Primaris REIT (TSX:PMZ.UN) Debt-to-Equity : 0.71 (As of Dec. 2023)

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What is Primaris REIT Debt-to-Equity?

Primaris REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$200.0 Mil. Primaris REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1,284.8 Mil. Primaris REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2,103.9 Mil. Primaris REIT's debt to equity for the quarter that ended in Dec. 2023 was 0.71.

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:

TSX:PMZ.UN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.55 Max: 0.71
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Primaris REIT was 0.71. The lowest was 0.42. And the median was 0.55.

TSX:PMZ.UN's Debt-to-Equity is ranked better than
56.61% of 673 companies
in the REITs industry
Industry Median: 0.78 vs TSX:PMZ.UN: 0.71

Primaris REIT Debt-to-Equity Historical Data

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.

* Premium members only.

Primaris REIT Debt-to-Equity Chart

Primaris REIT Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.61

0.42

0.48

0.71

Primaris REIT Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.48	0.52	0.52	0.58	0.71

Competitive Comparison of Primaris REIT's Debt-to-Equity

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's Debt-to-Equity Distribution in the 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.

Primaris REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Primaris REIT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(200	+	1284.776)	/	2103.927
	=	0.71

Primaris REIT's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(200	+	1284.776)	/	2103.927
	=	0.71

Primaris REIT (TSX:PMZ.UN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

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

Thank you for viewing the detailed overview of Primaris REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Primaris REIT (TSX:PMZ.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Primaris REIT (TSX:PMZ.UN) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

PMREF:USA

Address

26 Wellington Street East, Suite 400, Toronto, ON, CAN, M5E 1S2

Website

http://www.primarisreit.com

Primaris REIT is an unincorporated, open-ended real estate investment trust that comprises ownership, management, and development of investment properties located across Canada. Its property portfolio includes; Dufferin Mall, Stone Road Mall, Orchard Park, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.

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