Primaris Real Estate Investment Trust

PMREFOTCReal Estate● Active

$14.15

+$0.00(+0.00%)

Market Cap$1.7B

P/E Ratio—

52W High$46.44

52W Low$10.44

Avg Volume6K

Open$14.15

Beta1.08

Free Cash Flow Financials Revenue

Primaris Real Estate Investment Trust (PMREF) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PMREF · free cash flow · updated Jun 9, 2026

Core FCF metrics

PMREF · FCF · TTM · margin & CAGR

Free cash flow was $225.1M for FY2025 (fiscal year ending 2025-12-31), up 85.1% year-over-year The FCF margin was 34.5%. Five-year CAGR stands at +1.1%.

FY2025 Free Cash Flow$225.1M▲ +85.1% YoY

Trailing 12M (TTM)$209.0Mtrailing 4 quarters sum

FCF Margin34.5%$225.1M ÷ revenue

3-Year CAGR+11.3%FY2022 → FY2025

5-Year CAGR+1.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PMREF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$225.7M(1M)$225.1M▲ +85.1%34.5%

FY2024$168.3M(47M)$121.6M▼ 25.6%24.1%

FY2023$166.4M(0M)$163.4M▲ +0.0%39.8%

FY2022$164.3M(1M)$163.4M▲ +261.7%43.0%

FY2021−$76.2M(25M)−$101.0M▼ 147.3%-39.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PMREF · P/FCF · FCF yield · FCF per share

Primaris Real Estate Investment Trust (PMREF) trades at a FCF yield of 9.02% and a price-to-free-cash-flow ratio of 6.2x. FCF per share stands at $2.28, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.02%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.28

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PMREF · cash flow statement · operating / investing / financing

For FY2025, Primaris Real Estate Investment Trust generated $225.7M in operating cash flow and spent 1M in capital expenditures, yielding $225.1M in free cash flow.

Operating Activities

+$225.7M

Cash from core business operations

2025-12-31

Investing Activities

−$669.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$463.2M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($225.7M) − |CapEx| (1M) = FCF ($225.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

PMREF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Primaris Real Estate Investment TrustYOU

PMREF

$225.1M+85.1%34.5%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Primaris Real Estate Investment Trust (PMREF) reported free cash flow of $225.1M for FY2025 (fiscal year ending 2025-12-31), up 85.1% year-over-year. The FCF margin was 34.5%.

Based on available data, Primaris Real Estate Investment Trust has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $253.2M in FY2019. The 5-year CAGR stands at +1.1%.

Primaris Real Estate Investment Trust's FCF yield is 9.02% and price-to-FCF ratio is 6.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PMREF free cash flow · 8 questions

Primaris Real Estate Investment Trust free cash flow was $225.1M for FY2025, up 85.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $209.0M.

PMREF free cash flowPMREF FCFPMREF FCF 2025PMREF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Primaris Real Estate Investment Trust · Primaris Real Estate Investment Trust SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026