PMZ-UN · Primaris Real Estate Investment Trust · Investor Relations

TORONTO--(BUSINESS WIRE)-- Primaris Real Estate Investment Trust (“Primaris” or the "Trust”) (TSX: PMZ.UN) announced today financial and operating results for the third quarter ended September 30, 2026. Financial and Operating Results Highlights $175.8 million total rental revenue; $826 per square foot total same stores sales productivity*; +3.1% growth in Same Properties Cash Net Operating Income** ("Cash NOI"); 90.9% committed occupancy, 87.7% in-place occupancy, and 84.0% long-term in-place occupancy; 81.5% combined operating cost recovery ratio; +12.7% weighted average spread on renewing net rents* across 356,000 square feet; 130 CRU lease deals across 274,000 square feet at average net rents of $52.60; +5.6% growth in Funds from Operations** ("FFO") per average diluted unit to $0.468; 47.0% FFO Payout Ratio**; $5.6 billion total assets; 5.7x Average Net Debt** to Adjusted EBITDA**; $873.2 million in liquidity*; $4.9 billion in unencumbered assets; and $21.52 Net Asset Value** ("NAV") per unit outstanding. Business Update Highlights Continued progress releasing the former HBC space with 882,000 square feet leased or in advanced negotiations expected to generate approximately $15.1 million of annual rental revenue, 4x the annual rent previously generated from the space when formerly occupied by HBC; On October 15, 2026, Primaris acquired Upper Canada Mall in Newmarket, Ontario for aggregate cash consideration of $411 million, before transaction costs; On October 16, 2026, Primaris announced the waiver of conditions for the sale of the remaining 50% managing interest in Cataraqui Centre in Kingston, Ontario for consideration of $41.8 million, excluding transaction costs, expected to close by January 6, 2027, subject to the satisfaction of customary closing conditions; On October 13, 2026, Primaris exercised the option to extend the maturity of the Trust's $600 million unsecured syndicated revolving term facility by one year to January 4, 2030; On October 26, 2026, Primaris received waiver of conditions for the sale of the remaining 50% managing interest in Grant Park Shopping Centre in Winnipeg, Manitoba for consideration of $44.4 million, excluding transaction costs, with closing expected on December 15, 2026; and On October 28, 2026, the Board of Trustees approved management's recommendation to increase the distribution rate, effective December 31, 2026, from $0.88 to $0.93 per unit per annum, or 5.7%. "Strong and meaningful NOI and FFO per unit growth continue to demonstrate the strength of our portfolio and operating platform," said Alex Avery, Chief Executive Officer. "The acquisition of Upper Canada Mall is directly aligned with our strategy of owning dominant shopping centres in Canada's strongest markets, while our recently announced distribution increase reflects our confidence in the durability of our cash flows and future growth prospects. We remain focused on creating long-term value for unitholders through disciplined capital allocation, operational excellence, and strategic portfolio growth, measured in cash flow per unit." "Leasing activity across our portfolio remains exceptionally strong, driven by healthy demand from national and international retailers," said Patrick Sullivan, President and Chief Operating Officer. "The pace of deal execution remains robust as we secure high-quality tenants on attractive terms across our portfolio. This leasing momentum is driving occupancy gains, strengthening the merchandising mix in our centres, and supporting meaningful NOI growth and long-term value creation for our unitholders." "Primaris continues to benefit from a strong balance sheet, a key competitive advantage and strategic differentiator," said Rags Davloor, Chief Financial Officer. "Supported by industry leading debt metrics, strong liquidity, and a growing pool of unencumbered assets, our conservative leverage profile provides significant financial flexibility. This low leverage, low payout ratio model positi

