Primaris REITPMREF 83 ROE % is 6.62% as of Mar. 2026, which is 4% above its 10-year median of 6.35. 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 933 REITs companies, Primaris REIT ranks better than 64.42% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Primaris REIT's annualized net income for the quarter that ended in Mar. 2026 was $122.2 Mil. Primaris REIT's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $1,845.4 Mil. Therefore, Primaris REIT's annualized ROE % for the quarter that ended in Mar. 2026 was 6.62%.
The historical rank and industry rank for Primaris REIT's ROE % or its related term are showing as below:
PMREF'
s ROE % Range Over the Past 10 Years
Min: -34.49 Med: 6.35 Max: 44.41
Current: 8.11
During the past 13 years, Primaris REIT's highest ROE % was 44.41%. The lowest was -34.49%. And the median was 6.35%.
PMREF's ROE % is ranked better than 64.42% of 933
companies
in the REITs industry
Industry Median: 6.2
vs PMREF: 8.11
Primaris REIT (OTCPK:PMREF) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Primaris REIT ROE % Related Terms
Primaris REIT ROE % Historical Data
* Premium members only.
The historical data trend for Primaris REIT's ROE % 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.
For the REIT - Retail subindustry, Primaris REIT's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's ROE % distribution charts can be found below:
* The bar in red indicates where Primaris REIT's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Primaris REIT (PMREF) has a ROE % of 6.62% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Primaris REIT and its competitors. This is near median its historical median of 6.35. According to the industry distribution chart, Primaris REIT ranks #332 out of 933 companies in the REITs industry, placing it in the top 35.6%.
Is Primaris REIT's ROE % too high?
Primaris REIT's current ROE % of 6.62% is near median its 10-year median of 6.35. The REITs industry median ROE % is 6.20. Primaris REIT's value of 6.62% is 6.8% above this industry median. Based on the distribution chart, Primaris REIT ranks #332 out of 933 companies in the REITs industry, which is above the industry midpoint. 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 ROE % compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #332 out of 933 companies for ROE %. This puts Primaris REIT in the upper half of its industry. The industry median ROE % is 6.20. Primaris REIT's value of 6.62% is 6.8% above this benchmark. While the company's 10-year median is 6.35 vs. the industry median of 6.20, 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 ROE % for a REITs company?
The median ROE % among REITs companies is 6.20, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primaris REIT's current ROE % of 6.62% is 6.8% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Primaris REIT and its competitors. For the REITs industry, the median ROE % is 6.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current ROE % is 6.62%, which is near median its own 10-year median of 6.35. 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 ROE % is 6.62%, which is near median its 10-year median of 6.35 and 6.8% above the REITs industry median of 6.20. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Primaris REIT (PMREF), the current ROE % is 6.62% 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:
ROE %: 6.62% (near median its 10-year median of 6.35)
GF Value™: $13.25 vs. price of $14.30 (7.9% above fair value)
Industry Position: 6.8% above the REITs median (#332 of 933)
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.
83GF Score
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