BRIEF-Primaris REIT Announces $411 Million Acquisition Of Leading Gta Shopping Centre, Upper Canada Mall
Reuters2026/09/30 22:33Primaris Real Estate Investment Trust PMZ_u.TO:
PRIMARIS REIT ANNOUNCES $411 MILLION ACQUISITION OF LEADING GTA SHOPPING CENTRE, UPPER CANADA MALL
PRIMARIS REAL ESTATE INVESTMENT TRUST - TO FINANCE ACQUISITION WITH EQUITY PROCEEDS, CASH, AND $150 MILLION CREDIT FACILITY DRAW
PRIMARIS REAL ESTATE INVESTMENT TRUST - ACQUISITION EXPECTED TO BE MODESTLY ACCRETIVE TO ANNUALIZED FULLY DILUTED FFO PER UNIT
PRIMARIS REAL ESTATE INVESTMENT TRUST - UPDATES FFO PER UNIT GUIDANCE FOR 2026 TO $1.83-$1.88
PRIMARIS REAL ESTATE INVESTMENT TRUST - ANTICIPATES CASH NOI FOR 2026 FISCAL YEAR AT $397 MILLION-$402 MILLION
Source text: ID:nBw8mLgN0a
Further company coverage: [PMZ_u.TO]
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mortgage rates return to 7%, pending home sales in the US fall to nearly a twelve-year low
According to Freddie Mac data, the 30-year fixed mortgage rate has risen to 7.4%, the highest level in nearly three years. Data from real estate brokerage Redfin shows that the volume of existing home pending sales in September fell 4% month-on-month, marking the largest single-month drop in over three years and hitting the lowest level since 2014. Nearly one-fifth of sellers have reduced prices, and the home purchase contract cancellation rate has reached a record high of 14.5%. Inventory levels have risen to the highest since March 2020, but high financing costs continue to constrain transactions.
Mueller Water Products names Michael Morgan CFO, succeeding Melissa Rasmussen
GLD ETF Falls 0.6%
JPMorgan’s tokenized funds on Ethereum hold $844 million
Crypto prices
More
