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Primaris Real Estate Investment Trust ( ($TSE:PMZ.UN) ) just unveiled an update.
Primaris Real Estate Investment Trust has declared a monthly distribution of $0.0717 per unit for January 2025, equating to an annualized distribution of $0.86 per unit. This announcement reflects the company’s ongoing commitment to providing returns to its unitholders and underscores its stable financial positioning, which aligns with its strategy to leverage market opportunities in the Canadian retail property sector.
More about Primaris Real Estate Investment Trust
Primaris Real Estate Investment Trust is Canada’s only REIT focused on enclosed shopping centers, with ownership interests primarily in leading enclosed shopping centers in growing mid-sized markets. The portfolio includes 13.4 million square feet valued at approximately $4.1 billion. Primaris operates through a fully internal, vertically integrated, full-service national management platform, positioning it well to capitalize on market opportunities in the evolving Canadian retail property landscape.
YTD Price Performance: 1.10%
Average Trading Volume: 202,233
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.57B
Learn more about PMZ.UN stock on TipRanks’ Stock Analysis page.
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