Primaris Real Estate Investment Trust · TSX:PMZ.UN
Primaris Real Estate Investment Trust — Merger or Acquisition (January 2025)
17 slides from Primaris Real Estate Investment Trust's merger presentation, Jan 22, 2025
Slide 1: Southgate and Oshawa Centres
Southgate and Oshawa Centres Market Leading Regional Shopping Centres Edmonton, AB and Oshawa, ON January 22, 2025
Slide 2: Caution Regarding Forward-Looking Statements and Non-GAAP Measures
CAUTION Forward-Looking Statements Certain statements included in this presentation contain “forward-looking information” within the meaning of applicable securities laws. The words “will”, “expects”, “plans”, REGARDING "estimates", “intends” and similar expressions are often intended to identify su
Slide 3: Growing Portfolio Quality as Primaris Executes on the Consolidation Opportunity
Growing Portfolio Quality as Primaris High Quality Target Assets in Growing Executes on the Consolidation Opportunity Target Markets Sources: ICSC Canada Mall Property Performance Report, 2023. 3
Slide 4: Target: Leading Shopping Centres in Growing Canadian Markets
Target: Leading Shopping Centres in Growing Canadian Markets Canada’s only enclosed shopping centre REIT • Primaris targets market-leading enclosed shopping centres in growing Canadian markets that are the largest retail centres in their diverse and growing trade areas, connected to mass transit and
Slide 5: Acquisition Deal Structure Overview
Acquisitions further demonstrate Primaris as an attractive buyer for Canadian pension fund vendors of market leading Canadian Acquisition Deal Structure Overview shopping centres (in millions of Canadian dollars Southgate (50%) and Halifax Shopping Centre Les Galeries de la Capitale Conestoga Mall u
Slide 6: Shopping Centre Overview
Adding large Leading Regional Shopping Centres to the Primaris Shopping Centre Overview Portfolio Total CRU Same Store GLA at Share Property Name Location Sales Volume Sales 1 2 Site Coverage 1 (SF) (thous) Southgate (thous) Productivity SF 1 Southgate Centre Edmonton, AB $300,000 $1,375 423 66% and
Slide 7: Southgate Centre
Southgate Centre • Leading regional enclosed shopping centre in the high growth market of Edmonton, AB • Located in the southern portion of the City of Edmonton, Southgate Centre sits in the affluent neighbourhood of Malmo Plains • The centre benefits from exceptional accessibility and visibility at
Slide 8: Major Insights: Edmonton, AB
Growing population with strong demographic trends driven by attractive relative cost of living and stable employment Major Insights: Edmonton, AB opportunities - Economic Highlights • Sectors contributing to GDP include energy, government, technology, manufacturing, agriculture and healthcare Popula
Slide 9: Southgate Centre - Site Plan
Southgate Centre - Site Plan LRT Station 9
Slide 10: Southgate Centre - Trade Area
Southgate Centre - Trade Area Primary Trade Area Secondary Trade Area
Slide 11: Slide 11
Slide 12: Oshawa Centre
Oshawa Centre • Leading regional enclosed shopping centre in the high growth market of Oshawa, ON • Located 40 minutes east of Toronto, Oshawa Centre is easily accessible via the main arterial highways 401 and 407 as well as the Greater Toronto GO Transit system • $230 million, 375,000 square foot r
Slide 13: Major Insights: Oshawa, ON
Growing population with strong demographic trends driven by attractive relative cost of living and stable employment Major Insights: Oshawa, ON opportunities - Economic Highlights • Traditionally known as automotive hub, particularly as home of General Motors • Significant transformation in recent y
Slide 14: Oshawa Centre - Site Plan
Sarlawss-C ee - Site Plan Loa ian oe il
Slide 15: Oshawa Centre - Trade Area
Oshawa Centre - Trade Area Secondary Trade Area Primary Trade Area
Slide 16: Slide 16
Slide 17: Southgate and Oshawa Centres
Southgate and Oshawa Centres Market Leading Regional Shopping Centres Edmonton, AB and Oshawa, ON
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