Business
Primaris REIT Announces Q1 2026 Results; Reaffirms Guidance
Primaris Real Estate Investment Trust (“Primaris” or “the Trust”) (TS...
About this update from Primaris Real Estate Investment Trust
[{"type":"text","content":"Primaris REIT Announces Q1 2026 Results; Reaffirms Guidance\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwnowrap { white-space: nowrap }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth13 { width: 13% }\n.bwwidth14 { width: 14% }\n.bwwidth15 { width: 15% }\n.bwwidth20 { width: 20% }\n.bwwidth25 { width: 25% }\n.bwwidth30 { width: 30% }\n.bwwidth35 { width: 35% }\n.bwwidth40 { width: 40% }\n.bwwidth46 { width: 46% }\n.bwwidth48 { width: 48% }\n.bwwidth53 { width: 53% }\n.bwwidth55 { width: 55% }\n.bwwidth56 { width: 56% }\n.bwwidth65 { width: 65% }\n.bwwidth8 { width: 8% }\n.bwwidth9 { width: 9% }\n \n\n\n\n Primaris Real Estate Investment Trust (“Primaris” or “the Trust”) (TSX: PMZ.UN) announced today financial and operating results for the first quarter ended March 31, 2026.\n \n\n\n Financial and Operating Results Highlights\n \n\n\n\n $177.0 million total rental revenue;\n \n\n $734 per square foot total same stores sales productivity;\n \n\n -2.1% change in Same Properties Cash Net Operating Income** (\"Cash NOI\") growth (or +1.7% excluding the $2.5 million prior year property tax recoveries recorded in 2025);\n \n\n 89.9% committed occupancy, 86.4% in-place occupancy (including vacancy from disclaimed HBC locations of 1.0 million square feet), and 82.4% long-term in-place occupancy;\n \n\n 78.5% combined recovery ratio;\n \n\n +5.5% weighted average spread on renewing net rents across 372,000 square feet;\n \n\n 154 CRU lease deals across 288,000 square feet at average net rents of $53.60;\n \n\n -3.2% change in Funds from Opera...