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Primaris Real Estate Investment Trust(OTC) PMREF

Market Cap$1.85BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2022)+73%
5 YearN/A
1 Year+50%
1 Month+1%
$15.71
+0.00%
+0.00Today
Primaris Real Estate Investment Trust last closing stock price
MetricPriceDate
Last closeUSD 15.712026-08-10
Primaris Real Estate Investment Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-4.47%USD 16.452026-08-03
1 month+1.04%USD 15.552026-07-10
3 month+12.85%USD 13.922026-05-12
Year to date+45.75%USD 10.782025-12-29
1 year+50.3%USD 10.452025-08-07
3 year+82.3%USD 8.622023-08-08
Since inception+73.01%USD 9.082022-01-18

Primaris Real Estate Investment Trust Financials at a Glance

Market Cap

$1.85BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

CA$704.68M

Net Income (TTM)

CA$129.95M

EPS (TTM)

$0.69

P/E Ratio

22.37

Dividend

$0.63

Beta (Volatility)

0.25 (Low)

Price

$15.71

Volume

29,665

Open

$15.71

Previous Close

$15.71

Daily Range

$15.71 - $15.71

52-Week Range

$10.44 - $46.44

Estimated Earnings Date

Oct 28, 2026

PMREF News

No articles available.

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About Primaris Real Estate Investment Trust

Primaris Real Estate Investment Trust manages a diverse portfolio of real estate assets, primarily focused on enclosed malls across Canada. The company operates independently from H&R Real Estate Investment Trust since December 2021, emphasizing its commitment to growth and value creation.

Products and Services
  • Management of retail-focused real estate assets
  • Investment in enclosed shopping malls
  • Property leasing and tenant management services
Growth Outlook
  • Recent quarterly revenue reached CAD 177.77 million, showcasing strong operational performance
  • Trailing twelve months (TTM) net income stands at CAD 41.92 million, indicating profitability
  • Consistent dividend yield of approximately 3.84% reflects commitment to shareholder returns
Financial Highlights
  • TTM revenue of CAD 677.43 million demonstrates robust financial health
  • Operating income margin of 47.59% highlights effective cost management
  • Debt-to-equity ratio of 1.02 suggests balanced leverage strategy
Primaris Real Estate Investment Trust is positioned to capitalize on the growing demand for retail spaces in Canada. The company's focus on enclosed malls aligns with consumer preferences for experiential shopping environments. Recent financial performance indicates a solid foundation, with significant revenue and net income growth. The commitment to maintaining a competitive dividend yield further enhances its attractiveness to potential investors. With a strategic approach to asset management and a focus on operational efficiency, Primaris is well-equipped to navigate the evolving retail landscape.
AI Generated • Jul 17, 2026

Industry

Retail REITs

Sector

Real Estate

Employees

700

CEO

Alex Avery, CFA, MBA

Website

www.primarisreit.com

Headquarters

Toronto, ON M5J 2T3, CA

PMREF Financials

Key Financial Metrics (TTM)

Gross Margin

56.93%

Operating Margin

42.46%

Net Income Margin

18.44%

Return on Equity

5.23%

Return on Capital

7.03%

Return on Assets

2.43%

Earnings Yield

4.47%

Dividend Yield

4.02%

Payout Ratio

76.63%

Stock Overview

Market Cap

$1.85BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

117.66M

Volume

29.66K

Avg. Volume

47.70K

Financials (TTM)

Gross Profit

CA$401.17M

Operating Income

CA$281.60M

EBITDA

CA$267.63M

Operating Cash Flow

CA$232.14M

Capital Expenditure

-CA$25.61M

Free Cash Flow

CA$206.53M

Cash & ST Invst.

CA$45.15M

Total Debt

CA$2.67B

Primaris Real Estate Investment Trust Performance Analysis

Primaris Real Estate Investment Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31CAD 294,749,75847.6%
20232023-12-31CAD 310,336,4055.3%
20242024-12-31CAD 373,471,78720.3%
20252025-12-31CAD 469,365,46725.7%
Primaris Real Estate Investment Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-306.6%
Q42025-12-3117.0%
Q12026-03-31-6.0%
Q22026-06-30-1.0%
Primaris Real Estate Investment Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31CAD -0.09N/A
20232023-12-31CAD 0.76N/A
20242024-12-31CAD 0.54-29.5%
20252025-12-31CAD 1.0392.2%
Primaris Real Estate Investment Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-31.9%
Q42025-12-3143.8%
Q12026-03-31-21.7%
Q22026-06-30-133.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

CA$176.02M

+16.1%

Gross Profit

CA$101.31M

+17.3%

Gross Margin

57.56%

N/A

Market Cap

$1.85BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.64M

N/A

Employees

700

N/A

Net Income

-CA$13.68M

-127.2%

EBITDA

CA$22.69M

-69.9%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

CA$45.15M

+714.2%

Total Debt

CA$2.67B

+29.0%

Accounts Receivable

CA$12.21M

-77.8%

Inventory

CA$0.00

N/A

Long Term Debt

CA$1.89B

-2.8%

Short Term Debt

CA$785.71M

+497.5%

Return on Assets

2.43%

N/A

Return on Invested Capital

6.56%

N/A

Free Cash Flow

CA$51.09M

-4.6%

Operating Cash Flow

CA$61.04M

+13.9%

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Questions About PMREF

What is the current price of Primaris Real Estate Investment Trust?

Primaris Real Estate Investment Trust is trading at $15.71 per share.

What is the 52-week range for Primaris Real Estate Investment Trust?

Over the past 52 weeks, Primaris Real Estate Investment Trust has traded between $10.44 and $46.44.

How much debt does Primaris Real Estate Investment Trust have?

As of the most recent reporting period, Primaris Real Estate Investment Trust reported total debt of CA$1.88B.

How much cash does Primaris Real Estate Investment Trust have on hand?

Primaris Real Estate Investment Trust reported CA$31.81M in cash and cash equivalents in its most recent financial results.

What is Primaris Real Estate Investment Trust’s dividend yield?

Primaris Real Estate Investment Trust currently has a dividend yield of 4.02%.

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