Primaris Retail REIT
TSX : PMZ.UN

Primaris Retail REIT

November 03, 2006 13:26 ET

CORRECTION FROM SOURCE: Primaris Retail REIT Updates Financial Table

TORONTO, ONTARIO--(CCNMatthews - Nov. 3, 2006) - In the Primaris Retail REIT (TSX:PMZ.UN) press release issued November 2, 2006 @ 16:52ET a typographical error occurred in the table titled "Interim Consolidated Balance Sheets".

Below is an updated table, which should be used in place of the original.



PRIMARIS RETAIL REAL ESTATE INVESTMENT TRUST

Interim Consolidated Balance Sheets
(In thousands of dollars)

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September 30, December 31,
2006 2005
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(Unaudited)
Assets

Income-producing properties $ 1,198,296 $ 1,093,424
Deferred costs 26,918 20,050
Rents receivable 4,023 3,195
Other assets and receivables 45,950 14,346
Cash and cash equivalents - 62,872
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$ 1,275,187 $ 1,193,887
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Liabilities and Unitholders' Equity

Liabilities:
Mortgages payable $ 705,383 $ 600,022
Convertible debentures 10,443 20,866
Bank indebtedness 57 -
Accounts payable and other liabilities 43,864 34,985
Distribution payable 4,890 4,791
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764,637 660,664

Unitholders' equity 510,550 533,223

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$ 1,275,187 $ 1,193,887


Contact Information

  • Primaris Retail REIT
    R. Michael Latimer
    Chief Executive Officer
    (416) 865-5353
    or
    Primaris Retail REIT
    Louis M. Forbes
    Senior Vice President, Chief Financial Officer
    (416) 865-5360