Primaris REIT (TSX:PMZ.UN) Long-Term Capital Lease Obligation : C$0.0 Mil (As of Mar. 2024)

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What is Primaris REIT Long-Term Capital Lease Obligation?

Primaris REIT's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.0 Mil.

Primaris REIT's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$10.5 Mil) to Dec. 2023 (C$0.0 Mil) but then stayed the same from Dec. 2023 (C$0.0 Mil) to Mar. 2024 (C$0.0 Mil).

Primaris REIT Long-Term Capital Lease Obligation Historical Data

The historical data trend for Primaris REIT's Long-Term Capital Lease Obligation 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.

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Primaris REIT Long-Term Capital Lease Obligation Chart

Primaris REIT Annual Data

Trend

Dec07

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Dec23

Long-Term Capital Lease Obligation

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Primaris REIT Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	10.50	-	-

Primaris REIT (TSX:PMZ.UN) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Primaris REIT Long-Term Capital Lease Obligation Related Terms

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Primaris REIT (TSX:PMZ.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Primaris REIT (TSX:PMZ.UN) » Definitions » Long-Term Capital Lease Obligation

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PMREF:USA

Address

26 Wellington Street East, Suite 400, Toronto, ON, CAN, M5E 1S2

Website

http://www.primarisreit.com

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.

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