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Primaris Real Estate Investment Trust (TSE:PMZ.UN)
TSX:PMZ.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.4Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 4.45%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
Primaris REIT reported strong growth in sales per square foot and FFO per unit, alongside successful acquisitions and strategic capital recycling. However, challenges such as the HBC closure and Comark's credit protection filing present headwinds. Despite these challenges, the company's solid financial performance and strategic initiatives suggest a positive outlook.Company Guidance
During the call, Primaris REIT provided guidance on several key metrics, highlighting their strategic progress and future plans. The company reported a significant increase in tenant sales per square foot, rising from $482 to $768, and aggregate CRU sales growing from $800 million to $3 billion. The average aggregate CRU sales per mall also more than doubled, from $58 million to $124 million. Additionally, their 90-day average daily trading volume increased from $3 million to $6 million. Primaris completed a $585 million acquisition of Oshawa Center and a 50% interest in Southgate Centre, while also selling $170 million of non-core shopping centers. Their financial guidance for 2025, including same-property cash NOI growth of 3% to 4% and FFO per unit diluted in the range of $1.70 to $1.75, remains largely unchanged despite potential impacts from HBC store closures. The company has capacity for over $2 billion in acquisitions without financing conditions, maintaining a conservative financial model with a net debt to adjusted EBITDA of 5.7x, and continues to execute its NCIB program, buying back units at a significant discount to NAV.Significant Growth in Sales Per Square Foot
Tenant sales per square foot increased nearly 60% from $482 to $768, marking an all-time high.
CRU Sales Growth
Aggregate CRU sales grew from $800 million to $3 billion, and average CRU sales per mall more than doubled from $58 million to $124 million.
Successful Acquisitions and Capital Recycling
Completed a $585 million acquisition of Oshawa Center and a 50% interest in Southgate Centre. Also sold $170 million of non-core shopping centers.
Strong Financial Performance
FFO per unit increased by 13.3% from $0.388 to $0.439 compared to last year, with same-property cash NOI up 9.4% for the quarter.
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Primaris Real Estate Investment Trust (TSE:PMZ.UN) Earnings, Revenues Date & History
TSE:PMZ.UN Earnings History
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
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TSE:PMZ.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | C$14.38 | C$14.25 | -0.90% |
Feb 13, 2025 | C$14.50 | C$15.13 | +4.34% |
Oct 31, 2024 | C$15.18 | C$15.28 | +0.66% |
Jul 31, 2024 | C$13.06 | C$13.30 | +1.84% |
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.
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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 Jul 30, 2025, TBA Not 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 Jul 30, 2025, TBA Not 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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