TORONTO--(BUSINESS WIRE)-- Primaris Real Estate Investment Trust (“Primaris” or the “REIT”) (TSX: PMZ.UN) announced the closing of the acquisition of Upper Canada Mall in Newmarket, Ontario, which was previously announced on September 30, 2026 (the “Acquisition”), and that it has agreed to sell its 50% managing interest in Cataraqui Centre in Kingston, Ontario, for $41.8 million (the “Disposition”). The Acquisition, which was subject to customary closing conditions, all of which have been fulfilled or waived, was satisfied in cash on October 15, 2026, for $411 million, as described in the September 30, 2026 press release. Non-Core Disposition The non-core disposition of Primaris’ 50% managing interest in Cataraqui Centre fully aligns with Primaris’ disciplined capital recycling strategy, monetizing a non-core asset and redeploying capital into opportunities that are expected to generate stronger long term value for unitholders. “The sale improves overall portfolio quality, reduces exposure to assets with more limited growth opportunities, simplifies ownership structures, and provides additional financial flexibility to support strategic growth initiatives and capital allocation priorities,” said Alex Avery, Chief Executive Officer. Additional property level details include: 572,600 square foot enclosed shopping centre located in Kingston, Ontario; 67% in-place occupancy; $639 in same store sales productivity; 113,000 square foot former HBC anchored space (as at June 30, 2026, the property was classified as an asset held for sale and accordingly, excluded from Primaris’ disclosures of former HBC exposure and leasing results); and $33.4 million mortgage encumbrance at a contractual interest rate of 5.29%, at share. Primaris intends to allocate the net proceeds of the Disposition to debt repayment and general trust purposes. The Disposition is anticipated to close by January 6, 2027, subject to the satisfaction of customary closing conditions, including any required regulatory approvals. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The proforma portfolio totals 15.3 million square feet, valued at approximately $5.6 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape. Forward-Looking Statements Certain statements included in this news release constitute ‘‘forward-looking information’’ or “forward-looking statements” within the meaning of applicable securities laws. The words “will”, “expects”, “plans”, "estimates", “intends” and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements made or implied in this news release include but are not limited to statements regarding the REIT’s growth strategies and the Disposition, including the closing and timing of the Disposition, the expected use of proceeds from the Disposition and the benefits of the Disposition. Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements are not guarantees of future performance and are based on estimates and assumptions that are inherently subject to risks and uncertainties. Primaris cautions that although it is believed that the assumptions are reasonable in the circumstances, actual results, performance or achievements of Primaris may differ materially from the ex

TORONTO--(BUSINESS WIRE)-- Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) will be releasing its financial results for the quarter ended September 30, 2026, on Wednesday, October 28, 2026, after the market closes. Conference Call and Webcast: Date: Thursday, October 29, 2026, at 9:00 a.m. (ET) Dial: 1-833-461-5787 Passcode: 354 767 001 Link: Please go to the Investor Relations section on Primaris’ website or click here . The call will be accessible for replay on the Investor Relations section of the website. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The proforma portfolio totals 15.6 million square feet, valued at approximately $5.6 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape. For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca Alex Avery Chief Executive Officer 416-642-7837 aavery@primarisreit.com Rags Davloor Chief Financial Officer 416-645-3716 rdavloor@primarisreit.com Julian Schonfeldt Chief Investment Officer 647-212-6519 jschonfeldt@primarisreit.com Claire Mahaney VP, Investor Relations & Sustainability 647-949-3093 cmahaney@primarisreit.com Timothy Pire Chair of the Board chair@primarisreit.com Source: Primaris Real Estate Investment Trust

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 $0.07333 per unit for the month of October 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on November 16, 2026 to unitholders of record on October 30, 2026. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The proforma portfolio totals 15.6 million square feet, valued at approximately $5.6 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape. For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca Alex Avery Chief Executive Officer 416-642-7837 aavery@primarisreit.com Rags Davloor Chief Financial Officer 416-645-3716 rdavloor@primarisreit.com Julian Schonfeldt Chief Investment Officer 647-212-6519 jschonfeldt@primarisreit.com Claire Mahaney VP, Investor Relations & Sustainability 647-949-3093 cmahaney@primarisreit.com Timothy Pire Chair of the Board chair@primarisreit.com Source: Primaris Real Estate Investment Trust

