Announcement • Jun 09
Primaris Real Estate Investment Trust Announces Distribution for June 2026, Payable on July 15, 2026 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of June 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on July 15, 2026 to unitholders of record on June 30, 2026. Declared Dividend • May 17
Dividend of CA$0.073 announced Shareholders will receive a dividend of CA$0.073. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 4.6%, which is lower than the industry average of 6.2%. Announcement • May 13
Primaris Real Estate Investment Trust announces Monthly dividend, payable on June 15, 2026 Primaris Real Estate Investment Trust announced Monthly dividend of CAD 0.0733 per share payable on June 15, 2026, ex-date on May 29, 2026 and record date on May 29, 2026. Live News • May 11
Primaris REIT Grows Q1 Earnings and Leasing Activity While Maintaining 4.6% Dividend Yield Primaris Real Estate Investment Trust reported stronger Q1 2026 results, with higher sales, net income and earnings per share compared with the prior year, supported by improved profitability and asset recycling.
The REIT completed 193 leasing deals in Q1, including progress on repurposing former Hudson’s Bay Company space, and closed the acquisition of Complexes Capitale.
Management reaffirmed 2026 guidance for funds from operations of $1.85 to $1.90 per share and maintained a 4.6% annualized dividend yield paid monthly, while appointing a new Chief Investment Officer to focus on redevelopment and partnerships.
The combination of reaffirmed FFO guidance, active leasing and asset recycling indicates that management is focusing on redevelopment and repositioning rather than standing still with the existing portfolio.
For you, the key considerations are whether the current 4.6% yield, the execution risk around redevelopments and the integration of Complexes Capitale fit your income needs and risk tolerance. Recent Insider Transactions • May 04
Chief Investment Officer recently bought CA$522k worth of stock On the 1st of May, Julian Schonfeldt bought around 28k shares on-market at roughly CA$18.85 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.5m more in shares than they have sold in the last 12 months. Reported Earnings • May 01
First quarter 2026 earnings released First quarter 2026 results: Revenue: CA$177.0m (up 18% from 1Q 2025). Net income: CA$41.9m (up 35% from 1Q 2025). Profit margin: 24% (up from 21% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Retail REITs industry in Canada. New Risk • Apr 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Declared Dividend • Apr 16
Dividend of CA$0.073 announced Shareholders will receive a dividend of CA$0.073. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 4.5%, which is lower than the industry average of 6.2%. Announcement • Apr 08
Primaris Real Estate Investment Trust Declares A Distribution for the Month of April 2026, Payable on May 15, 2026 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of April 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on May 15, 2026 to unitholders of record on April 30, 2026. Announcement • Mar 31
Primaris Real Estate Investment Trust to Report Q1, 2026 Results on Apr 29, 2026 Primaris Real Estate Investment Trust announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Declared Dividend • Mar 17
Dividend of CA$0.073 announced Shareholders will receive a dividend of CA$0.073. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 4.8%, which is lower than the industry average of 6.2%. Announcement • Mar 17
Primaris Real Estate Investment Trust Appoints Julian Schonfeldt as Chief Investment Officer, Effective April 1, 2026 Primaris Real Estate Investment Trust announced the appointment of Julian Schonfeldt as Chief Investment Officer, effective April 1, 2026. In his role as CIO, Mr. Schonfeldt will oversee Primaris’ investment activities and capital allocation initiatives, including acquisitions, dispositions, portfolio optimization, and investment underwriting. He will work closely with the rest of the executive team to ensure disciplined capital deployment remains aligned with Primaris’ existing clear and focused strategy, and long-term value creation objectives. One area of particular focus will be surfacing value from the REIT’s substantial excess lands recently made actionable by the departure of Hudson’s Bay. This will include identifying optimal uses, suitable counterparties and partners, as well as evaluating development opportunities, structuring partnerships and executing land sales. Mr. Schonfeldt brings extensive experience in real estate investment and capital markets. Most recently, he served as CIO at Canadian Apartment Properties REIT (CAPREIT), where he played a key role in advancing CAPREIT’s investment strategy and capital allocation. During his tenure, Mr. Schonfeldt executed more than $6 billion of strategic transactions, supporting portfolio optimization and long-term value creation. Prior to joining CAPREIT, he held senior roles in investment banking, advising real estate and corporate clients on capital markets and strategic transactions. Announcement • Mar 10
