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Primaris REIT (TSX:PMZ.UN) Equity-to-Asset : 0.54 (As of Dec. 2023)


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What is Primaris REIT Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Primaris REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2,103.9 Mil. Primaris REIT's Total Assets for the quarter that ended in Dec. 2023 was C$3,899.6 Mil. Therefore, Primaris REIT's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.54.

The historical rank and industry rank for Primaris REIT's Equity-to-Asset or its related term are showing as below:

TSX:PMZ.UN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47   Med: 0.6   Max: 0.68
Current: 0.54

During the past 13 years, the highest Equity to Asset Ratio of Primaris REIT was 0.68. The lowest was 0.47. And the median was 0.60.

TSX:PMZ.UN's Equity-to-Asset is ranked worse than
54.6% of 859 companies
in the REITs industry
Industry Median: 0.57 vs TSX:PMZ.UN: 0.54

Primaris REIT Equity-to-Asset Historical Data

The historical data trend for Primaris REIT's Equity-to-Asset 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.

* Premium members only.

Primaris REIT Equity-to-Asset Chart

Primaris REIT Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.47 0.68 0.65 0.54

Primaris REIT Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset 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 0.65 0.64 0.64 0.60 0.54

Competitive Comparison of Primaris REIT's Equity-to-Asset

For the REIT - Retail subindustry, Primaris REIT's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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's Equity-to-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Primaris REIT's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Primaris REIT's Equity-to-Asset falls into.



Primaris REIT Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Primaris REIT's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=2103.927/3899.634
=0.54

Primaris REIT's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=2103.927/3899.634
=0.54

* 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  (TSX:PMZ.UN) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Primaris REIT Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Primaris REIT's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Primaris REIT (TSX:PMZ.UN) Business Description

Traded in Other Exchanges
Address
26 Wellington Street East, Suite 400, Toronto, ON, CAN, M5E 1S2
Primaris REIT is an unincorporated, open-ended real estate investment trust that comprises ownership, management, and development of investment properties located across Canada. Its property portfolio includes; Dufferin Mall, Stone Road Mall, Orchard Park, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.

Primaris REIT (TSX:PMZ.UN) Headlines

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