Primaris Real Estate Investment Trust (T:PMZ.UN)
Business Focus: Commercial REITs (NEC)
Mixed as of January 01, 2025
For the latest outlook, get the company report
Insider Filings
Latest 10 SEDI filings for PMZ within the last 6 months
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Company News
Jan 24, 2025 12:02 ET
Primaris REIT Reschedules Financial Results Webcast and Conference Call
Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) will be releasing its financial results for the quarter and year ended December 31, 2024, on Thursday, February 13, 2025, after the market closes. Senior leadership will be hosting a conference call and webcast presentation on February 14, 2025.
Jan 22, 2025 07:00 ET
Primaris REIT Announces $724 Million of Transactions
Primaris Real Estate Investment Trust (“Primaris” or the “REIT” or the “Trust”) (TSX: PMZ.UN) announced today that it has agreed to acquire a 50% interest in Southgate Centre in Edmonton, Alberta and 100% ownership interest in Oshawa Centre in Oshawa, Ontario (the “Acquisitions”), for aggregate consideration of $585.0 million, to be satisfied by a combination of cash and equity, subject to certain conditions. The Acquisitions continue to build upon Primaris’ track record of successfully executing on its well defined growth strategy focused on market leading shopping centres in growing Canadian
Valuation Ratios
Industry
Sector
Beta
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Price to Sales - TTM
3.08
2.51
3.02
Price to Book - most recent quarter
0.67
0.72
1.33
Price to Cash Flow per share - TTM
19.86
16.72
13.03
Price to Free Cash Flow per share - TTM
25.26
11.46
18.61
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Jan 15, 2025 | 662,793 | -90,368 |
| Dec 31, 2024 | 753,161 | 159,561 |
| Dec 15, 2024 | 593,600 | 122,129 |
Business Summary
| Sector: Real Estate | Industry: Commercial REITs |
Primaris Real Estate Investment Trust is a Canada-based open-ended mutual fund trust, which operates as an enclosed shopping center-focused real estate investment trust (REIT). The Company manages, leases, and develops retail properties in Canada. Its portfolio includes approximately 38 retail properties aggregating approximately 13.3 million square feet. The Company's 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, 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, Stone Road Mall, Halifax Shopping Complex, Conestoga Mall and St. Albert Centre.
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