Primaris Real Estate Investment Trust Declares a Distribution for the Month of March 2026, Payable on April 15, 2026 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of March 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on April 15, 2026 to unitholders of record on March 31, 2026. Declared Dividend • Feb 18
Dividend of CA$0.073 announced Shareholders will receive a dividend of CA$0.073. Ex-date: 27th February 2026 Payment date: 16th March 2026 Dividend yield will be 5.0%, which is lower than the industry average of 6.2%. Reported Earnings • Feb 13
Full year 2025 earnings released Full year 2025 results: Revenue: CA$648.5m (up 29% from FY 2024). Net income: CA$183.2m (up 131% from FY 2024). Profit margin: 28% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Retail REITs industry in Canada. Declared Dividend • Jan 16
Dividend of CA$0.073 announced Shareholders will receive a dividend of CA$0.073. Ex-date: 30th January 2026 Payment date: 17th February 2026 Dividend yield will be 5.1%, which is lower than the industry average of 6.2%. Announcement • Jan 08
Primaris Real Estate Investment Trust Announces Distribution for the Month of January 2026, Payable on February 17, 2026 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of January 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on February 17, 2026 to unitholders of record on January 30, 2026. Announcement • Jan 06
Primaris Real Estate Investment Trust to Report Q4, 2025 Results on Feb 11, 2026 Primaris Real Estate Investment Trust announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Declared Dividend • Dec 16
Dividend of CA$0.073 announced Shareholders will receive a dividend of CA$0.073. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 5.6%, which is lower than the industry average of 6.2%. Announcement • Dec 09
Primaris Real Estate Investment Trust Declares Distribution for December 2025, Payable on January 15, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of December 2025, representing $0.88 per unit on an annualized basis. The distribution will be payable on January 15, 2026 to unitholders of record on December 31, 2025. Declared Dividend • Nov 19
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 5.7%, which is lower than the industry average of 6.2%. Announcement • Nov 08
Primaris Real Estate Investment Trust Declares Distribution for November 2025, Payable on December 15, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of November 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on December 15, 2025 to unitholders of record on November 28, 2025. Reported Earnings • Oct 31
Third quarter 2025 earnings released: FFO per share: CA$0.5 (vs CA$0.42 in 3Q 2024) Third quarter 2025 results: FFO per share: CA$0.5 (up from CA$0.42 in 3Q 2024). Revenue: CA$159.2m (up 33% from 3Q 2024). Funds from operations (FFO): CA$56.8m (up 27% from 3Q 2024). FFO margin: 36% (down from 37% in 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Primaris Real Estate Investment Trust Revises Earnings Guidance for the Year 2025 Primaris Real Estate Investment Trust revised earnings guidance for the year 2025. For the year, the company expects Contractual rent steps in rental revenue of $3.1 to $3.3 million and Straight-line rent in rental revenue in the range of $5.5 to $6.5 million as compared to Contractual rent steps in rental revenue of $3.4 to $3.8 million and Straight-line rent in rental revenue in the range of $6.0 million to $7.2 million forecasted previously. Reiterates 2025 guidance for Cash NOI of $352 million to $357 million. Occupancy to be 85% to 87% from Decrease of 6.0% to 7.0% (or 87.5% to 88.5% based on December 31, 2024 in-place occupancy). Assumes HBC disclaims all their leases, comprising 1,286,600 square feet, during 2025 and the impact of acquisitions. Declared Dividend • Oct 16
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 31st October 2025 Payment date: 17th November 2025 Dividend yield will be 5.7%, which is lower than the industry average of 6.2%. Announcement • Oct 12
Primaris Real Estate Investment Trust (TSX:PMZ.UN) completed the acquisition of Promenades St-Bruno from The Cadillac Fairview Corporation Limited. Primaris Real Estate Investment Trust (TSX:PMZ.UN) agreed to acquire Promenades St-Bruno from The Cadillac Fairview Corporation Limited for approximately CAD 570 million on October 6, 2025. A cash consideration of CAD 320 million, common equity of Primaris Real Estate Investment Trust having a value of CAD 160 million to be issued for assets and non-convertible preferred equity of Primaris Real Estate Investment Trust having a value of CAD 85 million to be issued for assets of Promenades St-Bruno from The Cadillac Fairview Corporation Limited. As part of consideration, CAD 565 million is paid towards assets of Promenades St-Bruno from The Cadillac Fairview Corporation Limited. The Acquisition is expected to be approximately $0.04 accretive to annualized fully diluted FFO per unit. The REIT will fund this cash payment by drawing on its available credit facilities.
