Primaris Real Estate Investment Trust
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in mil. unless spec.Company Description
- CEO
- Alex Avery
- Full Time Employees
- 700
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 181 Bay Street Toronto ON Canada M5J 2T3
- IPO Date
- Jan 5, 2022
- Website
- primarisreit.com
- Similar Companies
- Business
- Primaris Real Estate Investment Trust (Primaris REIT, ticker: PMZ-UN.TO) is Canada's only real estate investment trust focused exclusively on enclosed shopping centres, owning, developing and operating a portfolio of leading properties primarily in growing mid-sized Canadian markets. The trust offers ownership interests in approximately 33 enclosed shopping centres totaling around 14.5 million square feet of gross leasable area valued at over $4.5 billion at Primaris' share; key properties include Dufferin Mall, Cataraqui Centre, Stone Road Mall, Orchard Park, Kildonan Place, Halifax Shopping Centre, Marlborough Mall and Promenades St-Bruno; operations span secondary markets across Canada with a fully internal, vertically integrated national management platform delivering economies of scale, development services, leasing and property management. Headquartered in Toronto and founded in 2003, Primaris REIT maintains a well-capitalized balance sheet with unencumbered assets, investment-grade ratings and high committed occupancy rates, targeting national retailers and regional tenants in the retail real estate sector. In recent developments, Primaris completed a $565 million acquisition of Promenades St-Bruno in October 2025, part of over $1.5 billion in high-quality acquisitions that year and $3.3 billion since 2021 from major Canadian pension funds; the trust also closed a $147.5 million bought deal equity offering, raised acquisition guidance, executed $250 million in dispositions and invested $585 million in further acquisitions within a $724 million deal in early 2025, enhancing portfolio quality and NOI growth potential.
Company News
Primaris REIT Announces Closing of Upper Canada Mall; $41.8 Million Disposition
Primaris REIT Reschedules Webcast and Conference Call
Primaris Real Estate Investment Trust (PMZ.UN:CA) Analyst/Investor Day Transcript
Primaris REIT Announces Distribution for October 2026
Primaris REIT to Share Insights to Future Growth and Provide New Three-Year Performance Targets at Investor Day
Primaris REIT Announces Financial Results Release Date, Webcast, and Conference Call
Primaris REIT Announces $411 Million Acquisition of Leading GTA Shopping Centre, Upper Canada Mall
Primaris REIT Announces Closing of $230 Million Equity Offering
Primaris REIT Announces Distribution for September 2026
Primaris REIT Announces Distribution for August 2026
Primaris REIT Provides HBC Leasing Update and Visibility to $52 Million of Incremental Annual Cash NOI; Announces $168 Million in Transactions; and Identifies $275 to $375 Million of Excess Land
Primaris REIT Announces Distribution for June 2026
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