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Primaris Real Estate Investment Trust has announced a closed equity offering, raising approximately $200 million through the sale of 9,910,000 units at $20.20 each. The proceeds will be used for future acquisitions and general trust purposes.

PRIVATESep 14, 2026•about 2 hours ago

Amount Raised

$200 Million

Round Type

Post-IPO Equity

TorontoE CommerceRetail

Investors

Rbc Capital MarketsDesjardins Capital MarketsTd Securities Inc.

Description

Primaris Real Estate Investment Trust has entered into a bought-deal agreement for an equity offering totaling approximately $200 million. The offering, managed by TD Securities Inc., Desjardins Capital Markets, and RBC Capital Markets, is expected to close around September 22, 2026. Primaris plans to utilize the funds for future acquisitions and other general trust purposes, enhancing its financial flexibility. An over-allotment option may increase proceeds to around $230 million if fully exercised.

Company Information

Company

Primaris Real Estate Investment Trust

Location

Toronto, Ontario, Canada

About

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 11.3 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 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.

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