TORONTO--(BUSINESS WIRE)--Jan 6, 2023--

Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0683 per unit for the month of January, 2023, representing $0.82 per unit on an annualized basis. The distribution will be payable on February 15, 2023 to unitholders of record on January 31, 2023.

About Primaris REIT

Primaris REIT is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 10.9 million square feet and is valued at approximately $3.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris REIT is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230106005001/en/

CONTACT: For more information:

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL OTHER RETAIL COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY REIT

SOURCE: Primaris Real Estate Investment Trust

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PUB: 01/06/2023 04:00 PM/DISC: 01/06/2023 04:03 PM

http://www.businesswire.com/news/home/20230106005001/en