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Primaris Real Estate Investment Trust TSX:PMZ.UN Stock Report

Last Price

CA$13.46

Market Cap

CA$1.3b

7D

0.7%

1Y

6.4%

Updated

16 Jun, 2024

Data

Company Financials +

Primaris Real Estate Investment Trust

TSX:PMZ.UN Stock Report

Market Cap: CA$1.3b

PMZ.UN Stock Overview

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets.

PMZ.UN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends3/6

Primaris Real Estate Investment Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Primaris Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$13.46
52 Week HighCA$14.24
52 Week LowCA$12.11
Beta1.17
1 Month Change-0.44%
3 Month Change-0.81%
1 Year Change6.40%
3 Year Changen/a
5 Year Changen/a
Change since IPO7.17%

Recent News & Updates

Recent updates

Shareholder Returns

PMZ.UNCA Retail REITsCA Market
7D0.7%-1.3%-2.2%
1Y6.4%-9.0%8.0%

Return vs Industry: PMZ.UN exceeded the Canadian Retail REITs industry which returned -9% over the past year.

Return vs Market: PMZ.UN underperformed the Canadian Market which returned 8% over the past year.

Price Volatility

Is PMZ.UN's price volatile compared to industry and market?
PMZ.UN volatility
PMZ.UN Average Weekly Movement2.5%
Retail REITs Industry Average Movement2.3%
Market Average Movement8.3%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.0%

Stable Share Price: PMZ.UN has not had significant price volatility in the past 3 months.

Volatility Over Time: PMZ.UN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021n/aAlex Averywww.primarisreit.com

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform.

Primaris Real Estate Investment Trust Fundamentals Summary

How do Primaris Real Estate Investment Trust's earnings and revenue compare to its market cap?
PMZ.UN fundamental statistics
Market capCA$1.30b
Earnings (TTM)CA$112.57m
Revenue (TTM)CA$433.82m

11.5x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PMZ.UN income statement (TTM)
RevenueCA$433.82m
Cost of RevenueCA$187.75m
Gross ProfitCA$246.07m
Other ExpensesCA$133.51m
EarningsCA$112.57m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.17
Gross Margin56.72%
Net Profit Margin25.95%
Debt/Equity Ratio80.2%

How did PMZ.UN perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

50%

Payout Ratio

Does PMZ.UN pay a reliable dividends?

See PMZ.UN dividend history and benchmarks
When do you need to buy PMZ.UN by to receive an upcoming dividend?
Primaris Real Estate Investment Trust dividend dates
Ex Dividend DateJun 28 2024
Dividend Pay DateJul 15 2024
Days until Ex dividend12 days
Days until Dividend pay date29 days

Does PMZ.UN pay a reliable dividends?

See PMZ.UN dividend history and benchmarks
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