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Primaris REITPMREF 81 Cash-to-Debt is 0.01 as of Mar. 2026, which is 67% below its 10-year median of 0.03. GuruFocus rates PMREF with a GF Score™ of 81/100 and a GF Value™ of $13.13 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 857 REITs companies, Primaris REIT ranks worse than 88.33% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Primaris REIT's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.01.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Primaris REITcouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Primaris REIT's Cash-to-Debt or its related term are showing as below:
PMREF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.15
Current: 0.01
During the past 13 years, Primaris REIT's highest Cash to Debt Ratio was 0.15. The lowest was 0.00. And the median was 0.03.
PMREF's Cash-to-Debt is ranked worse than 88.33% of 857
companies
in the REITs industry
Industry Median: 0.09
vs PMREF: 0.01
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Primaris REIT Cash-to-Debt Related Terms
Primaris REIT Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Primaris REIT's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the REIT - Retail subindustry, Primaris REIT's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Primaris REIT Cash-to-Debt vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Primaris REIT's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Primaris REIT (PMREF) has a Cash-to-Debt of 0.01 as of Mar. 2026. This is 67% below median its historical median of 0.03. According to the industry distribution chart, Primaris REIT ranks #757 out of 857 companies in the REITs industry, placing it in the top 88.3%.
Is Primaris REIT's Cash-to-Debt too high?
Primaris REIT's current Cash-to-Debt of 0.01 is 67% below median its 10-year median of 0.03. The REITs industry median Cash-to-Debt is 0.09. Primaris REIT's value of 0.01 is 88.9% below this industry median. Based on the distribution chart, Primaris REIT ranks #757 out of 857 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Primaris REIT has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Primaris REIT's Cash-to-Debt compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #757 out of 857 companies for Cash-to-Debt. This places Primaris REIT in the lower half of its industry. The industry median Cash-to-Debt is 0.09. Primaris REIT's value of 0.01 is 88.9% below this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 0.09, Primaris REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a REITs company?
The median Cash-to-Debt among REITs companies is 0.09, based on 857 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primaris REIT's current Cash-to-Debt of 0.01 is 88.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median Cash-to-Debt is 0.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current Cash-to-Debt is 0.01, which is 67% below median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primaris REIT stock overvalued right now?
Based on GuruFocus' analysis, Primaris REIT (PMREF) is currently considered Modestly Overvalued. The stock's GF Value™ is $13.13, compared to a current price of $16.50 — trading 25.7% above its estimated fair value. The current Cash-to-Debt is 0.01, which is 67% below median its 10-year median of 0.03 and 88.9% below the REITs industry median of 0.09. Primaris REIT's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Primaris REIT (PMREF), the current Cash-to-Debt is 0.01 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Primaris REIT (PMREF) Overvalued in 2026?
Based on GuruFocus' analysis, Primaris REIT stock appears to be overvalued.
The current stock price of $16.50 is trading 25.7% above its estimated GF Value™ of $13.13.
GuruFocus considers Primaris REIT to be Modestly Overvalued.
Key valuation signals for PMREF:
Cash-to-Debt: 0.01 (67% below median its 10-year median of 0.03)
GF Value™: $13.13 vs. price of $16.50 (25.7% above fair value)
Industry Position: 88.9% below the REITs median (#757 of 857)
No single metric tells the full story. See the PMREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Primaris REIT is an unincorporated, open-ended real estate investment trust. Through its subsidiaries, it owns, develops, and operates a national retail portfolio focused on enclosed shopping centres located in secondary Canadian markets. Its property portfolio includes: Dufferin Mall, Cataraqui Centre, Stone Road Mall, Orchard Park, Kildonan Place, Halifax Shopping Centre, Marlborough Mall, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.
81GF Score
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