As you can see below, Primaris was created in late 2021 (spun-off from H&R REIT via a non-taxable distribution of units). Since that time, the company has acquired over $1 billion of properties.

TORONTO--(BUSINESS WIRE)--Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0717 ...