PMREF (Primaris REIT) Moat Score: 3/10 (As of Jun. 24, 2026)


PMREF Primaris REIT PMREF
83 GF Score
Price $14.30
GF Value $13.25
Valuation Fairly Valued
! 8 Warning Signs
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What is Primaris REIT Moat Score?

Primaris REIT PMREF 83 Moat Score is 3 as of Jun. 24, 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. Among 990 REITs companies, Primaris REIT ranks better than 76.97% on this metric.

Primaris REIT has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

Primaris REIT has No Moat: Primaris REIT operates in the real estate sector with limited competitive advantages. While it may have some scale in specific markets, it lacks significant brand strength, pricing power, or regulatory barriers, facing competition from numerous other real estate investment trusts.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Primaris REIT might have No Moat - Very weak/transient advantages.

Primaris REIT  (OTCPK:PMREF) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Primaris REIT Moat Score Related Terms

PMREF vs SPG, O, KIM: Moat Score Comparison

For the REIT - Retail subindustry, Primaris REIT's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs REITs Industry

For the REITs industry and Real Estate sector, Primaris REIT's Moat Score distribution charts can be found below:

* The bar in red indicates where Primaris REIT's Moat Score falls into.


PMREF
83GF Score
Primaris REIT PMREF
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 3 mean?
Primaris REIT (PMREF) has a Moat Score of 3 as of Jun. 24, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Primaris REIT ranks #228 out of 990 companies in the REITs industry, placing it in the top 23%.
Is Primaris REIT's Moat Score too high?
Primaris REIT's current Moat Score is 3. Based on the distribution chart, Primaris REIT ranks #228 out of 990 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 Moat Score compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #228 out of 990 companies for Moat Score. This places Primaris REIT in the top 23% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a REITs company?
A good Moat Score depends on the REITs industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Primaris REIT's current Moat Score is 3. 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 Moat Score is 3. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Primaris REIT (PMREF), the current Moat Score is 3 as of Jun. 24, 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:

  • Moat Score: 3
  • 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 EstateREITs
Other Exchanges H0D:GermanyPMZ.UN:Canada
Address 181 Bay Street, Suite 2720, Brookfield Place, Toronto, ON, CAN, M5J 2T3
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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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.30
Price
$13.25
GF Value