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Primaris REITPMREF 82 Forward Rate of Return (Yacktman) % is 15.71% as of Mar. 2026, which is 5% above its 10-year median of 14.95. GuruFocus rates PMREF with a GF Scoreâ„¢ of 82/100 and a GF Valueâ„¢ of $13.14 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 625 REITs companies, Primaris REIT ranks better than 67.68% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Primaris REIT's forward rate of return for was 15.71%.
The historical rank and industry rank for Primaris REIT's Forward Rate of Return (Yacktman) % or its related term are showing as below:
PMREF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 14.13 Med: 14.95 Max: 15.49
Current: 14.13
During the past 13 years, Primaris REIT's highest Forward Rate of Return was 15.49. The lowest was 14.13. And the median was 14.95.
PMREF's Forward Rate of Return (Yacktman) % is ranked better than 67.68% of 625
companies
in the REITs industry
Industry Median: 8.04
vs PMREF: 14.13
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Primaris REIT (OTCPK:PMREF) Forward Rate of Return (Yacktman) % Explanation
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
Primaris REIT Forward Rate of Return (Yacktman) % Related Terms
Primaris REIT Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Primaris REIT's Forward Rate of Return (Yacktman) % 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 Forward Rate of Return (Yacktman) % Chart
PMREF vs SPG, O, KIM: Forward Rate of Return (Yacktman) % Comparison
For the REIT - Retail subindustry, Primaris REIT's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % 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 Forward Rate of Return (Yacktman) % vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Primaris REIT's Forward Rate of Return (Yacktman) % falls into.
Primaris REIT Forward Rate of Return (Yacktman) % Calculation
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
Primaris REIT's Forward Rate of Return of Mar. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
0.872
/
12.15
+
0.058
=
12.98 %
* 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.
What does a Forward Rate of Return (Yacktman) % of 15.71% mean?
Primaris REIT (PMREF) has a Forward Rate of Return (Yacktman) % of 15.71% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Primaris REIT and its competitors. This is near median its historical median of 14.95. Over the past decade, Primaris REIT's Forward Rate of Return (Yacktman) % has ranged from 14.13 to 15.49. According to the industry distribution chart, Primaris REIT ranks #202 out of 625 companies in the REITs industry, placing it in the top 32.3%.
Is Primaris REIT's Forward Rate of Return (Yacktman) % too high?
Primaris REIT's current Forward Rate of Return (Yacktman) % of 15.71% is near median its 10-year median of 14.95. Over the past 10 years, this metric has ranged from a low of 14.13 to a high of 15.49. The REITs industry median Forward Rate of Return (Yacktman) % is 8.04. Primaris REIT's value of 15.71% is 95.4% above this industry median. Based on the distribution chart, Primaris REIT ranks #202 out of 625 companies in the REITs industry, which is above the industry midpoint. Overall, Primaris REIT has a GF Scoreâ„¢ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Primaris REIT's Forward Rate of Return (Yacktman) % compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #202 out of 625 companies for Forward Rate of Return (Yacktman) %. This puts Primaris REIT in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 8.04. Primaris REIT's value of 15.71% is 95.4% above this benchmark. Historically, Primaris REIT's own Forward Rate of Return (Yacktman) % has ranged from 14.13 to 15.49 over the past decade. While the company's 10-year median is 14.95 vs. the industry median of 8.04, Primaris REIT has consistently been above 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 Forward Rate of Return (Yacktman) % for a REITs company?
The median Forward Rate of Return (Yacktman) % among REITs companies is 8.04, based on 625 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primaris REIT's current Forward Rate of Return (Yacktman) % of 15.71% is 95.4% 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 Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Primaris REIT and its competitors. For the REITs industry, the median Forward Rate of Return (Yacktman) % is 8.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current Forward Rate of Return (Yacktman) % is 15.71%, which is near median its own 10-year median of 14.95. 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 $15.50 — trading 18% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 15.71%, which is near median its 10-year median of 14.95 and 95.4% above the REITs industry median of 8.04. 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 Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For Primaris REIT (PMREF), the current Forward Rate of Return (Yacktman) % is 15.71% 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 $15.50 is trading 18% above its estimated GF Value™ of $13.14.
GuruFocus considers Primaris REIT to be Modestly Overvalued.
Key valuation signals for PMREF:
Forward Rate of Return (Yacktman) %: 15.71% (near median its 10-year median of 14.95)
GF Value™: $13.14 vs. price of $15.50 (18% above fair value)
Industry Position: 95.4% above the REITs median (#202 of 625)
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
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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