PMREF Stock Chart & Stats
$13.97
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Market closed
$13.97
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Day’s Range― - ―
52-Week Range$10.31 - $46.44
Previous CloseN/A
VolumeN/A
Average Volume (3M)139.00
Market Cap
$1.84B
Enterprise Value$4.96B
Total Cash (Recent Filing)$16.81M
Total Debt (Recent Filing)$2.61B
Price to Earnings (P/E)14.0
Beta1.42
Next Earnings
Aug 05, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield5.75%
Share Statistics
EPS (TTM)1.59
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 Cap2.69
Enterprise Value/Revenue7.30
Enterprise Value/Gross Profit12.86
Enterprise Value/Ebitda15.14
Forecast
1Y Price Target
$16.71Price Target Upside19.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.08
Revenue Forecast (FY)$504.38M
Bulls Say, Bears Say
Bulls Say
Cash Generation & ProfitabilityHigh margins and strong cash conversion mean rental revenue converts reliably into distributable cash and internal funding. For a retail REIT, TTM net margin ~28% and FCF near net income support sustainable distributions, targeted reinvestment in properties, and consistent ability to service debt without heavy external financing.
Asset-backed National Retail PortfolioA nationwide portfolio of enclosed shopping centres provides an asset-backed business with diversified tenant mixes and regional exposure. Scale in ownership and operations supports leasing efficiency, cost recovery, and occupancy management, helping sustain rental income and mitigate localized demand shocks over a multi-quarter horizon.
Improving Revenue And Operating ReturnsAcceleration in revenue and improved earnings performance indicate recovering demand and stronger leasing outcomes. Combined with an improved ROE noted elsewhere, these trends enhance reinvestment capacity, bolster internal funding for property enhancements, and support gradual value creation without immediate reliance on external capital.
Bears Say
Rising LeverageMaterial increase in debt and a debt-to-equity around 0.86 meaningfully reduces balance-sheet flexibility. Higher leverage raises refinancing and interest-rate sensitivity, limiting capacity for opportunistic redevelopments, increasing the need for steady cash generation, and elevating downside risk if retail cash flows weaken.
Weakening Free-cash-flow MomentumA sharp decline in recent free cash flow momentum, despite positive absolute FCF, shrinks the internal buffer for capex, debt reduction, or distributions. Over multiple quarters this limits the trust's ability to self-fund strategic investments or absorb tenant or macro shocks without increasing leverage or cutting payouts.
Earnings Volatility And Non-recurring SwingsHistoric swings—including a loss in 2022 and an unusually high 2021 profit—reflect sensitivity to non-recurring items and cyclical retail dynamics. This reduces predictability of cash flows and complicates multi-period planning for distributions, leasing budgets, and capital projects, increasing execution risk.
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 $1.84B.
When is Primaris Real Estate Investment Trust’s upcoming earnings report date?
Primaris Real Estate Investment Trust’s upcoming earnings report date is Aug 05, 2026 which is in 34 days.
How were Primaris Real Estate Investment Trust’s earnings last quarter?
Primaris Real Estate Investment Trust released its earnings results on Apr 29, 2026. The company reported $0.215 earnings per share for the quarter, beating the consensus estimate of N/A by $0.215.
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 $0.051 which represents an annual dividend yield of 5.75%. 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 $0.215 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -1.367%.
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:
$16.71 (19.61% Upside)
$16.71 (19.61% Upside)
Insider Transactions
Bought Shares
Worth $571.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 0.9%
Last 30 Days ▲ 0.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
1.92%
12-Months-Change
Fundamentals
Return on Equity
7.95%
Trailing 12-Months
Asset Growth
15.04%
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
$16.71
▲(19.61% Upside)
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Ownership Overview
0.64% Insiders
4.04% Mutual Funds
0.12% Other Institutional Investors
82.20% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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