PMREF (Primaris REIT) Dividend Payout Ratio: 0.54 (As of Jun. 2026) — Near Median

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What is Primaris REIT Dividend Payout Ratio?

Primaris REIT PMREF 78 Dividend Payout Ratio is 0.54 as of Jun. 2026, which is 4% below its 10-year median of 0.56. GuruFocus rates PMREF with a GF Score™ of 78/100 and a GF Value™ of $14.08 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 705 REITs companies, Primaris REIT ranks better than 87.8% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Primaris REIT's Dividend Payout Ratio for the months ended in Jun. 2026 was 0.54.

The historical rank and industry rank for Primaris REIT's Dividend Payout Ratio or its related term are showing as below:

PMREF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.56 Max: 0.62
Current: 0.49

During the past 13 years, the highest Dividend Payout Ratio of Primaris REIT was 0.62. The lowest was 0.48. And the median was 0.56.

PMREF's Dividend Payout Ratio is ranked better than
87.8% of 705 companies
in the REITs industry
Industry Median: 0.99 vs PMREF: 0.49

As of today (2026-08-09), the Dividend Yield % of Primaris REIT is 3.81%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Primaris REIT was 6.61%. The lowest was 1.31%. And the median was 5.57%.

Primaris REIT's Dividends per Share for the months ended in Jun. 2026 was $0.16.

During the past 12 months, Primaris REIT's average Dividends Per Share Growth Rate was 2.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Primaris REIT was 2.40% per year. The lowest was 2.40% per year. And the median was 2.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

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Primaris REIT (OTCPK:PMREF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Primaris REIT Dividend Payout Ratio Related Terms

Primaris REIT Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Primaris REIT's Dividend Payout Ratio 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.

Primaris REIT Dividend Payout Ratio Chart

Primaris REIT Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.00

0.51

0.62

0.60

0.48

Primaris REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26	Jun26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.50	0.50	0.33	0.79	0.54

PMREF vs SPG, O, KIM: Dividend Payout Ratio Comparison

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

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

* The bar in red indicates where Primaris REIT's Dividend Payout Ratio falls into.

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78GF Score

Primaris REIT PMREF

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Primaris REIT Dividend Payout Ratio Calculation

Primaris REIT's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.625	/	1.305
	=	0.48

Primaris REIT's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2026 )	/	EPS without NRI (Q: Jun. 2026 )
	=	0.157	/	0.289
	=	0.54

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.54 mean?

Primaris REIT (PMREF) has a Dividend Payout Ratio of 0.54 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Primaris REIT and its competitors. This is near median its historical median of 0.56. Over the past decade, Primaris REIT's Dividend Payout Ratio has ranged from 0.48 to 0.62. According to the industry distribution chart, Primaris REIT ranks #86 out of 705 companies in the REITs industry, placing it in the top 12.2%.

Is Primaris REIT's Dividend Payout Ratio too high?

Primaris REIT's current Dividend Payout Ratio of 0.54 is near median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 0.62. The REITs industry median Dividend Payout Ratio is 0.99. Primaris REIT's value of 0.54 is 45.5% below this industry median. Based on the distribution chart, Primaris REIT ranks #86 out of 705 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 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Primaris REIT's Dividend Payout Ratio compare to SPG and O?

According to the REITs industry distribution chart, Primaris REIT ranks #86 out of 705 companies for Dividend Payout Ratio. This places Primaris REIT in the top 12% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. Primaris REIT's value of 0.54 is 45.5% below this benchmark. Historically, Primaris REIT's own Dividend Payout Ratio has ranged from 0.48 to 0.62 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.99, Primaris REIT has consistently been below 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 705 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primaris REIT's current Dividend Payout Ratio of 0.54 is 45.5% below 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Primaris REIT and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current Dividend Payout Ratio is 0.54, which is near median its own 10-year median of 0.56. 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 Significantly Overvalued. The stock's GF Value™ is $14.08, compared to a current price of $16.50 — trading 17.2% above its estimated fair value. The current Dividend Payout Ratio is 0.54, which is near median its 10-year median of 0.56 and 45.5% below the REITs industry median of 0.99. Primaris REIT's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Primaris REIT (PMREF), the current Dividend Payout Ratio is 0.54 as of Jun. 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 $16.50 is trading 17.2% above its estimated GF Value™ of $14.08. GuruFocus considers Primaris REIT to be Significantly Overvalued.

Key valuation signals for PMREF:

Dividend Payout Ratio: 0.54 (near median its 10-year median of 0.56)
GF Value™: $14.08 vs. price of $16.50 (17.2% above fair value)
GF Score™: 78/100 with 8 warning signs
Industry Position: 45.5% below the REITs median (#86 of 705)

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.

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Primaris REIT Business Description

Industry Real Estate REITs

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

78GF Score

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

$16.50

Price

$14.08

GF Value

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