PMRE.F 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. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
My Notes
Capture your thoughts, links and company narrative
Primaris Real Estate Investment Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$10.25 |
| 52 Week High | CA$12.17 |
| 52 Week Low | CA$9.25 |
| Beta | 1.09 |
| 1 Month Change | -4.65% |
| 3 Month Change | -9.69% |
| 1 Year Change | 2.50% |
| 3 Year Change | -8.48% |
| 5 Year Change | n/a |
| Change since IPO | -12.39% |
Recent News & Updates
Recent updates
Shareholder Returns
| PMRE.F | US Retail REITs | US Market | |
|---|---|---|---|
| 7D | 0% | 0.7% | 0.2% |
| 1Y | 2.5% | 12.5% | 22.0% |
Return vs Industry: PMRE.F underperformed the US Retail REITs industry which returned 12.5% over the past year.
Return vs Market: PMRE.F underperformed the US Market which returned 22% over the past year.
Price Volatility
| PMRE.F volatility | |
|---|---|
| PMRE.F Average Weekly Movement | n/a |
| Retail REITs Industry Average Movement | 2.9% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in US Market | 18.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: PMRE.F's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: Insufficient data to determine PMRE.F's volatility change over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2021 | n/a | Alex Avery | www.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
| PMRE.F fundamental statistics | |
|---|---|
| Market cap | US$1.03b |
| Earnings (TTM) | US$85.27m |
| Revenue (TTM) | US$319.46m |
12.1x
P/E Ratio3.2x
P/S RatioIs PMRE.F overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PMRE.F income statement (TTM) | |
|---|---|
| Revenue | CA$457.86m |
| Cost of Revenue | CA$197.24m |
| Gross Profit | CA$260.63m |
| Other Expenses | CA$138.42m |
| Earnings | CA$122.21m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
Feb 13, 2025
| Earnings per share (EPS) | 1.22 |
| Gross Margin | 56.92% |
| Net Profit Margin | 26.69% |
| Debt/Equity Ratio | 79.5% |
How did PMRE.F perform over the long term?
See historical performance and comparisonDividends
5.8%
Current Dividend Yield47%
Payout RatioDoes PMRE.F pay a reliable dividends?
See PMRE.F dividend history and benchmarks| Primaris Real Estate Investment Trust dividend dates | |
|---|---|
| Ex Dividend Date | Jan 31 2025 |
| Dividend Pay Date | Feb 17 2025 |
| Days until Ex dividend | 8 days |
| Days until Dividend pay date | 9 days |
Does PMRE.F pay a reliable dividends?
See PMRE.F dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 18:30 |
| End of Day Share Price | 2025/01/30 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Primaris Real Estate Investment Trust is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Rothschild | Canaccord Genuity |
| Sumayya Syed Hussain | CIBC Capital Markets |
| Dean Wilkinson | CIBC Capital Markets |