Primaris Real Estate Investment Trust (T:PMZ*CA)
Business Focus: Commercial REITs (NEC)
| Sector: Real Estate | Industry: Commercial REITs |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 26 Wellington Street East, Suite 400 TORONTO ON M5E 1S2 |
| Tel: | 1-416-6427837 |
| Website: | https://www.primarisreit.com |
| IR: | See website |
| Key People | ||
| Patrick Sullivan President, Chief Operating Officer, Trustee | Leigh Murray Vice President, Leasing East | Alex Danial Avery Chief Executive Officer |
| Raghunath Davloor Chief Financial Officer | Leslie Buist Senior Vice President - Finance | Brenda Huggins Senior Vice President - Human Resources |
| Mordecai Bobrowsky Senior Vice President - Legal, Secretary | Graham Procter Senior Vice President - Asset Management | Laurel Adamson Vice President, Leasing West | Joseph Martino Vice President - Information Technology |
| Business Overview |
| Primaris Real Estate Investment Trust is a Canada-based company, which operates as an enclosed shopping center-focused real estate investment trust (REIT). The Company is focused on owning, developing, and operating a national portfolio of enclosed shopping centers located primarily in secondary Canadian markets. The Company owns and manages approximately11 retail properties. The Company's portfolio totals 10.9 million square feet. Its regional shopping centers are strategically located in major urban markets and major secondary cities across Canada. The Company's properties include Dufferin Mall, Stone Road Mall, Orchard Park, and Devonshire Mall. The Dufferin Mall is a regional shopping center located in the densely populated West End of Toronto, Ontario. Stone Road Mall is located 60 minutes west of Toronto in Guelph, Ontario. The Orchard Park Shopping Centre is an enclosed regional center located in the heart of British Columbia's Okanagan Valley in the City of Kelowna. |
| Financial Overview |
| For the fiscal year ended 31 December 2022, Primaris Real Estate Investment Trust revenues increased 53% to C$380.1M. Net loss totaled C$12.1M vs. income of C$341M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects FV Adjustments on Investment Property increase from C$238.5M (income) to C$165.7M (expense), Salaries. |
| Employees: | 400 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,257M as of Mar 31, 2023 |
| Annual revenue (TTM): | $380.06M as of Mar 31, 2023 |
| EBITDA (TTM): | $184.68M as of Mar 31, 2023 |
| Net annual income (TTM): | -$12.08M as of Mar 31, 2023 |
| Free cash flow (TTM): | $123.94M as of Mar 31, 2023 |
| Net Debt Last Fiscal Year: | $1,008M as of Mar 31, 2023 |
| Shares outstanding: | 96,413,317 as of May 17, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2023 INK Research Corp. All rights reserved.
US Quotes Data provided by IEX. US Quotes Data provided by IEX. Company fundamental sourced from © Refinitiv. Click for restrictions. © Refinitiv. All rights reserved. Republication or redistribution of Refinitiv, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions taken in reliance on such content.
US Quotes Data provided by IEX. US Quotes Data provided by IEX. Company fundamental sourced from © Refinitiv. Click for restrictions. © Refinitiv. All rights reserved. Republication or redistribution of Refinitiv, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions taken in reliance on such content.