About Primaris REIT
Primaris REIT is a company based in Toronto (Canada) founded in 2003 was acquired by H&R Real in April 2013.. The company has 581 employees as of December 31, 2024. Primaris REIT operates in a competitive market with competitors including Simon, Slate Grocery REIT, Partners REIT and Slate Retail REIT, among others.
- Headquarter Toronto, Canada
- Employees 581 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Primaris Real Estate Investment Trust
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Annual Revenue
$355.6 M (USD)22.15as on Dec 31, 2024
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Net Profit
$55.23 M (USD)-22.29as on Dec 31, 2024
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EBITDA
$171.62 M (USD)19.36as on Dec 31, 2024
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Latest Funding Round
$134.02 M (USD), Post-IPO
Feb 20, 2025
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Investors
RioCan
& 2 more
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Employee Count
581
as on Dec 31, 2024
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Acquired by
H&R Real
(Apr 01, 2013)
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IPO & Listings of Primaris REIT
Primaris REIT is a publicly listed company on the TSX with ticker symbol PMZ.UN in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Primaris REIT
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $134.0M
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First Round
First Round
(20 Feb 2025)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Post-IPO - Primaris REIT | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Primaris REIT
Primaris REIT has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include RioCan, H&R Real and KingSett Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Retail properties are owned, developed, and managed in Canada.
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Founded Year | Domain | Location | |
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Sustainable value is created through real estate investment solutions.
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Founded Year | Domain | Location | |
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Equity REIT that invests in office, retail, industrial and residential properties
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Primaris REIT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Primaris REIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Primaris Reit Comparisons
Competitors of Primaris REIT
Primaris REIT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Simon, Slate Grocery REIT, Partners REIT and Slate Retail REIT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Shopping and entertainment destinations are managed by Simon.
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| domain | founded_year | HQ Location |
Grocery real estate properties are invested in, leased, and managed.
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| domain | founded_year | HQ Location |
REIT that invests in primary and secondary markets such as retail and mixed-use retail across Canada ranging from $10 to $50 million
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| domain | founded_year | HQ Location |
Invests in and manages U.S. grocery-anchored real estate portfolios for unitholders.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Primaris Reit
Frequently Asked Questions about Primaris REIT
When was Primaris REIT founded?
Primaris REIT was founded in 2003 and raised its 1st funding round 22 years after it was founded.
Where is Primaris REIT located?
Primaris REIT is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Primaris REIT?
Alex Avery is the current CEO of Primaris REIT.
How many employees does Primaris REIT have?
As of Dec 31, 2024, the latest employee count at Primaris REIT is 581.
What is the annual revenue of Primaris REIT?
Annual revenue of Primaris REIT is $355.6M as on Dec 31, 2024.
What does Primaris REIT do?
Primaris REIT was established in 2003 as a real estate investment trust focused on the retail sector. Shopping centres are acquired, owned, and operated across Canada, with headquarters located in Toronto. Properties are leased to various retailers, generating income through rental revenues and property management services. Operations emphasize stable cash flows from established retail assets in key urban and suburban markets.
Who are the top competitors of Primaris REIT?
Primaris REIT's top competitors include Simon, Slate Grocery REIT and Partners REIT.
Is Primaris REIT publicly traded?
Yes, Primaris REIT is publicly traded on TSX under the ticker symbol PMZ.UN.
Who are Primaris REIT's investors?
Primaris REIT has 3 investors. Key investors include RioCan, H&R Real, and KingSett Capital.
What is Primaris REIT's ticker symbol?
The ticker symbol of Primaris REIT is PMZ.UN on TSX.
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