Primaris REITPMREF 82 Earnings per Share (Diluted) is $1.25 as of Mar. 2026. GuruFocus rates PMREF with a GF Score™ of 82/100 and a GF Value™ of $13.14 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 678 REITs companies, Primaris REIT ranks better than 60.32% on this metric.
Primaris REIT's EPS (Basic) for the
three
months ended in Mar. 2026 was $0.26.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.25.
During the past 12 months, Primaris REIT's average EPS without NRIGrowth Rate was 7.60% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 4.60% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 5.40% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 18.50% per year.
During the past 13 years, Primaris REIT's highest 3-Year average EPS without NRI Growth Rate was 129.40% per year. The lowest was -44.50% per year. And the median was 4.60% per year.
Primaris REIT (OTCPK:PMREF) Earnings per Share (Diluted) Explanation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Primaris REIT Earnings per Share (Diluted) Related Terms
Primaris REIT Earnings per Share (Diluted) Historical Data
* Premium members only.
The historical data trend for Primaris REIT's Earnings per Share (Diluted) 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.
PMREF vs SPG, O, KIM: Earnings per Share (Diluted) Comparison
For the REIT - Retail subindustry, Primaris REIT's PE Ratio, along with its competitors' market caps and PE Ratio 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 PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's PE Ratio distribution charts can be found below:
* The bar in red indicates where Primaris REIT's PE Ratio falls into.
Primaris REIT Earnings per Share (Diluted) Calculation
Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.
Primaris REIT's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as
Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.25
* 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.
Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.
What does a Earnings per Share (Diluted) of $1.25 mean?
Primaris REIT (PMREF) has a Earnings per Share (Diluted) of $1.25 as of Mar. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Primaris REIT and its competitors. According to the industry distribution chart, Primaris REIT ranks #269 out of 678 companies in the REITs industry, placing it in the top 39.7%.
Is Primaris REIT's Earnings per Share (Diluted) too high?
Primaris REIT's current Earnings per Share (Diluted) is $1.25. The REITs industry median Earnings per Share (Diluted) is 0.70. Primaris REIT's value of $1.25 is 78.6% above this industry median. Based on the distribution chart, Primaris REIT ranks #269 out of 678 companies in the REITs industry, which is above the industry midpoint. Overall, Primaris REIT has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Primaris REIT's Earnings per Share (Diluted) compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #269 out of 678 companies for Earnings per Share (Diluted). This puts Primaris REIT in the upper half of its industry. The industry median Earnings per Share (Diluted) is 0.70. Primaris REIT's value of $1.25 is 78.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a REITs company?
The median Earnings per Share (Diluted) among REITs companies is 0.70, based on 678 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primaris REIT's current Earnings per Share (Diluted) of $1.25 is 78.6% 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 Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Primaris REIT and its competitors. For the REITs industry, the median Earnings per Share (Diluted) is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current Earnings per Share (Diluted) is $1.25. 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 $15.60 — trading 18.7% above its estimated fair value. The current Earnings per Share (Diluted) is $1.25 and 78.6% above the REITs industry median of 0.70. Primaris REIT's overall GF Score™ is 82/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For Primaris REIT (PMREF), the current Earnings per Share (Diluted) is $1.25 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 $15.60 is trading 18.7% above its estimated GF Value™ of $13.14.
GuruFocus considers Primaris REIT to be Modestly Overvalued.
Key valuation signals for PMREF:
Earnings per Share (Diluted): $1.25
GF Value™: $13.14 vs. price of $15.60 (18.7% above fair value)
Industry Position: 78.6% above the REITs median (#269 of 678)
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.
82GF Score
Get the complete analysis for PMREF
Earnings per Share (Diluted) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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