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Primaris Real Estate Investment Trust T.PMZ.UN

Alternate Symbol(s):  PMREF

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 owns and manages 35 retail properties aggregating approximately 11.4 million square feet, including 22 enclosed shopping centers totaling approximately 9.8 million square feet and 13 unenclosed shopping center and mixed-use properties aggregating approximately 1.6 million square feet. Its properties include Cataraqui Centre, Devonshire Mall, Dufferin Mall, Grant Park Shopping Centre, Highstreet Shopping Centre, Kildonan Place, Lansdowne Place, Marlborough Mall, McAllister Place, Medicine Hat Mall, New Sudbury Centre, Northland Village, Orchard Park Shopping Centre, Park Place Mall, Peter Pond Mall, Place d’Orleans, Place du Royaume, Quinte Mall, Regent Mall, Sherwood Park Mall, Sunridge Mall, and St. Albert Centre. The Company also owns Conestoga Mall in Waterloo, Ontario.


TSX:PMZ.UN - Post by User

Post by Mephistopheles3on Aug 04, 2022 2:20pm
192 Views
Post# 34871736

July22 - share buybacks posted - 20K per day

July22 - share buybacks posted - 20K per dayPMZ was eager beavers this month and posted all their buybacks on SEDI this morning.  

Straight 20K per day with some small exceptions - so doesn't look like they're increasing or decreasing their NCIB.  From the call today, it's important to them to not change their leverage to do the NCIB - they want to just keep doing it out of operating cash flow. 

Market is rewarding them today for prudent good management.  Cheers.
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