Primaris Real Estate Investment Trust (TSX:PMZ.UN)

Canada · Delayed Price · Currency is CAD

22.58

-0.08 (-0.35%)

Aug 5, 2026, 4:00 PM EST

TSX:PMZ.UN Financials Overview

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	698.64	648.47	501.93	410.97	380.06	247.89
Revenue Growth	23.94%	29.20%	22.13%	8.13%	53.32%	-8.27%
Gross Profit	395.81	367.73	289.35	233.63	211.79	141.59
Operating Income	348.28	326.02	252.32	198.98	182.82	128.06
Net Income	129.9	183.19	79.47	102.27	-12.08	327.41
Earnings Per Share	0.97	1.33	0.71	0.96	-0.12	3.33
EPS Growth	63.02%	86.80%	-26.14%	-	-	-

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	45.13	34.29	124.77	44.32	10.95	5.64
Total Debt	2,158	2,188	1,711	1,485	1,008	922.64
Net Cash (Debt)	-2,113	-2,153	-1,586	-1,440	-996.56	-917.01
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-15.52	-16.91	-14.65	-14.45	-9.91	-9.33

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	231.37	225.73	168.32	166.69	156.22	-75.73
Capital Expenditures	-643.77	-1,154	-360.43	-467.84	-69.16	-46.09
Free Cash Flow	-412.4	-928.25	-192.11	-301.15	87.06	-121.82
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	56.65%	56.71%	57.65%	56.85%	55.72%	57.12%
Operating Margin	49.85%	50.27%	50.27%	48.42%	48.10%	51.66%
Pretax Margin	18.59%	28.25%	15.83%	24.89%	-3.18%	141.36%
Profit Margin	18.59%	28.25%	15.83%	24.89%	-3.18%	137.56%
FCF Margin	-59.03%	-143.14%	-38.28%	-73.28%	22.91%	-49.14%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug '26 Aug 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Dividend Per Share	0.880	0.862	0.842	0.822	0.802
Dividend Per Share Growth	2.34%	2.34%	2.43%	2.49%	-
Dividend Yield	3.94%	4.65%	4.90%	5.76%	4.99%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	26.45	11.72	21.73	14.32	-	-
P/FCF Ratio	11.59	-	-	-	17.06	-
PS Ratio	3.83	2.84	3.08	3.24	3.91	-