PRIMARIS REIT (PMZ-UN.CA) Stock Fundamental Analysis

TSX:PMZ-UN • CA74167K1093

18.26 CAD
+0.31 (+1.73%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

PMZ-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 35 industry peers in the Diversified REITs industry. While PMZ-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on PMZ-UN.


Dividend Valuation Growth Profitability Health

7

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.
  • PMZ-UN had positive earnings in 4 of the past 5 years.
  • Of the past 5 years PMZ-UN 4 years had a positive operating cash flow.
PMZ-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFPMZ-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 2025 0 200M -200M -400M

1.2 Ratios

  • The Return On Assets of PMZ-UN (3.47%) is better than 94.29% of its industry peers.
  • Looking at the Return On Equity, with a value of 7.23%, PMZ-UN belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.79%, PMZ-UN is in the better half of the industry, outperforming 77.14% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for PMZ-UN is in line with the industry average of 5.26%.
  • The last Return On Invested Capital (4.79%) for PMZ-UN is above the 3 year average (4.23%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.47%
ROE 7.23%
ROIC 4.79%
ROA(3y)2.65%
ROA(5y)3.61%
ROE(3y)5.26%
ROE(5y)6.15%
ROIC(3y)4.23%
ROIC(5y)3.97%
PMZ-UN.CA Yearly ROA, ROE, ROICPMZ-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 2025 0 -20 -40

1.3 Margins

  • The Profit Margin of PMZ-UN (28.25%) is better than 68.57% of its industry peers.
  • PMZ-UN has a Operating Margin of 52.92%. This is comparable to the rest of the industry: PMZ-UN outperforms 48.57% of its industry peers.
  • In the last couple of years the Operating Margin of PMZ-UN has grown nicely.
  • With a Gross Margin value of 56.71%, PMZ-UN perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
  • PMZ-UN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 52.92%
PM (TTM) 28.25%
GM 56.71%
OM growth 3Y3.07%
OM growth 5Y3.82%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.58%
GM growth 5Y3.59%
PMZ-UN.CA Yearly Profit, Operating, Gross MarginsPMZ-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 2025 0 100 -100 -200

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • Compared to 1 year ago, PMZ-UN has more shares outstanding
  • Compared to 5 years ago, PMZ-UN has more shares outstanding
  • The debt/assets ratio for PMZ-UN is higher compared to a year ago.
PMZ-UN.CA Yearly Shares OutstandingPMZ-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
PMZ-UN.CA Yearly Total Debt VS Total AssetsPMZ-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • PMZ-UN has a debt to FCF ratio of 11.48. This is a negative value and a sign of low solvency as PMZ-UN would need 11.48 years to pay back of all of its debts.
  • The Debt to FCF ratio of PMZ-UN (11.48) is better than 77.14% of its industry peers.
  • PMZ-UN has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
  • PMZ-UN has a Debt to Equity ratio of 1.02. This is in the better half of the industry: PMZ-UN outperforms 62.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF 11.48
Altman-Z N/A
ROIC/WACC0.77
WACC6.25%
PMZ-UN.CA Yearly LT Debt VS Equity VS FCFPMZ-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • PMZ-UN has a Current Ratio of 0.26. 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.
  • The Current ratio of PMZ-UN (0.26) is comparable to the rest of the industry.
  • A Quick Ratio of 0.26 indicates that PMZ-UN may have some problems paying its short term obligations.
  • PMZ-UN has a Quick ratio (0.26) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.26
Quick Ratio 0.26
PMZ-UN.CA Yearly Current Assets VS Current LiabilitesPMZ-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 96.34% over the past year.
  • The Revenue has grown by 29.20% in the past year. This is a very strong growth!
  • PMZ-UN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.13% yearly.
EPS 1Y (TTM)96.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%124.23%
Revenue 1Y (TTM)29.2%
Revenue growth 3Y19.49%
Revenue growth 5Y19.13%
Sales Q2Q%31.53%

3.2 Future

  • PMZ-UN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.52% yearly.
  • PMZ-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.37% yearly.
EPS Next Y14.29%
EPS Next 2Y10.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.92%
Revenue Next 2Y8.56%
Revenue Next 3Y2.37%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
PMZ-UN.CA Yearly Revenue VS EstimatesPMZ-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
PMZ-UN.CA Yearly EPS VS EstimatesPMZ-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2025 2026 2027 0.5 1 1.5

More info and screens

Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.77, which indicates a correct valuation of PMZ-UN.
  • Based on the Price/Earnings ratio, PMZ-UN is valued cheaply inside the industry as 82.86% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.07, PMZ-UN is valued rather cheaply.
  • The Price/Forward Earnings ratio is 11.30, which indicates a very decent valuation of PMZ-UN.
  • Based on the Price/Forward Earnings ratio, PMZ-UN is valued cheaply inside the industry as 88.57% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 28.05. PMZ-UN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.77
Fwd PE 11.3
PMZ-UN.CA Price Earnings VS Forward Price EarningsPMZ-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PMZ-UN is valued cheaper than 91.43% 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 74.29% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.57
EV/EBITDA 13.63
PMZ-UN.CA Per share dataPMZ-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • PMZ-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • PMZ-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.89
PEG (5Y)N/A
EPS Next 2Y10.52%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

