PMREF (Primaris REIT) Interest Expense: $-79.8 Mil (TTM As of Mar. 2026)

What is Primaris REIT Interest Expense?

Primaris REIT PMREF 83 Interest Expense is $-79.8 Mil as of Mar. 2026. GuruFocus rates PMREF with a GF Score™ of 83/100 and a GF Value™ of $13.25 (Fairly Valued). The stock has 8 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Primaris REIT's interest expense for the three months ended in Mar. 2026 was $ -20.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was $-79.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Primaris REIT's Operating Income for the three months ended in Mar. 2026 was $ 61.7 Mil. Primaris REIT's Interest Expense for the three months ended in Mar. 2026 was $ -20.8 Mil. Primaris REIT's Interest Coverage for the quarter that ended in Mar. 2026 was 2.96. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Primaris REIT (OTCPK:PMREF) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Primaris REIT's Interest Expense for the three months ended in Mar. 2026 was $-20.8 Mil. Its Operating Income for the three months ended in Mar. 2026 was $61.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was $1,594.2 Mil.

Primaris REIT's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2026 )	/	Interest Expense (Q: Mar. 2026 )
	=	-1	*	61.665	/	-20.843
	=	2.96

* 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.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Primaris REIT interest coverage is 3.11, which is low.

Primaris REIT Interest Expense Historical Data

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The historical data trend for Primaris REIT's Interest Expense can be seen below:

Primaris REIT Interest Expense Chart

Primaris REIT Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Interest Expense

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-14.64

-23.59

-39.97

-58.33

-76.83

Primaris REIT Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Interest Expense	Get a 7-Day Free Trial															-17.26	-17.97	-19.70	-21.31	-20.84

83GF Score

Primaris REIT PMREF

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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Primaris REIT Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense 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 $-79.8 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-79.8 Mil mean?

Primaris REIT (PMREF) has a Interest Expense of $-79.8 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Primaris REIT and its competitors.

Is Primaris REIT's Interest Expense too high?

Primaris REIT's current Interest Expense is $-79.8 Mil. Overall, Primaris REIT has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Primaris REIT's Interest Expense compare to SPG and O?

Primaris REIT's Interest Expense of $-79.8 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for a REITs company?

A good Interest Expense depends on the REITs industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Primaris REIT and its competitors. Primaris REIT's current Interest Expense is $-79.8 Mil. 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 Fairly Valued. The stock's GF Value™ is $13.25, compared to a current price of $14.30 — trading 7.9% above its estimated fair value. The current Interest Expense is $-79.8 Mil. 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 Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Primaris REIT (PMREF), the current Interest Expense is $-79.8 Mil 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 $14.30 is trading 7.9% above its estimated GF Value™ of $13.25. GuruFocus considers Primaris REIT to be Fairly Valued.

Key valuation signals for PMREF:

Interest Expense: $-79.8 Mil
GF Value™: $13.25 vs. price of $14.30 (7.9% above fair value)
GF Score™: 83/100 with 8 warning signs

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 Business Description

Industry Real Estate REITs

Comparable Companies TSX:SGR.UN TSX:PLZ.UN TSX:CRT.UN TSX:FCD.UN TSX:SRU.UN TSX:FCR.UN TSX:REI.UN TSX:CHP.UN SPG O XPAR:URW KIM ASX:SCG REG SGX:C38U HKSE:00823 XPAR:LI FRT BRX ADC

Other Exchanges H0D:Germany PMZ.UN:Canada

Address 181 Bay Street, Suite 2720, Brookfield Place, Toronto, ON, CAN, M5J 2T3

Website https://www.primarisreit.com

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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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.30

Price

$13.25

GF Value

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