The transaction is expected to close by October 10, 2025, subject to the satisfaction of customary closing conditions.
Primaris Real Estate Investment Trust (TSX:PMZ.UN) completed the acquisition of Promenades St-Bruno from The Cadillac Fairview Corporation Limited on October 10, 2025. Announcement • Oct 10
Primaris Real Estate Investment Trust has completed a Follow-on Equity Offering in the amount of CAD 147.5 million. Primaris Real Estate Investment Trust has completed a Follow-on Equity Offering in the amount of CAD 147.5 million.
Security Name: Units
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: CAD 14.75
Discount Per Security: CAD 0.59 Recent Insider Transactions • Oct 09
Chief Executive Officer recently bought CA$738k worth of stock On the 6th of October, Alexander Avery bought around 50k shares on-market at roughly CA$14.75 per share. This transaction amounted to 7.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alexander has been a buyer over the last 12 months, purchasing a net total of CA$1.0m worth in shares. Declared Dividend • Sep 16
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 5.5%, which is lower than the industry average of 6.2%. Announcement • Sep 09
Primaris Real Estate Investment Trust announces Monthly dividend, payable on October 15, 2025 Primaris Real Estate Investment Trust announced Monthly dividend of CAD 0.0717 per share payable on October 15, 2025, ex-date on September 29, 2025 and record date on September 30, 2025. Declared Dividend • Aug 17
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 5.7%, which is lower than the industry average of 6.2%. Announcement • Aug 08
Primaris Real Estate Investment Trust Declares Distribution for Month of August 2025, Payable on September 15, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of August 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on September 15, 2025 to unitholders of record on August 29, 2025. Reported Earnings • Jul 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CA$150.8m (up 26% from 2Q 2024). Net income: CA$50.4m (up 19% from 2Q 2024). Profit margin: 33% (down from 35% in 2Q 2024). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Retail REITs industry in Canada. Announcement • Jul 31
Primaris Real Estate Investment Trust Revises Earnings Guidance for the Year 2025 Primaris Real Estate Investment Trust revised earnings guidance for the year 2025. For the period, the company expects Cash NOI in the range of $340 million to $345 million as compared to previous guidance of $331 million to $337 million. Declared Dividend • Jul 16
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 5.7%, which is lower than the industry average of 6.2%. Announcement • Jul 08
Primaris Real Estate Investment Trust Declares Distribution for the Month of July 2025, Payable on August 15, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of July 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on August 15, 2025 to unitholders of record on July 31, 2025. Announcement • Jul 03
Primaris Real Estate Investment Trust to Report Q2, 2025 Results on Jul 30, 2025 Primaris Real Estate Investment Trust announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Announcement • Jun 24
Primaris Real Estate Investment Trust announced that it expects to receive CAD 200 million in funding Primaris Real Estate Investment Trust announced a private placement of senior unsecured debentures for aggregate principal amount CAD 200 million on June 23, 2025. The debentures will be issued at a price of CAD 1,000 per CAD 1,000 principal amount and bear interest at a fixed annual rate of 4.835% per annum, payable in equal semi-annual instalments in arrears on June 25 and December 25 in each year, commencing on December 25, 2025 until maturity June 25, 2033, unless redeemed at an earlier date. The transaction is expected to close on or about June 25, 2025. The Debentures will be direct senior unsecured obligations of the Trust and will rank equally and rateably with all other unsecured and unsubordinated indebtedness of the Trust, except to the extent prescribed by law. The Debentures have been assigned a provisional rating by DBRS of BBB (high). Announcement • Jun 20
Primaris Real Estate Investment Trust has completed a Follow-on Equity Offering in the amount of CAD 124.331777 million. Primaris Real Estate Investment Trust has completed a Follow-on Equity Offering in the amount of CAD 124.331777 million.
