PRIMARIS REIT (PMZ-UN.CA) Stock Fundamental Analysis
TSX:PMZ-UN - Toronto Stock Exchange - CA74167K1093 - REIT - Currency: CAD
Taking everything into account, PMZ-UN scores 3 out of 10 in our fundamental rating. PMZ-UN was compared to 37 industry peers in the Diversified REITs industry. PMZ-UN has a medium profitability rating, but doesn't score so well on its financial health evaluation. PMZ-UN has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year PMZ-UN was profitable.
PMZ-UN had a positive operating cash flow in the past year.
In multiple years PMZ-UN reported negative net income over the last 5 years.
PMZ-UN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
PMZ-UN has a Return On Assets (1.41%) which is comparable to the rest of the industry.
With a Return On Equity value of 2.95%, PMZ-UN perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
PMZ-UN has a Return On Invested Capital (4.36%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for PMZ-UN is in line with the industry average of 5.23%.
The last Return On Invested Capital (4.36%) for PMZ-UN is above the 3 year average (4.04%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 2.95% | ||
| ROIC | 4.36% |
ROA(3y)1.37%
ROA(5y)-2.46%
ROE(3y)2.65%
ROE(5y)-6.77%
ROIC(3y)4.04%
ROIC(5y)4.06%
1.3 Margins
With a Profit Margin value of 12.15%, PMZ-UN perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
PMZ-UN's Profit Margin has declined in the last couple of years.
The Operating Margin of PMZ-UN (50.91%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of PMZ-UN has declined.
PMZ-UN's Gross Margin of 57.56% is in line compared to the rest of the industry. PMZ-UN outperforms 43.24% of its industry peers.
In the last couple of years the Gross Margin of PMZ-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.91% | ||
| PM (TTM) | 12.15% | ||
| GM | 57.56% |
OM growth 3Y-2.72%
OM growth 5YN/A
PM growth 3Y-51.36%
PM growth 5YN/A
GM growth 3Y0.31%
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PMZ-UN is destroying value.
PMZ-UN has more shares outstanding than it did 1 year ago.
PMZ-UN has a worse debt/assets ratio than last year.
2.2 Solvency
PMZ-UN has a debt to FCF ratio of 12.44. This is a negative value and a sign of low solvency as PMZ-UN would need 12.44 years to pay back of all of its debts.
PMZ-UN has a Debt to FCF ratio of 12.44. This is in the better half of the industry: PMZ-UN outperforms 78.38% of its industry peers.
PMZ-UN has a Debt/Equity ratio of 1.03. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.03, PMZ-UN perfoms like the industry average, outperforming 59.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 12.44 | ||
| Altman-Z | N/A |
ROIC/WACC0.6
WACC7.2%
2.3 Liquidity
PMZ-UN has a Current Ratio of 0.54. This is a bad value and indicates that PMZ-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.54, PMZ-UN is in the better half of the industry, outperforming 78.38% of the companies in the same industry.
A Quick Ratio of 0.54 indicates that PMZ-UN may have some problems paying its short term obligations.
PMZ-UN has a better Quick ratio (0.54) than 83.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.54 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
PMZ-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -49.27%.
The earnings per share for PMZ-UN have been decreasing by -39.76% on average. This is quite bad
Looking at the last year, PMZ-UN shows a very strong growth in Revenue. The Revenue has grown by 22.84%.
Measured over the past years, PMZ-UN shows a very strong growth in Revenue. The Revenue has been growing by 26.51% on average per year.
EPS 1Y (TTM)-49.27%
EPS 3Y-39.76%
EPS 5YN/A
EPS Q2Q%-39.52%
Revenue 1Y (TTM)22.84%
Revenue growth 3Y26.51%
Revenue growth 5YN/A
Sales Q2Q%26%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 26.09, the valuation of PMZ-UN can be described as expensive.
62.16% of the companies in the same industry are more expensive than PMZ-UN, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of PMZ-UN to the average of the S&P500 Index (26.35), we can say PMZ-UN is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.09 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PMZ-UN is valued cheaply inside the industry as 83.78% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, PMZ-UN is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.11 | ||
| EV/EBITDA | 13.5 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.34%, PMZ-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.95, PMZ-UN is paying slightly less dividend.
PMZ-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
5.2 History
PMZ-UN has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
PMZ-UN pays out 128.50% of its income as dividend. This is not a sustainable payout ratio.
DP128.5%
EPS Next 2YN/A
EPS Next 3YN/A
TSX:PMZ-UN (6/20/2025, 7:00:00 PM)
14.61
-0.03 (-0.2%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners70.19%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap1.48B
Analysts76.67
Price Target17.81 (21.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
Yearly Dividend0.83
Dividend Growth(5Y)N/A
DP128.5%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-5.27%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.09 | ||
| Fwd PE | N/A | ||
| P/S | 2.78 | ||
| P/FCF | 8.11 | ||
| P/OCF | 8.11 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 13.5 |
EPS(TTM)0.56
EY3.83%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)1.8
FCFY12.32%
OCF(TTM)1.8
OCFY12.34%
SpS5.26
BVpS21.68
TBVpS21.68
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 2.95% | ||
| ROCE | 6.05% | ||
| ROIC | 4.36% | ||
| ROICexc | 4.41% | ||
| ROICexgc | 4.41% | ||
| OM | 50.91% | ||
| PM (TTM) | 12.15% | ||
| GM | 57.56% | ||
| FCFM | 34.22% |
ROA(3y)1.37%
ROA(5y)-2.46%
ROE(3y)2.65%
ROE(5y)-6.77%
ROIC(3y)4.04%
ROIC(5y)4.06%
ROICexc(3y)4.06%
ROICexc(5y)4.09%
ROICexgc(3y)4.1%
ROICexgc(5y)4.11%
ROCE(3y)5.61%
ROCE(5y)5.7%
ROICexcg growth 3Y13.07%
ROICexcg growth 5YN/A
ROICexc growth 3Y12.15%
ROICexc growth 5YN/A
OM growth 3Y-2.72%
OM growth 5YN/A
PM growth 3Y-51.36%
PM growth 5YN/A
GM growth 3Y0.31%
GM growth 5YN/A
F-Score6
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 12.44 | ||
| Debt/EBITDA | 8.3 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.58 | ||
| Cash Conversion | 66.78% | ||
| Profit Quality | 281.69% | ||
| Current Ratio | 0.54 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | N/A |
F-Score6
WACC7.2%
ROIC/WACC0.6
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-49.27%
EPS 3Y-39.76%
EPS 5YN/A
EPS Q2Q%-39.52%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)22.84%
Revenue growth 3Y26.51%
Revenue growth 5YN/A
Sales Q2Q%26%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y34.8%
EBIT growth 3Y23.07%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y22.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y21.02%
OCF growth 3YN/A
OCF growth 5YN/A