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Primaris Real Estate Investment Trust (TSE:PMZ.UN)
TSX:PMZ.UN
Canadian Market
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Primaris Real Estate Investment Trust (PMZ.UN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 26, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
Last Year’s EPS
0.2
Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Oct 29, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial and operational performance by Primaris, highlighted by significant FFO growth, strategic acquisitions, and increased tenant sales. However, challenges such as the impact of disclaimed HBC leases and potential tenant bankruptcies were noted. Despite these challenges, the overall sentiment remains positive due to strategic leasing progress and financial stability.
Company Guidance
During the Primaris REIT Third Quarter 2025 Results Conference Call, the company provided a robust set of metrics and guidance reflecting strong growth and strategic acquisitions. Primaris reported same-property NOI growth and an almost 6% FFO per unit increase, with acquisitions totaling $1.6 billion, including major malls like Oshawa Center and Lime Ridge Mall. The company achieved a 2.3% distribution increase, marking their fifth consecutive annual raise, and anticipates being added to the Dividend Aristocrats Index. Despite headwinds from disclaimed HBC leases, Primaris demonstrated substantial leasing progress, securing almost 0.5 million square feet of space. The guidance for 2025 remains robust, with expected cash NOI between $352 million and $357 million, and FFO per unit ranging from $1.78 to $1.82. For 2026, Primaris projects cash NOI of $385 million to $395 million, same-property cash NOI growth of 1% to 3%, and FFO per unit of $1.83 to $1.88. The company also highlighted a low leverage position, with an average net debt to adjusted EBITDA ratio of 5.9x, supporting its strong financial model and strategic ambitions.
Strong FFO Growth
Primaris reported almost 6% growth in FFO per unit, indicating robust financial performance driven by the recovery in the Canadian mall sector.
Significant Leasing Progress
Substantial leasing progress was made with the signing of leases for almost 0.5 million square feet of space, including the entire former Sears premises at Lime Ridge Mall.
Strategic Acquisitions
Primaris acquired four top-tier malls in 2025, totaling $1.6 billion, aimed at increasing portfolio quality and achieving above-sector average NOI growth.
Distribution Increase
The company announced a 2.3% increase in distributions, marking the fifth consecutive annual increase, with expectations of being added to the Dividend Aristocrats Index.
Positive Sales Growth
Tenant sales within properties showed positive growth, with total sales productivity growing to $800 per square foot from $715 per square foot a year earlier.

Primaris Real Estate Investment Trust (TSE:PMZ.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:PMZ.UN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 26, 2026
2025 (Q4)
- / -
0.199
Oct 29, 2025
2025 (Q3)
- / 0.32
-0.294209.52% (+0.62)
Jul 30, 2025
2025 (Q2)
- / 0.40
0.4-1.00% (>-0.01)
Apr 30, 2025
2025 (Q1)
- / 0.26
0.433-40.65% (-0.18)
Feb 13, 2025
2024 (Q4)
- / 0.20
0.13151.91% (+0.07)
Oct 31, 2024
2024 (Q3)
- / -0.29
0.202-245.54% (-0.50)
Jul 31, 2024
2024 (Q2)
- / 0.40
0.33917.99% (+0.06)
May 01, 2024
2024 (Q1)
- / 0.43
0.36917.34% (+0.06)
Feb 14, 2024
2023 (Q4)
- / 0.13
-0.264149.62% (+0.40)
Nov 02, 2023
2023 (Q3)
- / 0.20
-0.207197.58% (+0.41)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:PMZ.UN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2025
C$15.22C$15.08-0.92%
Jul 30, 2025
C$14.65C$14.54-0.75%
Apr 30, 2025
C$13.97C$13.85-0.86%
Feb 13, 2025
C$14.09C$14.70+4.33%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Primaris Real Estate Investment Trust (TSE:PMZ.UN) report earnings?
Primaris Real Estate Investment Trust (TSE:PMZ.UN) is schdueled to report earning on Feb 26, 2026, After Close (Confirmed).
    What is Primaris Real Estate Investment Trust (TSE:PMZ.UN) earnings time?
    Primaris Real Estate Investment Trust (TSE:PMZ.UN) earnings time is at Feb 26, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:PMZ.UN EPS forecast?
          Currently, no data Available
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