Security Name: Units
Security Type: Common Stock
Securities Offered: 8,457,944
Price\Range: CAD 14.7
Discount Per Security: CAD 0.588
Security Features: Income Trust
Transaction Features: Regulation S; Rule 144A Declared Dividend • Jun 17
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 5.8%, which is lower than the industry average of 6.2%. Announcement • Jun 10
Primaris Real Estate Investment Trust Declares A Distribution for the Month of June 2025, Payable on July 15, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of June 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on July 15, 2025 to unitholders of record on June 30, 2025. Announcement • May 26
Primaris Real Estate Investment Trust Reaffirms Earnings Guidance for the Year 2025 Primaris Real Estate Investment Trust reaffirmed earnings guidance for the year 2025. For the year, the company expects Contractual rent steps in rental revenue of $3.4 million to $3.8 million and Straight-line rent in rental revenue in the range of $6.8 million to $7.2 million. Declared Dividend • May 16
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 30th May 2025 Payment date: 16th June 2025 Dividend yield will be 5.6%, which is lower than the industry average of 6.2%. Announcement • May 08
Primaris Real Estate Investment Trust Declares Distribution for the Month of May 2025, Payable on June 16, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of May 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on June 16, 2025 to unitholders of record on May 31, 2025. Board Change • May 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Trustee Louis Forbes was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 01
Primaris Real Estate Investment Trust Reaffirms Earnings Guidance for the Year 2025 Primaris Real Estate Investment Trust reaffirmed earnings guidance for the year 2025. For the year, the company expects Contractual rent steps in rental revenue of $3.4 million to $3.8 million and Straight-line rent in rental revenue in the range of $6.8 million to $7.2 million. Declared Dividend • Apr 16
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 6.0%, which is about the same as the industry average. Announcement • Apr 08
Primaris Real Estate Investment Trust Announces Distribution for April 2025, Payable on May 15, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of April 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on May 15, 2025 to unitholders of record on April 30, 2025. Announcement • Apr 03
Primaris Real Estate Investment Trust to Report Q1, 2025 Results on Apr 30, 2025 Primaris Real Estate Investment Trust announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Announcement • Apr 02
An undisclosed buyer acquired St. Albert Centre in St. Albert, Alta from Primaris Real Estate Investment Trust (TSX:PMZ.UN) for $60 million. An undisclosed buyer acquired St. Albert Centre in St. Albert, Alta from Primaris Real Estate Investment Trust (TSX:PMZ.UN) for $60 million on April 1, 2025. A cash consideration of $60 million will be paid by the buyer. As part of consideration, $60 million is paid towards assets of St. Albert Centre in St. Albert, Alta. The sale price includes a $10 million vendor-take-back loan maturing in one year bearing interest at a rate of 6.0% per annum.
An undisclosed buyer completed the acquisition of St. Albert Centre in St. Albert, Alta from Primaris Real Estate Investment Trust (TSX:PMZ.UN) on April 1, 2025. Declared Dividend • Mar 18
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 5.7%, which is lower than the industry average of 6.2%. Announcement • Mar 08
Primaris Real Estate Investment Trust Announces Distribution for March 2025, Payable on April 15, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of March 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on April 15, 2025 to unitholders of record on March 31, 2025. Announcement • Feb 20
Primaris Real Estate Investment Trust announced that it expects to receive CAD 200 million in funding Primaris Real Estate Investment Trust announced a private placement of senior unsecured debentures for aggregate principal amount CAD 200 million on February 19, 2025. The debentures will be issued at a price of CAD 999.99 per CAD 1,000 principal amount and bear interest at a fixed annual rate of 4.468% per annum, payable in equal semi-annual instalments in arrears on March 1 and September 1 in each year, commencing on September 1, 2025 (long first coupon of CAD 23.44169865 per CAD 1,000 principal amount) until maturity March 1, 2031, unless redeemed at an earlier date. The transaction is expected to close on or about February 20, 2025. The Debentures will be direct senior unsecured obligations of the Trust and will rank equally and rateably with all other unsecured and unsubordinated indebtedness of the Trust, except to the extent prescribed by law. The Debentures have been assigned a provisional rating by DBRS of BBB (high). Announcement • Feb 15
Primaris Real Estate Investment Trust Provides Earnings Guidance for the Year 2025 Primaris Real Estate Investment Trust provided earnings guidance for the year 2025. For the year, the company expects Contractual rent steps in rental revenue of $3.4 to $3.8 million and Straight-line rent in rental revenue in the range of $6.8 million to $7.2 million. New Risk • Feb 14
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 5.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Paying a dividend despite being loss-making. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Reported Earnings • Feb 14
Full year 2024 earnings released Full year 2024 results: Revenue: CA$501.9m (up 22% from FY 2023). Net income: CA$79.5m (down 22% from FY 2023). Profit margin: 16% (down from 25% in FY 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Retail REITs industry in Canada. Announcement • Feb 11
Primaris Real Estate Investment Trust, Annual General Meeting, May 01, 2025 Primaris Real Estate Investment Trust, Annual General Meeting, May 01, 2025. Announcement • Feb 08
Primaris Real Estate Investment Trust Announces Distribution for the Month of February 2025, Payable on March 17, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of February 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on March 17, 2025 to unitholders of record on February 28, 2025. Announcement • Jan 17
