Primaris REIT Unveils Green Finance Framework to Boost Sustainability

An update from Primaris Real Estate Investment Trust ( ($TSE:PMZ.UN) ) is now available.

Primaris Real Estate Investment Trust has launched its inaugural Green Finance Framework, allowing the issuance of green bonds, loans, and other financial instruments to support environmental projects. This initiative aligns with Primaris’ sustainability strategy, focusing on emissions reduction and sustainable management, and has received a positive review from Moody’s Ratings, confirming its adherence to international green finance principles.

The most recent analyst rating on ($TSE:PMZ.UN) stock is a Buy with a C$19.00 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 financial performance, strategic acquisitions, and robust dividend yield are key strengths. While technical indicators show some short-term weakness, the company’s proactive strategies in handling tenant challenges and maintaining solid financial guidance provide a balanced outlook.

To see Spark’s full report on TSE:PMZ.UN stock, click here.

More about Primaris Real Estate Investment Trust

Primaris Real Estate Investment Trust is Canada’s only enclosed shopping centre-focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.0 million square feet, valued at approximately $4.9 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform.

Average Trading Volume: 200,092

Technical Sentiment Signal: Buy

Current Market Cap: C$1.46B

See more data about PMZ.UN stock on TipRanks’ Stock Analysis page.