Primaris REIT Q3 Adjusted Funds From Operations Rise, Issues 2027 Guidance

05:13 PM EDT, 10/28/2026 (MT Newswires) -- Primaris Real Estate Investment Trust (PMZ-UN.TO) reported Wednesday after the close its third-quarter adjusted funds from operations at CA$0.310 per unit, compared with CA$0.303 per unit in the same period last year. Revenue for the quarter ended Sept. 30 rose to CA$175.8 million from CA$159.2 million a year earlier. The REIT reiterated its 2026 guidance for funds from operations of CA$1.83 to CA$1.88 per unit. For 2027, Primaris said it expects FFO of CA$1.93 to CA$1.99 per unit. The company's board also approved management's recommendation to increase the distribution rate, effective Dec. 31, to CA$0.93 from CA$0.88 per unit per annum. Primaris units closed down CA$0.15 at CA$22.10 on Toronto Stock Exchange on Wednesday.