Primaris Real Estate Investment Trust to Report Q4, 2024 Results on Feb 13, 2025 Primaris Real Estate Investment Trust announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 13, 2025 Declared Dividend • Jan 16
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 31st January 2025 Payment date: 17th February 2025 Dividend yield will be 5.8%, which is lower than the industry average of 6.2%. Announcement • Jan 08
Primaris Real Estate Investment Trust Announces Distribution for January 2025, Payable on February 17, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of January 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on February 17, 2025 to unitholders of record on January 31, 2025. Declared Dividend • Dec 17
Dividend of CA$0.072 announced Shareholders will receive a dividend of CA$0.072. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 5.3%, which is lower than the industry average of 6.2%. Announcement • Dec 10
Primaris Real Estate Investment Trust Announces Distribution for December 2024, Payable on January 15, 2025 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of December 2024, representing $0.86 per unit on an annualized basis. The distribution will be payable on January 15, 2025 to unitholders of record on December 31, 2024. Declared Dividend • Nov 17
Dividend of CA$0.07 announced Shareholders will receive a dividend of CA$0.07. Ex-date: 29th November 2024 Payment date: 16th December 2024 Dividend yield will be 5.3%, which is lower than the industry average of 6.2%. Announcement • Nov 08
Primaris Real Estate Investment Trust Declares A Distribution for the Month of November 2024, Payable on December 16, 2024 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07 per unit for the month of November 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on December 16, 2024 to unitholders of record on November 29, 2024. Declared Dividend • Oct 16
Dividend of CA$0.07 announced Shareholders will receive a dividend of CA$0.07. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 5.3%, which is lower than the industry average of 6.2%. Recent Insider Transactions • Oct 15
CEO & Trustee recently bought CA$156k worth of stock On the 9th of October, Alexander Avery bought around 10k shares on-market at roughly CA$15.55 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alexander has been a buyer over the last 12 months, purchasing a net total of CA$834k worth in shares. New Risk • Oct 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Announcement • Oct 09
Primaris Real Estate Investment Trust has completed a Follow-on Equity Offering in the amount of CAD 69.5881 million. Primaris Real Estate Investment Trust has completed a Follow-on Equity Offering in the amount of CAD 69.5881 million.
Security Name: Units
Security Type: Common Stock
Securities Offered: 4,475,119
Price\Range: CAD 15.55
Discount Per Security: CAD 0.622 Announcement • Oct 03
Primaris Real Estate Investment Trust to Report Q3, 2024 Results on Oct 31, 2024 Primaris Real Estate Investment Trust announced that they will report Q3, 2024 results After-Market on Oct 31, 2024 Declared Dividend • Sep 12
Dividend of CA$0.07 announced Shareholders will receive a dividend of CA$0.07. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 5.3%, which is lower than the industry average of 6.2%. Announcement • Sep 11
Primaris Real Estate Investment Trust Declares Distribution for the Month of September 2024, Payable on October 15, 2024 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07 per unit for the month of September 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on October 15, 2024 to unitholders of record on September 30, 2024. Upcoming Dividend • Aug 25
Upcoming dividend of CA$0.07 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 16 September 2024. Trailing yield: 5.8%. Lower than top quartile of Canadian dividend payers (6.1%). In line with average of industry peers (6.1%). Declared Dividend • Aug 11
Dividend of CA$0.07 announced Shareholders will receive a dividend of CA$0.07. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 6.1%, which is about the same as the industry average. Announcement • Aug 09
Primaris Real Estate Investment Trust announced that it expects to receive CAD 499.999998 million in funding Primaris Real Estate Investment Trust announced a private placement of series E senior unsecured debentures for aggregate principal amount CAD 300,000,000 and series F senior unsecured debentures for aggregate principal amount CAD 200,000,000 for aggregate gross proceeds of CAD 500,000,000 on August 8, 2024. The series E senior unsecured debentures will be issued at a price equal to CAD 999.93 per CAD 1,000 principal amount and bear interest at a fixed annual rate of 4.998% per annum, payable in equal semi-annual instalments in arrears on March 15 and September 15 in each year, commencing on March 15, 2025 maturing on March 15, 2030. The company will issue debentures at a discount of 0.007% and The series F senior unsecured debentures will be issued at a price equal to CAD 999.93 per CAD 1,000 principal amount and bear interest at a fixed annual rate of 5.304% per annum, payable in equal semi-annual instalments in arrears on March 15 and September 15 in each year, commencing on March 15, 2025 maturing on March 15, 2032. The company will issue debentures at a discount of 0.007%. The transaction is expected to close on August 12, 2024. Announcement • Aug 08
Primaris Real Estate Investment Trust Announces Distribution for August 2024, Payable on September 16, 2024 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07 per unit for the month of August 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on September 16, 2024 to unitholders of record on August 30, 2024. Reported Earnings • Aug 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$120.0m (up 25% from 2Q 2023). Net income: CA$42.2m (up 30% from 2Q 2023). Profit margin: 35% (up from 34% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Retail REITs industry in Canada. Announcement • Aug 01
Primaris Real Estate Investment Trust (TSX:PMZ.UN) acquired Grocery store building connected to Conestoga Mall in Waterloo, Ontario for CAD 19.7 million. Primaris Real Estate Investment Trust (TSX:PMZ.UN) acquired Grocery store building connected to Conestoga Mall in Waterloo, Ontario for CAD 19.7 million on June 10, 2024.
