces including Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia, serving national chains, regional operators, and local businesses as primary tenants. Founded in 1962 and headquartered in Calgary, Alberta, Primaris REIT maintains a portfolio of approximately 13 million square feet of gross leasable area across 26 properties as of the latest reports, with a focus on dominant regional malls and power centres that benefit from stable occupancy rates averaging over 95%. The company generates revenue through base rents, percentage rents, property tax recoveries, and parking revenues, while emphasizing value-add initiatives like mixed-use expansions and sustainability upgrades to enhance long-term returns for unitholders. It operates independently without notable parent company relationships, though it engages in joint ventures for select development projects. In recent developments within the last two years, Primaris REIT completed the acquisition of the CF Champlain Place shopping centre in Saint John, New Brunswick, in 2023, marking a strategic expansion into Atlantic Canada and bolstering its eastern portfolio presence. The company also announced a major redevelopment at CrossIron Mills in Alberta, introducing new experiential retail and entertainment concepts launched in late 2024 to drive traffic and sales growth amid e-commerce pressures. Additionally, Primaris secured a significant financing arrangement with leading Canadian lenders in mid-2025, refinancing key assets at improved rates and extending debt maturities, supporting ongoing capital recycling and distribution growth.
Primaris REIT Announces 2026 Annual General Meeting Voting Results
Primaris Real Estate Investment Trust (PMZ.UN:CA) Shareholder/Analyst Call Transcript
Primaris REIT Announces Q1 2026 Results; Reaffirms Guidance
Immostar and Primaris REIT Strengthen their Presence in Quebec City with the $62.3 Million Acquisition of the North and South Complexes of Les Galeries de la Capitale
Primaris REIT Announces Distribution for April 2026
Primaris REIT Announces AGM and Financial Results Release Date, Webcast, and Conference Call
Primaris REIT Announces Appointment of Julian Schonfeldt as Chief Investment Officer
Primaris REIT Announces Distribution for March 2026
Primaris REIT Renews Normal Course Issuer Bid
Primaris Real Estate Investment Trust (PMZ.UN:CA) Q4 2025 Earnings Call Transcript
Primaris REIT Announces Strong Q4 and Full Year 2025 Results
Primaris REIT Announces Distribution for February 2026
Canadian REIT Capital Offerings Up Over 23% In 2025
Primaris Real Estate Investment Trust (OTCMKTS:PMREF) Trading Down 1.9% – Here’s What Happened
Primaris REIT Announces Distribution for January 2026
Primaris REIT Announces Financial Results Release Date, Webcast, and Conference Call
Primaris Real Estate Investment Trust (OTCMKTS:PMREF) Shares Up 336.5% – Here’s Why
Primaris REIT Completes $154 Million Strategic Disposition and Provides Financing Update
Primaris REIT Publishes Third Annual Sustainability Report and Green Bond Allocation Report
Primaris REIT Provides Leasing and Status Update on Former Anchor Space