Primaris Real Estate Investment Trust (PMREF) Q1 2025 Earnings Call Transcript

Primaris Real Estate Investment Trust (OTC:PMREF) Q1 2025 Earnings Call May 1, 2025 8:30 AM ET

Company Participants

Claire Mahaney – Investor Relations
Alex Avery – Chief Executive Officer
Pat Sullivan – President and Chief Operating Officer
Rags Davloor – Chief Financial Officer

Conference Call Participants

Sumayya Syed – CIBC
Mario Saric – Scotiabank
Lorne Kalmar – Desjardins
Matt Kornack – National Bank Financial
Pammi Bir – RBC
Mark Rothschild – Canaccord
Sam Damiani – TD Securities
Brad Sturges – Raymond James
Gaurav Mathur – Green Street

Operator

Good morning and welcome to Primaris REIT’s First Quarter 2025 Results Conference Call. [Operator Instructions] I will now turn the call over to Claire Mahaney, Vice President, Investor Relations and ESG. Please go ahead.

Claire Mahaney

Thank you, operator. During this call, management of Primaris REIT may make statements containing forward-looking information within the meaning of applicable securities legislation. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Primaris REIT’s control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. Additional information about these assumptions, risks and uncertainties are contained in Primaris REIT’s filings with securities regulators. These filings are also available on our website at www.primarisreit.com.

I’ll now turn the call over to Alex Avery, Primaris’ Chief Executive Officer.

Alex Avery

Good morning. Thanks for joining Primaris REIT’s first quarter 2025 conference call. Joining me today are Pat Sullivan, President and Chief Operating Officer; Rags Davloor, CFO; Leslie Buist, SVP, Finance; Mordy Bobrowsky, SVP, General Counsel; Graham Procter, SVP, Asset Management; and Claire Mahaney, VP, IR and ESG. It is very satisfying to deliver continued strong results in the face of a lot of uncertainty, including strong same-property NOI growth and substantial FFO per unit growth.