Primaris Real Estate Investment Trust

Primaris Real Estate Investment Trust is a Canadian real estate investment trust primarily engaged in the ownership and management of enclosed shopping centers across Canada. Headquartered in Toronto, Ontario, the Trust's core mission is to maintain and elevate market-leading shopping centers, focusing on tenant affordability, disciplined cost management, and fostering community gathering places.

The Trust's portfolio comprises interests in leading enclosed shopping centers situated in growing Canadian markets. As of recent reports, its portfolio totals approximately 15.6 million square feet, valued at around $5.6 billion. Primaris operates through a fully internal, vertically integrated, full-service national management platform, which provides economies of scale and operational efficiency in its specialized market segment.

In recent news, Primaris announced the acquisition of Upper Canada Mall for $411 million, with the transaction expected to close by October 31, 2026. The Trust also hosted an Investor Day on October 7, 2026, to present new three-year performance targets and insights into future growth. Led by CEO Alex Avery, Primaris is positioned as Canada's sole enclosed shopping center-focused REIT, well-capitalized to leverage opportunities within the evolving Canadian retail property landscape.