Primaris REITPMREF 82 5-Year Yield-on-Cost % is 4.27 as of Jul. 01, 2026, which is 24% below its 10-year median of 5.59. GuruFocus rates PMREF with a GF Score™ of 82/100 and a GF Value™ of $12.89 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 880 REITs companies, Primaris REIT ranks worse than 84.32% on this metric.
Primaris REIT's yield on cost for the quarter that ended in Mar. 2026 was 4.27.
The historical rank and industry rank for Primaris REIT's 5-Year Yield-on-Cost % or its related term are showing as below:
PMREF'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.31 Med: 5.59 Max: 6.61
Current: 4.27
During the past 13 years, Primaris REIT's highest Yield on Cost was 6.61. The lowest was 1.31. And the median was 5.59.
PMREF's 5-Year Yield-on-Cost % is ranked worse than 84.32% of 880
companies
in the REITs industry
Industry Median: 7.295
vs PMREF: 4.27
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Primaris REIT 5-Year Yield-on-Cost % Related Terms
PMREF vs SPG, O, KIM: 5-Year Yield-on-Cost % Comparison
For the REIT - Retail subindustry, Primaris REIT's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Primaris REIT's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Primaris REIT's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of Primaris REIT is calculated as
Primaris REIT (PMREF) has a 5-Year Yield-on-Cost % of 4.27 as of Jul. 01, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Primaris REIT and its competitors. This is 24% below median its historical median of 5.59. Over the past decade, Primaris REIT's 5-Year Yield-on-Cost % has ranged from 1.31 to 6.61. According to the industry distribution chart, Primaris REIT ranks #742 out of 880 companies in the REITs industry, placing it in the top 84.3%.
Is Primaris REIT's 5-Year Yield-on-Cost % too high?
Primaris REIT's current 5-Year Yield-on-Cost % of 4.27 is 24% below median its 10-year median of 5.59. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 6.61. The REITs industry median 5-Year Yield-on-Cost % is 7.30. Primaris REIT's value of 4.27 is 41.5% below this industry median. Based on the distribution chart, Primaris REIT ranks #742 out of 880 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Primaris REIT has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Primaris REIT's 5-Year Yield-on-Cost % compare to SPG and O?
According to the REITs industry distribution chart, Primaris REIT ranks #742 out of 880 companies for 5-Year Yield-on-Cost %. This places Primaris REIT in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 7.30. Primaris REIT's value of 4.27 is 41.5% below this benchmark. Historically, Primaris REIT's own 5-Year Yield-on-Cost % has ranged from 1.31 to 6.61 over the past decade. While the company's 10-year median is 5.59 vs. the industry median of 7.30, 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.30, based on 880 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primaris REIT's current 5-Year Yield-on-Cost % of 4.27 is 41.5% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Primaris REIT and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primaris REIT's current 5-Year Yield-on-Cost % is 4.27, which is 24% below median its own 10-year median of 5.59. 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 $12.89, compared to a current price of $14.75 — trading 14.4% above its estimated fair value. The current 5-Year Yield-on-Cost % is 4.27, which is 24% below median its 10-year median of 5.59 and 41.5% below the REITs industry median of 7.30. 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 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Primaris REIT (PMREF), the current 5-Year Yield-on-Cost % is 4.27 as of Jul. 01, 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 $14.75 is trading 14.4% above its estimated GF Value™ of $12.89.
GuruFocus considers Primaris REIT to be Modestly Overvalued.
Key valuation signals for PMREF:
5-Year Yield-on-Cost %: 4.27 (24% below median its 10-year median of 5.59)
GF Value™: $12.89 vs. price of $14.75 (14.4% above fair value)
Industry Position: 41.5% below the REITs median (#742 of 880)
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
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