11:08 AM EST, 03/07/2024 (MT Newswires) -- Primaris Real Estate Investment Trust (PMZ-UN.TO) on Thursday announced that it has renewed its normal course issuer bid.

Primaris may purchase for cancellation up to 6.93 million of its Series A units on the open market, 10% of the "public float".

The NCIB will commence on March 11, and run until March 10, 2025.

Under the Trust's current NCIB that expires on March 8, 2024, Primaris bought back 3.63 million units at a weighted average price of $13.40 each.

Price: 13.53, Change: +0.10, Percent Change: +0.74