Primaris Retail REIT is set to report earnings after the market closes on October 28. Analysts expect year-over-year growth in EPS and revenue, but the available data doesn’t show how often the company has beaten or missed estimates.
Primaris Retail REIT (PMZ-UN.TO) will report results for the quarter ended September 30, 2026. One analyst estimates EPS of C$1.60, while three analysts expect revenue of C$698.8 million. Those estimates point to EPS growth of 14.3% and revenue growth of 10.0% from a year earlier. There are no comparable historical EPS estimates, so investors can’t use the supplied data to assess Primaris’s past record against consensus. Instead, they’ll be watching how the quarter reflects the company’s recent acquisition, updated outlook and operating priorities.
Recent earnings trend
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Primaris Retail R.E. Invest. Tr. Units
PMZ-UN.TO
PMZ-UN.TO
Primaris Retail R.E. Invest. Tr. Units
WealthAwesomeMarket cap
$3.09B
P/E
18.1x
Div. yield
3.84%
Div. / share
$0.87
52W high
$23.13
52W low
$14.28
1W change
+0.63%
Beta
1.00
Analyst Price Targets
Based on analyst covering PMZ-UN · as of Oct 19, 2026
Wall Street analysts forecast PMZ-UN stock price to rise 14.1% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$25.60
+14.1% Upside
Previously C$25.50 on Sep 24, 2026
Current Price
C$22.44
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PMZ-UN's historical volatility
30-Day Vol
18.4%
Annualized
90-Day Vol
17.4%
Annualized
Trend (90d)
-9.8%
Annualized drift
90d Mean
C$21.67
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$22.18 | C$20.81 – C$23.64 |
| 60 trading days | C$21.92 | C$20.03 – C$23.98 |
| 90 trading days | C$21.67 | C$19.41 – C$24.19 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Investor takeaway: Primaris needs to deliver the growth analysts expect while integrating a major mall acquisition and pursuing leasing and net operating income opportunities. Consensus is based on just one analyst for EPS and three for revenue, and there’s no comparable historical EPS data. Treat C$1.60 as a reference point, not a sign that Primaris is likely to beat estimates.
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C$1.60 estimated EPS
One analyst expects quarterly EPS of C$1.60, up from C$1.40 a year ago. Three analysts estimate revenue of C$698.8 million. Since the supplied data doesn’t include comparable historical results and estimates, it’s more useful to view the report as a test of expected growth than as a likely repeat beat.
Bull case
Analysts expect growth, with EPS forecast at C$1.60 versus C$1.40 a year ago and revenue projected to rise 10.0% to C$698.8 million. The EPS estimate has increased from C$1.56 over the past 30 days, with one upward revision and no downward revisions. Primaris says its Upper Canada Mall acquisition should modestly increase annualized FFO per unit. Management has also pointed to leasing and capturing embedded NOI as priorities.
Bear case
There isn’t enough historical estimate data to show how Primaris typically performs against consensus, and just one analyst contributed to the EPS estimate. The Upper Canada Mall purchase and the sale of Primaris’s 50% managing interest in Cataraqui Centre also complicate year-over-year comparisons. Investors may also consider the recent equity offering when assessing per-unit results. Strong revenue alone won’t show whether the company made progress on operations and per-unit performance.
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