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 slightly below the industry average, which is at 7.24.
  • PMZ-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 6.34%

5.2 History

  • PMZ-UN has been paying a dividend for over 5 years, so it has already some track record.
  • PMZ-UN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
PMZ-UN.CA Yearly Dividends per sharePMZ-UN.CA Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 49.84% of the earnings are spent on dividend by PMZ-UN. This is a bit on the high side, but may be sustainable.
DP49.84%
EPS Next 2Y10.52%
EPS Next 3YN/A
PMZ-UN.CA Yearly Income VS Free CF VS DividendPMZ-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 2025 0 200M -200M -400M
PMZ-UN.CA Dividend Payout.PMZ-UN.CA Dividend Payout, showing the Payout Ratio.PMZ-UN.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

PRIMARIS REIT

TSX:PMZ-UN (2/27/2026, 7:00:00 PM)

18.26

+0.31 (+1.73%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-11
Earnings (Next)04-28
Inst Owners58.91%
Inst Owner ChangeN/A
Ins Owners0.58%
Ins Owner ChangeN/A
Market Cap2.15B
Revenue(TTM)648.47M
Net Income(TTM)183.19M
Analysts80
Price Target19.89 (8.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.34%
Yearly Dividend0.84
Dividend Growth(5Y)N/A
DP49.84%
Div Incr Years2
Div Non Decr Years2
Ex-Date02-27
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)5.94%
PT rev (3m)7.4%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.13%
Revenue NY rev (3m)1.8%
Valuation
Industry RankSector Rank
PE 12.77
Fwd PE 11.3
P/S 3.32
P/FCF 9.57
P/OCF 9.54
P/B 0.85
P/tB 0.85
EV/EBITDA 13.63
EPS(TTM)1.43
EY7.83%
EPS(NY)1.62
Fwd EY8.85%
FCF(TTM)1.91
FCFY10.45%
OCF(TTM)1.91
OCFY10.48%
SpS5.5
BVpS21.47
TBVpS21.47
PEG (NY)0.89
PEG (5Y)N/A
Graham Number26.28
Profitability
Industry RankSector Rank
ROA 3.47%
ROE 7.23%
ROCE 6.66%
ROIC 4.79%
ROICexc 4.83%
ROICexgc 4.83%
OM 52.92%
PM (TTM) 28.25%
GM 56.71%
FCFM 34.71%
ROA(3y)2.65%
ROA(5y)3.61%
ROE(3y)5.26%
ROE(5y)6.15%
ROIC(3y)4.23%
ROIC(5y)3.97%
ROICexc(3y)4.26%
ROICexc(5y)3.99%
ROICexgc(3y)4.29%
ROICexgc(5y)4.01%
ROCE(3y)5.87%
ROCE(5y)5.57%
ROICexgc growth 3Y4.33%
ROICexgc growth 5Y-1.88%
ROICexc growth 3Y4.33%
ROICexc growth 5Y-1.88%
OM growth 3Y3.07%
OM growth 5Y3.82%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.58%
GM growth 5Y3.59%
F-Score7
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF 11.48
Debt/EBITDA 7.49
Cap/Depr 31.7%
Cap/Sales 0.1%
Interest Coverage 2.66
Cash Conversion 65.38%
Profit Quality 122.86%
Current Ratio 0.26
Quick Ratio 0.26
Altman-Z N/A
F-Score7
WACC6.25%
ROIC/WACC0.77
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)165.88%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)96.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%124.23%
EPS Next Y14.29%
EPS Next 2Y10.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)29.2%
Revenue growth 3Y19.49%
Revenue growth 5Y19.13%
Sales Q2Q%31.53%
Revenue Next Year12.92%
Revenue Next 2Y8.56%
Revenue Next 3Y2.37%
Revenue Next 5YN/A
EBIT growth 1Y43.75%
EBIT growth 3Y23.17%
EBIT growth 5Y23.68%
EBIT Next Year7.97%
EBIT Next 3Y4.92%
EBIT Next 5YN/A
FCF growth 1Y33.71%
FCF growth 3Y11.27%
FCF growth 5Y-4.19%
OCF growth 1Y34.11%
OCF growth 3Y11.17%
OCF growth 5Y-4.14%

PRIMARIS REIT / PMZ-UN.CA FAQ

What is the ChartMill fundamental rating of PRIMARIS REIT (PMZ-UN.CA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to PMZ-UN.CA.


What is the valuation status of PRIMARIS REIT (PMZ-UN.CA) stock?

ChartMill assigns a valuation rating of 7 / 10 to PRIMARIS REIT (PMZ-UN.CA). This can be considered as Undervalued.


What is the profitability of PMZ-UN stock?

PRIMARIS REIT (PMZ-UN.CA) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for PMZ-UN stock?

The Price/Earnings (PE) ratio for PRIMARIS REIT (PMZ-UN.CA) is 12.77 and the Price/Book (PB) ratio is 0.85.


What is the earnings growth outlook for PRIMARIS REIT?

The Earnings per Share (EPS) of PRIMARIS REIT (PMZ-UN.CA) is expected to grow by 14.29% in the next year.