The latest update is out from Primaris Real Estate Investment Trust ( ($TSE:PMZ.UN) ).
Primaris Real Estate Investment Trust announced a successful private placement of $200 million in senior unsecured debentures maturing in 2031. The debentures, bearing a fixed annual interest rate of 4.468%, are intended to repay existing debts and support general trust purposes, indicating a strategic financial maneuver to strengthen the company’s position in the market.
More about Primaris Real Estate Investment Trust
Primaris is Canada’s only enclosed shopping centre-focused Real Estate Investment Trust (REIT), primarily holding interests in leading enclosed shopping centres situated in growing Canadian markets. Its portfolio comprises 15.0 million square feet, valued at approximately $4.6 billion at Primaris’ share.
YTD Price Performance: 0.26%
Average Trading Volume: 217,807
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.59B
For a thorough assessment of PMZ.UN stock, go to TipRanks’ Stock Analysis page.