TMCnet News
Primaris REIT Announces Distribution for September 2022Primaris Real Estate Investment Trust ("Primaris REIT") (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0667 per unit for the month of September, 2022, representing $0.80 per unit on an annualized basis. The distribution will be payable on October 17, 2022 to unitholders of record on September 30, 2022. About Primaris REIT Primaris REIT is Canada's only enclosed shopping centre focused REIT, with ownerhip interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 11.3 million square feet and is valued at approximately $3.3 billion at Primaris' share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris REIT is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.
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