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Primaris Real Estate Investment Trust ( ($TSE:PMZ.UN) ) has provided an announcement.
Primaris Real Estate Investment Trust has announced a successful $250 million unsecured green debenture offering, maturing in 2030, with a fixed annual interest rate of 3.845%. The proceeds will be used to finance eligible green projects as part of the Trust’s Green Finance Framework, with the potential to initially repay short-term debt or be held in cash. This move highlights Primaris’ commitment to sustainable investments and strengthens its financial positioning, potentially impacting its market operations and stakeholder interests positively.
The most recent analyst rating on ($TSE:PMZ.UN) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Primaris Real Estate Investment Trust stock, see the TSE:PMZ.UN Stock Forecast page.
Spark’s Take on TSE:PMZ.UN Stock
According to Spark, TipRanks’ AI Analyst, TSE:PMZ.UN is a Outperform.
Primaris REIT’s strong earnings call and positive technical indicators are the most significant factors driving the score. The company’s robust guidance and strategic acquisitions support future growth. Financial performance is stable but highlights areas for improvement in profitability and leverage management. The valuation is mixed, with a high P/E ratio but an attractive dividend yield.
To see Spark’s full report on TSE:PMZ.UN stock, click here.
More about Primaris Real Estate Investment Trust
Primaris is Canada’s only enclosed shopping centre-focused Real Estate Investment Trust (REIT), with ownership interests primarily in leading enclosed shopping centres located in growing Canadian markets. The proforma portfolio totals 15.6 million square feet, valued at approximately $5.4 billion at Primaris’ share. The company achieves economies of scale through its fully internal, vertically integrated, full-service national management platform, positioning it well to capitalize on market opportunities in the evolving Canadian retail property landscape.
Average Trading Volume: 140,410
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.64B
For a thorough assessment of PMZ.UN stock, go to TipRanks’ Stock Analysis page.