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 36 industry peers in the Diversified REITs industry. There are concerns on the financial health of PMZ-UN while its profitability can be described as average. PMZ-UN has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
PMZ-UN had positive earnings in the past year.
In the past year PMZ-UN had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 1.41%, PMZ-UN is in line with its industry, outperforming 55.56% of the companies in the same industry.
PMZ-UN's Return On Equity of 2.95% is in line compared to the rest of the industry. PMZ-UN outperforms 55.56% of its industry peers.
The Return On Invested Capital of PMZ-UN (4.36%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for PMZ-UN is in line with the industry average of 5.75%.
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
PMZ-UN's Profit Margin of 12.15% is in line compared to the rest of the industry. PMZ-UN outperforms 55.56% of its industry peers.
PMZ-UN's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 50.91%, PMZ-UN perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
PMZ-UN's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 57.56%, PMZ-UN perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
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.
The number of shares outstanding for PMZ-UN has been increased compared to 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.
With a decent Debt to FCF ratio value of 12.44, PMZ-UN is doing good in the industry, outperforming 77.78% of the companies in the same industry.
A Debt/Equity ratio of 1.03 is on the high side and indicates that PMZ-UN has dependencies on debt financing.
The Debt to Equity ratio of PMZ-UN (1.03) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 12.44 | ||
| Altman-Z | N/A |
ROIC/WACC0.71
WACC6.13%
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.
PMZ-UN has a Current ratio of 0.54. This is amongst the best in the industry. PMZ-UN outperforms 83.33% of its industry peers.
PMZ-UN has a Quick 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.
PMZ-UN's Quick ratio of 0.54 is amongst the best of the industry. PMZ-UN outperforms 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.54 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
The earnings per share for PMZ-UN have decreased strongly by -49.27% in the last year.
PMZ-UN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -39.76% yearly.
PMZ-UN shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.84%.
PMZ-UN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 26.51% yearly.
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
With a Price/Earnings ratio of 27.20, PMZ-UN can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of PMZ-UN is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.30. PMZ-UN is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.2 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PMZ-UN is valued cheaper than 86.11% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PMZ-UN is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.64 | ||
| EV/EBITDA | 13.84 |
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
PMZ-UN has a Yearly Dividend Yield of 6.34%, which is a nice return.
PMZ-UN's Dividend Yield is comparable with the industry average which is at 7.85.
Compared to an average S&P500 Dividend Yield of 2.35, PMZ-UN pays a better dividend.
| 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 (7/11/2025, 7:00:00 PM)
15.23
+0.08 (+0.53%)
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 Cap1.58B
Analysts78.18
Price Target17.81 (16.94%)
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)0.3%
PT rev (3m)-3.68%
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 | 27.2 | ||
| Fwd PE | N/A | ||
| P/S | 2.96 | ||
| P/FCF | 8.64 | ||
| P/OCF | 8.63 | ||
| P/B | 0.72 | ||
| P/tB | 0.72 | ||
| EV/EBITDA | 13.84 |
EPS(TTM)0.56
EY3.68%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)1.76
FCFY11.58%
OCF(TTM)1.76
OCFY11.59%
SpS5.15
BVpS21.23
TBVpS21.23
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
WACC6.13%
ROIC/WACC0.71
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