primaris real estate investment trust said tuesday that it has renewed its yearlong share repurchase program to buy back up to 10 of its units the canadian reit said the toronto stock exchange approved its normal course issuer bid to repurchase up to seven million series a units for cancellation since the beginning of the year the stock has risen 71 closing monday at 1568 canadian dollars 1152 shares have risen about 67 higher over the course of the last 12 months at mondays closing price the units would be worth c1101 million the normal course issuer bid will begin on march 9 and run until march 8 of next year