08:32 AM EDT, 09/24/2024 (MT Newswires) -- Primaris Real Estate Investment Trust (PMZ-UN.TO) on Tuesday said it plans to achieve 96% in-place occupancy and annual same properties cash net operating income growth of 3-4% over the next three years.

During the period, Primaris is targeting more than $1 billion in acquisitions and over $500 million in asset sales. The company also provided growth guidance of 4-6% in annual funds from operations per unit and annual distribution growth of 2-4%.

The targets are part of the company's three-year growth plan to be presented later on Tuesday at its Investor Day.