Primaris REITPMREF 83 Debt-to-Equity is 0.86 as of Mar. 2026, which is 21% above its 10-year median of 0.71. GuruFocus rates PMREF with a GF Score™ of 83/100 and a GF Value™ of $13.14 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 694 REITs companies, Primaris REIT ranks worse than 57.78% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Primaris REIT's Debt-to-Equity or its related term are showing as below:
PMREF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.71 Max: 0.89
Current: 0.86
During the past 13 years, the highest Debt-to-Equity Ratio of Primaris REIT was 0.89. The lowest was 0.41. And the median was 0.71.
PMREF's Debt-to-Equity is ranked worse than 57.78% of 694
companies
in the REITs industry
Industry Median: 0.78
vs PMREF: 0.86
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Primaris REIT Debt-to-Equity Related Terms
Primaris REIT Debt-to-Equity Historical Data
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The historical data trend for Primaris REIT's Debt-to-Equity 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-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Primaris REIT's Debt-to-Equity 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 Debt-to-Equity of 0.86 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Primaris REIT and its competitors. This is 21% above median its historical median of 0.71. Over the past decade, Primaris REIT's Debt-to-Equity has ranged from 0.41 to 0.89. According to the industry distribution chart, Primaris REIT ranks #401 out of 694 companies in the REITs industry, placing it in the top 57.8%.
Is Primaris REIT's Debt-to-Equity too high?
Primaris REIT's current Debt-to-Equity of 0.86 is 21% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.89. The REITs industry median Debt-to-Equity is 0.78. Primaris REIT's value of 0.86 is 10.3% above this industry median. Based on the distribution chart, Primaris REIT ranks #401 out of 694 companies in the REITs industry, which is below the industry midpoint. Overall, Primaris REIT has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Primaris REIT's Debt-to-Equity compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #401 out of 694 companies for Debt-to-Equity. This places Primaris REIT in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Primaris REIT's value of 0.86 is 10.3% above this benchmark. Historically, Primaris REIT's own Debt-to-Equity has ranged from 0.41 to 0.89 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.78, 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-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 694 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primaris REIT's current Debt-to-Equity of 0.86 is 10.3% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Primaris REIT and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current Debt-to-Equity is 0.86, which is 21% above median its own 10-year median of 0.71. 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 $13.14, compared to a current price of $14.75 — trading 12.3% above its estimated fair value. The current Debt-to-Equity is 0.86, which is 21% above median its 10-year median of 0.71 and 10.3% above the REITs industry median of 0.78. Primaris REIT's overall GF Score™ is 83/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Primaris REIT (PMREF), the current Debt-to-Equity is 0.86 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 $14.75 is trading 12.3% above its estimated GF Value™ of $13.14.
GuruFocus considers Primaris REIT to be Modestly Overvalued.
Key valuation signals for PMREF:
Debt-to-Equity: 0.86 (21% above median its 10-year median of 0.71)
GF Value™: $13.14 vs. price of $14.75 (12.3% above fair value)
Industry Position: 10.3% above the REITs median (#401 of 694)
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.
83GF Score
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