Primaris Real Estate Investment Trust (TSX:PMZ.UN) completed the acquisition of Grocery store building connected to Conestoga Mall in Waterloo, Ontario on June 10, 2024. Upcoming Dividend • Jul 25
Upcoming dividend of CA$0.07 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 15 August 2024. Trailing yield: 6.1%. Lower than top quartile of Canadian dividend payers (6.3%). In line with average of industry peers (6.3%). Declared Dividend • Jul 11
Dividend of CA$0.07 announced Shareholders will receive a dividend of CA$0.07. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 6.2%, which is about the same as the industry average. Announcement • Jul 09
Primaris Real Estate Investment Trust Declares Distribution for the Month of July 2024, Payable on August 15, 2024 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07 per unit for the month of July 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on August 15, 2024 to unitholders of record on July 31, 2024. Announcement • Jul 04
Primaris Real Estate Investment Trust to Report Q2, 2024 Results on Jul 31, 2024 Primaris Real Estate Investment Trust announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Recent Insider Transactions • Jun 28
CEO & Trustee recently bought CA$137k worth of stock On the 26th of June, Alexander Avery bought around 11k shares on-market at roughly CA$12.86 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alexander has been a buyer over the last 12 months, purchasing a net total of CA$751k worth in shares. Recent Insider Transactions • Jun 13
CEO & Trustee recently bought CA$134k worth of stock On the 11th of June, Alexander Avery bought around 10k shares on-market at roughly CA$13.39 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alexander has been a buyer over the last 12 months, purchasing a net total of CA$813k worth in shares. Declared Dividend • Jun 12
Dividend of CA$0.07 announced Shareholders will receive a dividend of CA$0.07. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 6.2%, which is about the same as the industry average. Announcement • Jun 10
Primaris Real Estate Investment Trust Declares Distribution for the Month of June 2024, Payable on July 15, 2024 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07 per unit for the month of June 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on July 15, 2024 to unitholders of record on June 28, 2024. Upcoming Dividend • May 24
Upcoming dividend of CA$0.07 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 17 June 2024. Trailing yield: 6.3%. Lower than top quartile of Canadian dividend payers (6.5%). In line with average of industry peers (6.7%). Declared Dividend • May 10
Dividend of CA$0.07 announced Shareholders will receive a dividend of CA$0.07. Ex-date: 31st May 2024 Payment date: 17th June 2024 Dividend yield will be 6.1%, which is about the same as the industry average. Announcement • May 08
Primaris Real Estate Investment Trust Declares for the Month of May 2024, Payable on June 17, 2024 Primaris Real Estate Investment Trust announced that its Board of Trustees has declared a distribution of $0.07 per unit for the month of May 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on June 17, 2024, to unitholders of record on May 31, 2024. Announcement • May 03
Primaris Real Estate Investment Trust Announces Board Changes Primaris Real Estate Investment Trust announced the appointment of Mr. Timothy Pire to the Investment Committee of the Board to replace Mr. Sullivan who did not stand for re-election at the Meeting. As a result of the appointment, every member of a committee of the Board is now independent. Reported Earnings • May 02
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$119.2m (up 24% from 1Q 2023). Net income: CA$45.9m (up 29% from 1Q 2023). Profit margin: 39% (up from 37% in 1Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Retail REITs industry in Canada. 