TORONTO--(BUSINESS WIRE)-- Primaris Real Estate Investment Trust (“ Primaris ” or the “ Trust ”) (TSX: PMZ.UN) is hosting its Investor Day today, in Montreal, Quebec, where its leadership team will share future growth insights, leasing and operating strategies, merchandising mix, differentiated financial model, capital allocation priorities, and will present new three-year performance targets. “Primaris has a clear path to meaningful growth over the next three years, supported by significant opportunity embedded within our existing portfolio,” said Alex Avery, Chief Executive Officer. “Our near-term focus is on leasing up the portfolio, capturing embedded NOI and investing strategically in our properties, while maintaining a disciplined approach to capital allocation and our balance sheet. These initiatives are expected to drive sector leading FFO per unit growth, while positioning Primaris for the next phase of growth through tenancy optimization and greater operating efficiency.” New Three-Year Performance Targets Management discloses financial outlook statements for the purpose of providing further information about the Trust's prospective results of operations. These statements are based on factors and assumptions, such as historical trends, current conditions, and expected developments. Management believes that such financial outlook statements have been prepared on a reasonable basis, reflecting management's best estimates and judgments. However, because these financial outlook statements are subjective and subject to numerous risks, they should not be relied on as necessarily indicative of future results. Disciplined capital allocation is a key pillar of Primaris' strategy. To this end, Primaris established certain targets for managing the Trust's financial condition (see Section 3, "Business Overview and Strategy" of the Trust’s management’s discussion and analysis for the three and six months ended June 30, 2026 (the “Quarterly MD&A”). On September 24, 2024, Primaris announced three-year growth targets for the period ended December 31, 2027. Primaris is now replacing those targets with updated three-year performance targets for the fiscal years ending 2027, 2028, and 2029. These new targets are not guidance, but are an outlook based on the anticipated execution of Primaris' strategic pillars. (unaudited) New 3-Year Targets 2027 to 2029 MD&A Section Reference In-place Occupancy 96% Section 8.1, "Occupancy" Average Annual Same Properties Cash NOI** growth 3% to 5% Section 9.1, "Components of Net Income (Loss)" Dispositions > $500 million Section 7.3, "Transactions" Capital Expenditures > $300 million Section 8.7, “Operating Capital Expenditures” Average Annual FFO** per unit 1 growth (fully diluted) 4% to 8% Section 9.2, "FFO** and AFFO**" Funds from Operations Payout Ratio** 45% to 50% Section 9.2, "FFO** and AFFO**" Average Net Debt** to Adjusted EBITDA** 5.0x - 6.0x Section 10.4, “Capital Structure” Average Annual Distribution Growth 4% to 8% Section 10.6, "Unit Equity and Distributions" * Denotes a non-GAAP measure. See Section 1, "Basis of Presentation" – "Use of Non-GAAP Measures” and Section 12, "Non-GAAP Measures" of the Quarterly MD&A. 1 Per weighted average diluted units outstanding calculated on a diluted basis, assuming the exchange of Exchangeable Preferred LP Units for Trust Units. See Section 10.6, "Unit Equity and Distributions" of the MD&A. The previously published three-year growth targets for the period September 24, 2024 to December 31, 2027, together with the progress to date are reproduced below. These growth targets have been replaced by the new three year performance targets above. (unaudited) 3-Year Targets September 24, 2024 to December 31, 2027 Progress to Date Notes MD&A Section Reference In-place Occupancy New Target: 94% to 96% (updated July 30, 2025) Prior Target: 96% 86.6% 93%x-HBC 1 96% Committed, x-HBC 1 HBC filed for CCAA in 2025 Section 8.1, "Occupancy" Annual Same Properties Cash NOI

TORONTO--(BUSINESS WIRE)-- Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) will be releasing its financial results for the quarter ended September 30, 2026, on Wednesday, October 28, 2026, after the market closes. Conference Call and Webcast: Date: Thursday, October 29, 2026, at 10:00 a.m. (ET) Dial: 1-833-461-5787 Passcode: 354 767 001 Link: Please go to the Investor Relations section on Primaris’ website or click here . The call will be accessible for replay on the Investor Relations section of the website. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The proforma portfolio totals 15.6 million square feet, valued at approximately $5.6 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape. For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca Alex Avery Chief Executive Officer 416-642-7837 aavery@primarisreit.com Rags Davloor Chief Financial Officer 416-645-3716 rdavloor@primarisreit.com Julian Schonfeldt Chief Investment Officer 647-212-6519 jschonfeldt@primarisreit.com Claire Mahaney VP, Investor Relations & Sustainability 647-949-3093 cmahaney@primarisreit.com Timothy Pire Chair of the Board chair@primarisreit.com Source: Primaris Real Estate Investment Trust

