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Primaris Real Estate Investment Trust (TSE:PMZ.UN)
TSX:PMZ.UN
Canadian Market
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Primaris Real Estate Investment Trust (PMZ.UN) Ratios

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Primaris Real Estate Investment Trust Ratios

TSE:PMZ.UN's free cash flow for Q1 2025 was C$0.55. For the 2025 fiscal year, TSE:PMZ.UN's free cash flow was decreased by C$ and operating cash flow was C$0.37. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.71 1.05 0.15 0.07 0.04
Quick Ratio
0.71 1.05 0.04 0.03 <0.01
Cash Ratio
0.09 0.23 0.02 <0.01 0.02
Solvency Ratio
0.03 0.06 0.17 0.45 -0.39
Operating Cash Flow Ratio
0.28 0.88 0.30 -0.13 0.34
Short-Term Operating Cash Flow Coverage
1.51 1.86 0.37 -0.11 0.90
Net Current Asset Value
C$ -1.94BC$ -1.60BC$ -1.03BC$ -1.01BC$ -1.10B
Leverage Ratios
Debt-to-Assets Ratio
0.41 0.38 0.31 0.17 0.14
Debt-to-Equity Ratio
0.85 0.71 0.48 0.25 0.30
Debt-to-Capital Ratio
0.46 0.41 0.33 0.20 0.23
Long-Term Debt-to-Capital Ratio
0.44 0.38 0.21 0.09 0.23
Financial Leverage Ratio
2.09 1.85 1.53 1.48 2.13
Debt Service Coverage Ratio
0.77 1.45 0.41 0.20 -0.06
Interest Coverage Ratio
2.41 3.80 5.80 6.99 5.88
Debt to Market Cap
1.19 1.02 0.69 0.75 0.49
Interest Debt Per Share
19.05 15.56 10.39 5.87 3.28
Net Debt to EBITDA
11.07 6.96 5.31 4.22 2.31
Profitability Margins
Gross Profit Margin
57.71%56.85%55.72%55.75%47.54%
EBIT Margin
28.72%49.71%5.25%141.63%-204.79%
EBITDA Margin
30.38%50.34%49.42%51.55%45.89%
Operating Profit Margin
40.09%49.52%48.93%51.55%45.89%
Pretax Profit Margin
12.07%24.89%-3.18%134.26%-212.59%
Net Profit Margin
12.07%24.89%-3.18%139.61%-212.59%
Continuous Operations Profit Margin
12.07%24.89%-3.18%134.26%-212.59%
Net Income Per EBT
100.00%100.00%100.00%103.98%100.00%
EBT Per EBIT
30.10%50.25%-6.50%260.45%-463.21%
Return on Assets (ROA)
1.41%2.62%-0.38%10.92%-26.91%
Return on Equity (ROE)
3.02%4.86%-0.58%16.18%-57.35%
Return on Capital Employed (ROCE)
5.44%5.49%7.03%4.92%9.38%
Return on Invested Capital (ROIC)
5.28%5.36%0.00%4.04%9.50%
Return on Tangible Assets
1.41%2.62%-0.38%10.92%-26.91%
Earnings Yield
4.19%7.56%-0.82%28.73%-46.55%
Efficiency Ratios
Receivables Turnover
11.31 51.56 6.39 6.68 25.05
Payables Turnover
1.81 4.34 4.94 1.68 0.28
Inventory Turnover
0.00 0.00 2.70 4.01 5.50
Fixed Asset Turnover
0.00 0.12 36.53 31.51 0.13
Asset Turnover
0.12 0.11 0.12 0.08 0.13
Working Capital Turnover Ratio
18.18 -1.77 -0.75 -0.38 -0.44
Cash Conversion Cycle
-169.19 -77.05 118.20 -71.21 -1.21K
Days of Sales Outstanding
32.27 7.08 57.12 54.64 14.57
Days of Inventory Outstanding
0.00 0.00 134.95 90.98 66.42
Days of Payables Outstanding
201.47 84.13 73.86 216.83 1.29K
Operating Cycle
32.27 7.08 192.06 145.62 81.00
Cash Flow Ratios
Operating Cash Flow Per Share
1.78 1.68 1.64 -0.78 2.84
Free Cash Flow Per Share
1.59 1.65 1.63 -1.03 2.17
CapEx Per Share
0.19 0.00 <0.01 0.25 0.66
Free Cash Flow to Operating Cash Flow
0.89 0.98 0.99 1.33 0.77
Dividend Paid and CapEx Coverage Ratio
1.77 2.10 2.21 -3.03 4.26
Capital Expenditure Coverage Ratio
9.24 0.00 178.40 -3.06 4.28
Operating Cash Flow Coverage Ratio
0.10 0.11 0.16 -0.14 0.93
Operating Cash Flow to Sales Ratio
0.34 0.40 0.43 -0.30 1.03
Free Cash Flow Yield
10.42%12.08%11.16%-8.19%17.31%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
23.99 13.22 -121.25 3.48 -2.15
Price-to-Sales (P/S) Ratio
2.92 3.29 3.85 4.86 4.57
Price-to-Book (P/B) Ratio
0.71 0.64 0.70 0.56 1.23
Price-to-Free Cash Flow (P/FCF) Ratio
9.64 8.28 8.96 -12.21 5.78
Price-to-Operating Cash Flow Ratio
8.52 8.13 8.91 -16.20 4.43
Price-to-Earnings Growth (PEG) Ratio
-1.37 -0.01 1.17 -0.02 0.00
Price-to-Fair Value
0.71 0.64 0.70 0.56 1.23
Enterprise Value Multiple
20.68 13.50 13.10 13.65 12.26
Enterprise Value
3.36B 2.79B 2.46B 1.79B 1.52B
EV to EBITDA
20.64 13.50 13.10 13.65 12.26
EV to Sales
6.27 6.80 6.48 7.04 5.63
EV to Free Cash Flow
20.69 17.10 15.06 -17.68 7.12
EV to Operating Cash Flow
18.45 16.79 14.98 -23.46 5.45
Tangible Book Value Per Share
21.42 21.28 20.87 22.30 10.20
Shareholders’ Equity Per Share
21.42 21.28 20.87 22.30 10.20
Tax and Other Ratios
Effective Tax Rate
0.00 0.00 1.00 -0.04 -0.25
Revenue Per Share
5.23 4.16 3.80 2.58 2.75
Net Income Per Share
0.63 1.03 -0.12 3.61 -5.85
Tax Burden
1.00 1.00 1.00 1.04 1.00
Interest Burden
0.42 0.50 -0.60 0.95 1.04
Research & Development to Revenue
0.00 0.00 >-0.01 <0.01 >-0.01
SG&A to Revenue
0.06 0.06 0.07 0.05 0.04
Stock-Based Compensation to Revenue
0.01 <0.01 <0.01 0.00 0.00
Income Quality
2.82 1.63 -13.60 -0.22 -0.49
Currency in CAD
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