Primaris Real Estate Investment Trust
PMZ.UN
ISIN CA74167K1093 / Valor 114901607
Primaris Real Estate Investment Trust
UMushroom community rating:
About company
Primaris Real Estate Investment Trust is a prominent player in the Canadian real estate market, specializing in owning and managing enclosed shopping centers as well as various other retail properties across the country. With a portfolio encompassing 35 retail properties totaling approximately 11.4 million square feet, including a mix of enclosed shopping centers, unenclosed shopping centers, and mixed-use properties, Primaris REIT has established itself as a key player in the retail real estate sector in Canada.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Total Rental Revenue
Primaris Real Estate Investment Trust reported a total rental revenue of $120.0 million for the second quarter of 2024. This represents a significant increase from the previous year, showcasing the Trust's ability to generate consistent income from its properties.
Funds from Operations
For Q2 2024, Primaris Real Estate Investment Trust achieved a 6.8% growth in Funds from Operations (FFO) per average diluted unit, reaching $0.422. This growth highlights the Trust's effective management and operational efficiency.
Net Income
Primaris Real Estate Investment Trust reported a net income of $42.2 million for the second quarter of 2024, an increase from $32.6 million in the same period of the previous year. This improvement underscores the Trust's strong financial performance and profitability.
Occupancy Rates
The Trust's committed occupancy rate stood at 94.4% for Q2 2024, with an in-place occupancy of 93.0%. These high occupancy rates reflect the strong demand for Primaris Real Estate Investment Trust's properties and effective leasing strategies.
Liquidity and Assets
Primaris Real Estate Investment Trust reported $690.8 million in liquidity and $4.0 billion in total assets for the second quarter of 2024. The Trust's substantial liquidity and asset base provide a solid foundation for future growth and investment opportunities.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1087 M
Market cap (USD)
168,514
Daily traded volume (Shares)
15.73 / 15.47
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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