TORONTO--(BUSINESS WIRE)-- Primaris Real Estate Investment Trust (“Primaris” or the “REIT”) (TSX: PMZ.UN) announced today that it has agreed to acquire a 100% interest in Upper Canada Mall in Newmarket, Ontario for $411 million, to be satisfied in cash (the “Acquisition”). The Acquisition further advances Primaris’ strategy of acquiring market-leading enclosed shopping centres in growing Canadian markets, where the REIT can deploy its full-service operating platform to drive income growth and long-term per unit value creation. Upper Canada Mall Highlights The Acquisition is expected to be modestly accretive to annualized fully diluted FFO** per unit; 990,114 square foot mall located on 76 acres of land in the Greater Toronto Area (“GTA”); $888 per square foot same store sales productivity and total annual CRU 1 sales volume of $271 million; Attractive tenant profile including Apple, Aritzia, Browns, Lululemon, Sport Chek, Uniqlo, Winners, and more; Significant upside available from lease-up of vacant space and monetization of excess land; and The Acquisition is expected to close by October 31, 2026, subject to the satisfaction of customary closing conditions, including any required regulatory approvals. “Upper Canada Mall is a dominant GTA shopping centre with strong demographics, an exceptional tenant mix and significant embedded growth potential,” said Patrick Sullivan, President and Chief Operating Officer. “We see meaningful opportunities to grow NOI through leasing, active asset management and operational efficiencies. Our platform and operating expertise position us well to unlock that potential over the coming years.” “Interest in enclosed shopping centres is growing, and Upper Canada Mall was the subject of a broadly marketed process,” said Julian Schonfeldt, Chief Investment Officer. “Our reputation as a well-capitalized, reliable buyer with a proven operating platform continues to position Primaris as a preferred counterparty for vendors. This acquisition reflects our disciplined approach: a productive, high-quality centre in the GTA, that is modestly accretive, with additional upside from lease-up and excess land.” “Upper Canada Mall is exactly the type of asset Primaris is built to own,” said Alex Avery, Chief Executive Officer. “The acquisition adds a high quality GTA shopping centre to our portfolio and further strengthens the quality, scale and growth profile of Primaris. Driving our proforma same store sales productivity to $829, this acquisition is another important step in building Canada’s leading portfolio of market dominant enclosed shopping centres.” ____________________ 1 Commercial retail unit ("CRU") tenants that lease units up to 15,000 square feet and include food court and kiosk tenants. Upper Canada Mall Property Highlights Leading regional enclosed shopping centre located in Newmarket, Ontario, a suburb of the GTA; Strategically located at the intersection of Yonge Street and Davis Drive, with convenient access to Highways 400 and 404; Bus Rapid Transit terminal located adjacent to the south entrance, with the Newmarket GO Station approximately 1.8 kilometres away; 990,114 square foot mall located on 76 acres of land, with approximately 23% site coverage; $888 per square foot same store sales productivity and total annual CRU sales volume of $271 million; 65% long-term in-place occupancy, 70% in-place occupancy, and approximately 80% committed occupancy (excluding the vacant HBC space, in-place occupancy is 82%); Weighted average lease term of 4.2 years; Significant investment in the property, including an expansion completed in 2008 that added 148,000 square feet of retail space and a new food court, the opening of Market & Co. in 2018, and a new Yonge Street entrance completed in 2025; BOMA BEST Platinum certified; Large-format tenants include Winners, Sport Chek, Aritzia, Uniqlo and Zara; and Notable CRU tenants include Apple, Sephora, Lululemon, Victoria’s Secret, and Browns. Updated 2026 Guid

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO--(BUSINESS WIRE)-- Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today the closing of the previously announced public offering (the “Offering”) of Series A trust units of Primaris (the “Units”) to a syndicate of underwriters bookrun by TD Securities Inc., Desjardins Capital Markets and RBC Capital Markets (the “Underwriters”), on a bought-deal basis. A total of 11,396,500 Units were issued at a price of $20.20 per Unit pursuant to the Offering for total gross proceeds of $230,209,300, which includes gross proceeds from the exercise in full of the over-allotment option granted to the Underwriters to purchase 1,486,500 Units. The Units were offered in each of the provinces and territories of Canada pursuant to a prospectus supplement dated September 16, 2026, filed under Primaris’ short form base shelf prospectus dated September 8, 2026. The terms of the Offering are described in the prospectus supplement, which is available under the Trust’s profile on SEDAR+ at www.sedarplus.ca . The Units have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”), or any state securities laws. Accordingly, the Units may not be offered, sold or delivered, directly or indirectly, in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 14.6 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape. For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca Alex Avery Chief Executive Officer 416-642-7837 aavery@primarisreit.com Rags Davloor Chief Financial Officer 416-645-3716 rdavloor@primarisreit.com Julian Schonfeldt Chief Investment Officer 647-212-6519 jschonfeldt@primarisreit.com Claire Mahaney VP, Investor Relations & Sustainability 647-949-3093 cmahaney@primarisreit.com Timothy Pire Chair of the Board chair@primarisreit.com Source: Primaris Real Estate Investment Trust

