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Primaris REITFRA:H0D +0.32%78 Debt-to-EBITDA is 35.34 as of Jun. 2026, which is 438% above its 10-year median of 6.57. GuruFocus rates FRA:H0D with a GF Score™ of 78/100 and a GF Value™ of €11.01 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 574 REITs companies, Primaris REIT ranks worse than 66.2% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Primaris REIT's Debt-to-EBITDA or its related term are showing as below:
FRA:H0D'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.1 Med: 6.57 Max: 46.16
Current: 8.79
During the past 13 years, the highest Debt-to-EBITDA Ratio of Primaris REIT was 46.16. The lowest was -1.10. And the median was 6.57.
FRA:H0D's Debt-to-EBITDA is ranked worse than 66.2% of 574
companies
in the REITs industry
Industry Median: 6.55
vs FRA:H0D: 8.79
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Primaris REIT Debt-to-EBITDA Related Terms
Primaris REIT Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Primaris REIT's Debt-to-EBITDA 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.
For the REIT - Retail subindustry, Primaris REIT's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Primaris REIT's Debt-to-EBITDA 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Primaris REIT (FRA:H0D) has a Debt-to-EBITDA of 35.34 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Primaris REIT. This is 438% above median its historical median of 6.57. According to the industry distribution chart, Primaris REIT ranks #380 out of 574 companies in the REITs industry, placing it in the top 66.2%.
Is Primaris REIT's Debt-to-EBITDA too high?
Primaris REIT's current Debt-to-EBITDA of 35.34 is 438% above median its 10-year median of 6.57. The REITs industry median Debt-to-EBITDA is 6.55. Primaris REIT's value of 35.34 is 439.5% above this industry median. Based on the distribution chart, Primaris REIT ranks #380 out of 574 companies in the REITs industry, which is below the industry midpoint. Overall, Primaris REIT has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Primaris REIT's Debt-to-EBITDA compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #380 out of 574 companies for Debt-to-EBITDA. This places Primaris REIT in the lower half of its industry. The industry median Debt-to-EBITDA is 6.55. Primaris REIT's value of 35.34 is 439.5% above this benchmark. While the company's 10-year median is 6.57 vs. the industry median of 6.55, Primaris REIT has consistently been above 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 Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.55, based on 574 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primaris REIT's current Debt-to-EBITDA of 35.34 is 439.5% above 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Primaris REIT. For the REITs industry, the median Debt-to-EBITDA is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current Debt-to-EBITDA is 35.34, which is 438% above median its own 10-year median of 6.57. 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 (FRA:H0D) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.01, compared to a current price of €13.33 — trading 21% above its estimated fair value. The current Debt-to-EBITDA is 35.34, which is 438% above median its 10-year median of 6.57 and 439.5% above the REITs industry median of 6.55. Primaris REIT's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Primaris REIT (FRA:H0D), the current Debt-to-EBITDA is 35.34 as of Jun. 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 (FRA:H0D) Overvalued in 2026?
Based on GuruFocus' analysis, Primaris REIT stock appears to be overvalued.
The current stock price of €13.33 is trading 21% above its estimated GF Value™ of €11.01.
GuruFocus considers Primaris REIT to be Modestly Overvalued.
Key valuation signals for FRA:H0D:
Debt-to-EBITDA: 35.34 (438% above median its 10-year median of 6.57)
GF Value™: €11.01 vs. price of €13.33 (21% above fair value)
Industry Position: 439.5% above the REITs median (#380 of 574)
No single metric tells the full story. See the FRA:H0D 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.
78GF Score
Get the complete analysis for FRA:H0D
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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