PMREF Stock Chart & Stats
$16.45
$0.00(0.00%)
At close: 4:00 PM EDT
$16.45
$0.00(0.00%)
Day’s Range― - ―
52-Week Range$10.31 - $46.44
Previous CloseN/A
Volume80.00
Average Volume (3M)139.00
Market Cap
$1.83B
Enterprise Value$5.69K
Total Cash (Recent Filing)$45.13M
Total Debt (Recent Filing)$2.67B
Price to Earnings (P/E)21.2
Beta1.46
Next Earnings
Nov 04, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield4.05%
Share Statistics
EPS (TTM)1.02
Shares Outstanding117,655,174
10 Day Avg. Volume0
30 Day Avg. Volume139
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.78
Price to Sales (P/S)3.01
P/FCF Ratio8.73
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$18.07Price Target Upside9.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.7
Revenue Forecast (FY)$506.82M
Bulls Say, Bears Say
Bulls Say
Identified $52M Incremental Annual Cash NOI PipelineA clearly identified $52M incremental cash‑NOI pipeline provides a durable earnings growth lever over the next 2–3 years. Because much of it is sourced from signed/committed deals and high‑productivity centre lease‑ups, it should sustainably lift recurring rental cash flows and FFO once leases commence.
Strong Leasing Momentum And Rising CRU RentsMeaningful leasing volume, positive leasing spreads and ~20%+ CRU rent growth since 2022 indicate improving tenant productivity and pricing power. These structural rent gains support higher same‑property NOI and margins over time as new rents roll onto the book and occupancy stabilizes.
Substantial Liquidity And Financing OptionalityLarge immediate liquidity and near‑term maturity cushion grant management runway to execute redevelopments, lease‑ups and land monetization without forced asset sales. Access to unsecured five‑year financing at attractive spreads improves flexibility to fund growth and manage refinancing risk.
Bears Say
Elevated Leverage And Rising Debt BurdenMaterially higher leverage raises refinancing sensitivity and interest expense exposure, constraining balance‑sheet flexibility. With net debt/EBITDA near ~6x, leverage could limit the pace of accretive redevelopments and increase downside cash‑flow volatility if leasing or disposition timing slips.
In‑place Occupancy Below Stabilized TargetA material occupancy gap implies meaningful upside is execution‑dependent. Until occupancy moves toward stabilized levels, a large portion of projected NOI and rent roll remains unrealized, leaving FFO and cash flow improvements contingent on timely lease commencements and redevelopment execution.
Execution/timing Risk On Redevelopments And Land MonetizationThe REIT’s growth thesis relies on multiple redevelopment, HBC re‑tenanting and land sale initiatives across 2027–2028. Slower sales, weaker land prices or construction/lease delays would push out NOI realization, creating multi‑period uncertainty in FFO and hampering planned reinvestment.
Primaris Real Estate Investment Trust News
PMREF FAQ
What was Primaris Real Estate Investment Trust’s price range in the past 12 months?
Primaris Real Estate Investment Trust lowest stock price was $10.31 and its highest was $46.44 in the past 12 months.
What is Primaris Real Estate Investment Trust’s market cap?
Primaris Real Estate Investment Trust’s market cap is $1.83B.
When is Primaris Real Estate Investment Trust’s upcoming earnings report date?
Primaris Real Estate Investment Trust’s upcoming earnings report date is Nov 04, 2026 which is in 68 days.
How were Primaris Real Estate Investment Trust’s earnings last quarter?
Primaris Real Estate Investment Trust released its earnings results on Jul 29, 2026. The company reported -$0.07 earnings per share for the quarter, missing the consensus estimate of N/A by N/A.
Is Primaris Real Estate Investment Trust overvalued?
According to Wall Street analysts Primaris Real Estate Investment Trust’s price is currently Undervalued.
Does Primaris Real Estate Investment Trust pay dividends?
Primaris Real Estate Investment Trust pays a Monthly dividend of $0.053 which represents an annual dividend yield of 4.05%. See more information on Primaris Real Estate Investment Trust dividends here
What is Primaris Real Estate Investment Trust’s EPS estimate?
Primaris Real Estate Investment Trust’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Primaris Real Estate Investment Trust have?
Primaris Real Estate Investment Trust has 117,655,174 shares outstanding.
What happened to Primaris Real Estate Investment Trust’s price movement after its last earnings report?
Primaris Real Estate Investment Trust reported an EPS of -$0.07 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of Primaris Real Estate Investment Trust?
Currently, no hedge funds are holding shares in PMREF
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Primaris Real Estate Investment Trust Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$18.07 (9.87% Upside)
$18.07 (9.87% Upside)
Insider Transactions
Bought Shares
Worth $629.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▲ 2.0%
Last 30 Days ▼ 2.5%
Last 30 Days ▼ 2.5%
Technicals
SMA
Positive
20 days / 200 days
Momentum
1.92%
12-Months-Change
Fundamentals
Return on Equity
4.05%
Trailing 12-Months
Asset Growth
7.90%
Trailing 12-Months
Company Description
Primaris Real Estate Investment Trust
Primaris Real Estate Investment Trust owns a portfolio of real estate assets, primarily enclosed shopping malls, all of which were previously part of H&R REIT's holdings. These properties are situated exclusively within Canada. As of December 31, 2021, Primaris (TSX:PMZ.UN) functions as an entity entirely separate from H&R Real Estate Investment Trust.
PMREF Stock 12 Month Forecast
Average Price Target
$18.07
▲(9.87% Upside)
RioCan Real Estate Investment
―
Crombie Real Estate ate
―
First Capital Realty
―
Plaza Retail REIT
―
SmartCentres Real Estate Investment Trust
―
Ownership Overview
0.67% Insiders
4.04% Mutual Funds
0.12% Other Institutional Investors
81.88% Public Companies and
Individual Investors