PRIMARIS REIT (PMZ-UN.CA) Stock Fundamental Analysis
TSX:PMZ-UN - Toronto Stock Exchange - CA74167K1093 - REIT - Currency: CAD
Overall PMZ-UN gets a fundamental rating of 3 out of 10. We evaluated PMZ-UN against 38 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.
Of the past 5 years PMZ-UN 4 years had a positive operating cash flow.
1.2 Ratios
PMZ-UN has a Return On Assets (1.41%) which is in line with its industry peers.
The Return On Equity of PMZ-UN (2.95%) is comparable to the rest of the industry.
PMZ-UN has a better Return On Invested Capital (4.36%) than 60.53% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PMZ-UN is in line with the industry average of 5.67%.
The 3 year average ROIC (4.04%) for PMZ-UN is below the current ROIC(4.36%), indicating increased profibility in the last year.
| 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 has a Profit Margin of 12.15%. This is comparable to the rest of the industry: PMZ-UN outperforms 57.89% of its industry peers.
PMZ-UN's Profit Margin has declined in the last couple of years.
PMZ-UN has a Operating Margin (50.91%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of PMZ-UN has declined.
PMZ-UN has a Gross Margin of 57.56%. This is comparable to the rest of the industry: PMZ-UN outperforms 44.74% of its industry peers.
PMZ-UN's Gross Margin has been stable in the last couple of years.
| 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
PMZ-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, PMZ-UN has more shares outstanding
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 better Debt to FCF ratio (12.44) than 78.95% of its industry peers.
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 better than 60.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 12.44 | ||
| Altman-Z | N/A |
ROIC/WACC0.73
WACC5.98%
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 in the better half of the industry: PMZ-UN outperforms 78.95% of its industry peers.
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 84.21% 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.
Measured over the past years, PMZ-UN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -39.76% on average per year.
The Revenue has grown by 22.84% in the past year. This is a very strong growth!
The Revenue has been growing by 26.51% on average over the past years. This is a very strong growth!
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 27.39, the valuation of PMZ-UN can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of PMZ-UN indicates a somewhat cheap valuation: PMZ-UN is cheaper than 60.53% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of PMZ-UN to the average of the S&P500 Index (26.25), we can say PMZ-UN is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.39 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PMZ-UN is valued cheaper than 84.21% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PMZ-UN indicates a somewhat cheap valuation: PMZ-UN is cheaper than 68.42% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.52 | ||
| EV/EBITDA | 13.77 |
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 slightly below the industry average, which is at 7.95.
Compared to an average S&P500 Dividend Yield of 2.40, 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 Years1
Div Non Decr Years1
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 (5/30/2025, 7:00:00 PM)
15.34
-0.02 (-0.13%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners52.75%
Inst Owner ChangeN/A
Ins Owners0.66%
Ins Owner ChangeN/A
Market Cap1.55B
Analysts76.67
Price Target17.75 (15.71%)
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 Years1
Div Non Decr Years1
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)-3.97%
PT rev (3m)-4.95%
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 | 27.39 | ||
| Fwd PE | N/A | ||
| P/S | 2.92 | ||
| P/FCF | 8.52 | ||
| P/OCF | 8.51 | ||
| P/B | 0.71 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | 13.77 |
EPS(TTM)0.56
EY3.65%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)1.8
FCFY11.74%
OCF(TTM)1.8
OCFY11.75%
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
WACC5.98%
ROIC/WACC0.73
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