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES The base shelf prospectus is accessible, and the shelf prospectus supplement will be accessible within two business days through SEDAR+ TORONTO, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Primaris Real Estate Investment Trust ("Primaris" or the "Trust") (TSX:PMZ.UN) announced today that it has entered into an agreement with a syndicate of underwriters bookrun by TD Securities Inc., Desjardins Capital Markets and RBC Capital Markets (the “Underwriters”), pursuant to which the Underwriters will purchase, on a bought-deal basis, an aggregate of 9,910,000 units of Primaris ("REIT Units") at a price of $20.20 per REIT Unit (the "Offering") for gross proceeds of approximately $200 million. The Offering is expected to close on or about September 22, 2026, and is subject to customary closing conditions, including the approval of the Toronto Stock Exchange. Primaris has granted the Underwriters an over-allotment option to purchase up to an additional 1,486,500 REIT Units from treasury on the same terms and conditions, exercisable at any time, in whole or in part, for a period of 30 days following the closing of the Offering. If the over-allotment option is exercised in full, the total gross proceeds of the Offering to Primaris will be approximately $230 million. Primaris intends to use the net proceeds from the Offering to fund the Trust's future acquisitions and for general trust purposes. The Trust is in various stages of negotiations on potential acquisitions with an aggregate potential purchase price of over $1 billion. "Primaris continues to benefit from a strong balance sheet, growing cash flow and a differentiated portfolio of market-leading enclosed shopping centres. This offering further enhances our financial flexibility and liquidity, positioning us to capitalize on attractive acquisition opportunities while maintaining our disciplined approach to capital allocation and leverage management," said Alex Avery, Chief Executive Officer. The REIT Units will be offered in all provinces and territories of Canada pursuant to Primaris’ base shelf prospectus, dated September 8, 2026, as supplemented by a prospectus supplement to be filed with the Canadian securities regulators in all of the provinces and territories of Canada. Access to the shelf prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to the documents. The base shelf prospectus is accessible, and the shelf prospectus supplement will be accessible within two business days, through SEDAR+ at www.sedarplus.ca . An electronic or paper copy of the shelf prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from: TD Securities Inc. at 1625 Tech Avenue, Mississauga, Ontario, L4W 5P5, Attention: Symcor, NPM, or by telephone at (289) 360-2009 or by email at sdcconfirms@td.com ; or Desjardins Capital Markets at 25 York St., 10th Floor, Toronto, Ontario M5J 2V5, Attention: Equity Capital Markets or by email at ecm@desjardins.com ; or RBC Dominion Securities Inc., 180 Wellington Street West, 8th Floor, Toronto, Ontario M5J 0C2, Attention: Distribution Centre, by e-mail at Distribution.RBCDS@rbccm.com ; by providing the contact with an email address or address, as applicable. The base shelf prospectus and prospectus supplement will contain important detailed information about the Trust and the Offering. Prospective investors should read the shelf prospectus and prospectus supplement (when filed) and the other documents the Trust has filed on SEDAR+ before making an investment decision. The REIT Units have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities A

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 $0.07333 per unit for the month of September 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on October 15, 2026 to unitholders of record on September 29, 2026. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 14.6 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape. For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca Alex Avery Chief Executive Officer 416-642-7837 aavery@primarisreit.com Rags Davloor Chief Financial Officer 416-645-3716 rdavloor@primarisreit.com Claire Mahaney VP, Investor Relations & Sustainability 647-949-3093 cmahaney@primarisreit.com Timothy Pire Chair of the Board chair@primarisreit.com Source: Primaris Real Estate Investment Trust

