Episode

Primaris REIT Thrives in Canadian Mall Market

Podcast
Canada News Today | 2 Min News | The Daily News Now!
Published
May 12, 2026
Duration seconds
109
Processing state
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Summary

Primaris REIT, Canadas largest enclosed mall owner, has seen remarkable growth over the past four years, acquiring top-performing shopping centers and transforming its portfolio. With a focus on high-productivity properties, the company has seen average sales productivity jump from $500 to over $800 per square foot. Primaris has also sold off weaker assets, recycling capital into fortress malls, with 65% of its portfolio being new since 2021. The companys strong performance and strategic acquisitions have positioned it as the go-to platform for retailers expanding across Canada, owning the top malls in key markets from Halifax to Kelowna. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/46dfd55cd6bc4267