TSX:PMZ.UNRetail REITs
Primaris REIT’s Land Monetization Blueprint Might Change The Case For Investing In Primaris Real Estate Investment Trust (TSX:PMZ.UN)
Primaris Real Estate Investment Trust recently reported past progress on leasing and redevelopment, including visibility to approximately $52 million in incremental annual net operating income, $99.5 million of non-core enclosed shopping centre sales, $68.5 million of acquisitions, and a land optimization plan targeting $275 million to $375 million of excess land for monetization.
Beyond near-term income growth, the identification of hundreds of millions of dollars in excess land underscores...