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 $0.07333 per unit for the month of August 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on September 15, 2026 to unitholders of record on August 31, 2026. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 14.6 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape. For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca Alex Avery Chief Executive Officer 416-642-7837 aavery@primarisreit.com Rags Davloor Chief Financial Officer 416-645-3716 rdavloor@primarisreit.com Claire Mahaney VP, Investor Relations & Sustainability 647-949-3093 cmahaney@primarisreit.com Timothy Pire Chair of the Board chair@primarisreit.com Source: Primaris Real Estate Investment Trust

Primaris Real Estate Investment Trust (“Primaris” or “the Trust”) (TSX: PMZ.UN) announced today financial and operating results for the second quarter ended June 30, 2026. Financial and Operating Results Highlights $174.1 million total rental revenue; $825 per square foot total same stores sales productivity; +0.5% growth in Same Properties Cash Net Operating Income** ("Cash NOI") (or +1.1% excluding the $0.4 million prior year property tax recoveries recorded in 2025 over 2026); 91.1% committed occupancy, 86.6% in-place occupancy, and 83.5% long-term in-place occupancy; 80.1% combined operating cost recovery ratio; +7.4% weighted average spread on renewing net rents* across 482,000 square feet; 141 CRU lease deals across 287,000 square feet at average net rents of $56.30; +1.3% growth in Funds from Operations** ("FFO") per average diluted unit to $0.451; (or +5.4% excluding the impacts of both the $1.9 million terminated transaction costs recorded in 2026 and

Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of July 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on August 17, 2026 to unitholders of record on July 31, 2026. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 14.6 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the

Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) will be releasing its financial results for the quarter ended June 30, 2026, on Wednesday, July 29, 2026, after the market closes. Conference Call and Webcast: Date: Thursday, July 30, 2026, at 10:00 a.m. (ET) Dial: 1-833-461-5787 Passcode: 781 464 865 Link: Please go to the Investor Relations section on Primaris’ website or click here. The call will be accessible for replay on the Investor Relations section of the website. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 14.6 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service

Primaris Real Estate Investment Trust (“Primaris” or the “REIT”) (TSX: PMZ.UN) today provides an update on leasing and redevelopment progress across its portfolio providing visibility to approximately $52 million of incremental annual net operating income**, excluding straight-line rent adjustments, (“Cash NOI”), announces $99.5 million in non-core enclosed shopping centre dispositions and $68.5 million in strategic acquisitions, and details its land optimization strategy. Highlights Exceptional Leasing Progress: Visibility to approximately $52 million of incremental annual Cash NOI** resulting from leasing activity commencing by June 30, 2029; $18.9 million of annualized net rent, or approximately $22 million Cash NOI**, anticipated from former HBC premises, upon lease commencement, from a diversified mix of high credit quality tenants; 84% (881,400 square feet) of former HBC space is leased or in advanced negotiations, with 58% (608,500 square

Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of June 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on July 15, 2026 to unitholders of record on June 30, 2026. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.1 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian

Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of May 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on June 15, 2026 to unitholders of record on May 29, 2026. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.2 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian

Primaris Real Estate Investment Trust (“ Primaris ” or the “ Trust ”) (TSX: PMZ.UN) announced today that each of the trustee nominees listed in the management information circular of Primaris dated March 31, 2026 (the “Circular”) were elected as trustees of the Trust at the annual general meeting of unitholders held April 30, 2026 (the “Meeting”). Voting results for the individual trustees of the Trust are as follows: Number of Units Voted For Percentage of Units Voted For Number of Units Withheld from Voting Percentage of Units Withheld from Voting Alex Avery 89,834,663 99.92 % 68,178 0.08 % Avtar Bains 89,763,162 99.84 % 139,679 0.16 % Anne Fitzgerald 85,563,347 95.17 % 4,339,493 4.83 % Louis Forbes 89,469,465 99.52 % 433,375 0.48 % Timothy Pire 89,375,869 99.41 % 526,972 0.59 % Deborah Weinswig 89,511,518 99.56 % 391,322 0.44 % In addition, Primaris is pleased to announce that the non-binding advisory resolution on the

