PMREF (Primaris REIT) Total Operating Expense: $32.7 Mil (TTM As of Mar. 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 Total Operating Expense?

Primaris REIT PMREF 83 Total Operating Expense is $32.7 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.

Primaris REIT's Total Operating Expense for the three months ended in Mar. 2026 was $8.4 Mil. Primaris REIT's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $32.7 Mil.

Primaris REIT Total Operating Expense Related Terms

Primaris REIT Total Operating Expense Historical Data

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The historical data trend for Primaris REIT's Total Operating Expense 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 Total Operating Expense Chart

Primaris REIT Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.57 20.72 23.58 26.91 30.14

Primaris REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.67 6.69 8.36 9.23 8.40
PMREF
83GF Score
Primaris REIT PMREF
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Primaris REIT Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating 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 $32.7 Mil.

* 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 Total Operating Expense of $32.7 Mil mean?
Primaris REIT (PMREF) has a Total Operating Expense of $32.7 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Primaris REIT and its competitors.
Is Primaris REIT's Total Operating Expense too high?
Primaris REIT's current Total Operating Expense is $32.7 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 Total Operating Expense compare to SPG and O?
Primaris REIT's Total Operating Expense of $32.7 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 Total Operating Expense for a REITs company?
A good Total Operating Expense depends on the REITs industry context. However, Total Operating 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Primaris REIT and its competitors. Primaris REIT's current Total Operating Expense is $32.7 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 Total Operating Expense is $32.7 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Primaris REIT (PMREF), the current Total Operating Expense is $32.7 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:

  • Total Operating Expense: $32.7 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 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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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.30
Price
$13.25
GF Value