09:55 AM EST, 03/07/2024 (MT Newswires) -- Morningstar DBRS on Thursday confirmed the issuer rating and senior unsecured debentures rating on Primaris Real Estate Investment Trust (PMZ-UN.TO) at BBB (high) with stable trends.

"The Stable trends consider Morningstar DBRS's expectation that Primaris will continue to manage leverage as measured by total debt-to-EBITDA in the mid 5.5 times (x) to 6.0x range at YE2025," the rating agency said.

The company's shares edged up 0.7% on last look on Thursday.

Price: 13.48, Change: +0.05, Percent Change: +0.37