So far in 2024, four Primaris REIT (PMZ-UN-T) insiders have spent a total of $898,384 buying units in the public market. The biggest buyer was chief executive officer Alexander Avery, who purchased 38,608 units at an average price of $13.70. He now holds 576,105 Series A Units. When the REIT reported first-quarter results on May 1, Funds from Operations (FFO) per average diluted unit, was 38.8 cents versus 36.9 cents a year earlier. The REIT raised its 2024 guidance for FFO per fully diluted unit by a penny to a midpoint of $1.625.
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Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.