Primaris Real Estate Investment Trust (“Primaris” or “the Trust”) (TSX: PMZ.UN) announced today financial and operating results for the first quarter ended March 31, 2026. Financial and Operating Results Highlights $177.0 million total rental revenue; $734 per square foot total same stores sales productivity; -2.1% change in Same Properties Cash Net Operating Income** ("Cash NOI") growth (or +1.7% excluding the $2.5 million prior year property tax recoveries recorded in 2025); 89.9% committed occupancy, 86.4% in-place occupancy (including vacancy from disclaimed HBC locations of 1.0 million square feet), and 82.4% long-term in-place occupancy; 78.5% combined recovery ratio; +5.5% weighted average spread on renewing net rents across 372,000 square feet; 154 CRU lease deals across 288,000 square feet at average net rents of $53.60; -3.2% change in Funds from Operations** ("FFO") per average diluted unit to $0.425; (or +1.6% excluding the $2.5 million prior year property tax recoveries

Immostar and Primaris REIT (“Primaris”) announced today the $62.3 million acquisition and closing of the north and south open-air retail centres (collectively “Complexes Capitale”) located immediately adjacent to Primaris’ enclosed shopping centre, Les Galeries de la Capitale. Situated in the heart of the Lebourgneuf sector, Complexes Capitale totals 307,900 square feet of gross leasable area and is 100% leased to national tenants. Complexes Capitale represents a highly strategic investment for Immostar and Primaris, enabling coordinated and enhanced development planning across the entire Galeries de la Capitale site. Complexes Capitale Highlights $62.3 million acquisition, with Immostar as managing partner owning a 75% interest and Primaris as non-managing partner owning a 25% interest; Located immediately north and south of Les Galeries de la Capitale; 307,900 square feet of open-air retail on 29 acres of land, resulting in approximately 22% total

Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of April 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on May 15, 2026 to unitholders of record on April 30, 2026. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.2 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the

Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) will be releasing its financial results for the quarter ended March 31, 2026, on Wednesday, April 29, 2026, after the market closes. On Thursday, April 30, 2026, Primaris will host its hybrid 2026 Annual General Meeting, and will host a conference call and webcast presentation to discuss the quarterly financial and operating results. Hybrid Annual General Meeting: Date: Thursday, April 30, 2026, at 10:00 a.m. (ET) Virtual: To attend virtually please go to the Investor Relations section on Primaris’ website or click here . In-Person: Blake, Cassels, & Graydon LLP, 199 Bay Street, 40th Floor, Suite 4000, Toronto, Canada, M5L 1A9. The Annual General Meeting will be accessible for replay until April 30, 2027 on the Investor Relations section of the website. Conference Call and Webcast: Date: Thursday, April 30, 2026, at 11:30 a.m. (ET) Dial: 1-833-461-5787 Passcode: 900547134

Primaris Real Estate Investment Trust (“Primaris” or the “REIT”) (TSX: PMZ.UN) today announced the appointment of Julian Schonfeldt as Chief Investment Officer (“CIO”), effective April 1, 2026. With the significant growth of Primaris’ portfolio over the past few years, and an increasing set of investment opportunities in its expanded portfolio, as well as continued acquisition and disposition opportunities, the appointment of a dedicated CIO further strengthens the management team and enhances focus across the organization. In his role as CIO, Mr. Schonfeldt will oversee Primaris’ investment activities and capital allocation initiatives, including acquisitions, dispositions, portfolio optimization, and investment underwriting. He will work closely with the rest of the executive team to ensure disciplined capital deployment remains aligned with Primaris’ existing clear and focused strategy, and long‑term value creation objectives.

Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of March 2026, representing $0.88 per unit on an annualized basis. The distribution will be payable on April 15, 2026 to unitholders of record on March 31, 2026. About Primaris Real Estate Investment Trust Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.2 million square feet, valued at approximately $5.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the

Primaris Real Estate Investment Trust (“Primaris” or “the Trust”) (TSX: PMZ.UN) announced today that it has received acceptance from the Toronto Stock Exchange (“TSX”) of Primaris’ notice of intention to renew its normal course issuer bid (“NCIB”). Under the NCIB, Primaris will have the ability to purchase for cancellation up to a maximum of 9,042,733 of its Series A units (“Units”) on the open market, representing 10% of the “public float” (calculated in accordance with TSX rules) as of February 27, 2026. As of February 27, 2026, the number of issued and outstanding Units was 117,865,178. The NCIB will commence on March 11, 2026, the day after the Trust’s current NCIB expires, and remain in effect until the earlier of March 10, 2027 and the date on which Primaris has purchased the maximum number of Units permitted under the NCIB. Purchases of Units under the NCIB will be made in accordance with TSX