Business News • MarketWire • Primaris Retail REIT Announces Strong First Quarter Results |
Primaris Retail REIT Announces Strong First Quarter Results |
|
|
Primaris Retail REIT Announces Strong First Quarter Results
TORONTO, ONTARIO--(Marketwire - May 4, 2010) - Primaris Retail REIT (TSX:PMZ.UN) is pleased to report improved operating results for the first quarter of 2010.
President and CEO, John Morrison, commented "The reported results benefited from the significant investment made during late 2009 in Sunridge Mall and Woodgrove Centre (50%). In addition, the reduction in transition costs this year has contributed to our improved reported results. Both of these factors also contributed to an improvement in our FFO payout ratio to 87.2% from 98.2% in the fourth quarter of 2009. Occupancy rates remained strong in our properties and we continued to achieve rent increases on lease renewals."
View More : http://www.marketwire.com/mw/release.do?id=1158941&sourceType=3
|
|
|