Primaris REIT (TSX:PMZ.UN) Total Assets : C$3,929.0 Mil (As of Mar. 2024)

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What is Primaris REIT Total Assets?

Primaris REIT's Total Assets for the quarter that ended in Mar. 2024 was C$3,929.0 Mil.

During the past 12 months, Primaris REIT's average Total Assets Growth Rate was 19.80% per year. During the past 3 years, the average Total Assets Growth Rate was 22.10% per year. During the past 5 years, the average Total Assets Growth Rate was -0.10% per year. During the past 10 years, the average Total Assets Growth Rate was 10.80% per year.

During the past 13 years, Primaris REIT's highest 3-Year average Total Assets Growth Rate was 37.20%. The lowest was -9.10%. And the median was 22.10%.

Total Assets is connected with ROA %. Primaris REIT's annualized ROA % for the quarter that ended in Mar. 2024 was 4.69%. Total Assets is also linked to Revenue through Asset Turnover. Primaris REIT's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Primaris REIT Total Assets Historical Data

The historical data trend for Primaris REIT's Total Assets 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 Total Assets Chart

Primaris REIT Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,218.06

2,134.96

3,247.84

3,201.78

3,899.63

Primaris REIT Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															3,277.46	3,298.97	3,507.61	3,899.63	3,929.00

Primaris REIT Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Primaris REIT's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	2103.927	+	1795.707
	=	3,899.6

Primaris REIT's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	2127.795	+	1801.2
	=	3,929.0

Primaris REIT (TSX:PMZ.UN) Total Assets Explanation

Total Assets is connected with ROA %.

Primaris REIT's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	183.524	/	( (3899.634	+	3928.995)	/ 2 )
	=	183.524	/	3914.3145
	=	4.69 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Primaris REIT's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	119.218	/	( (3899.634	+	3928.995)	/ 2 )
=	119.218	/	3914.3145
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Primaris REIT Total Assets Related Terms

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Primaris REIT (TSX:PMZ.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Primaris REIT (TSX:PMZ.UN) » Definitions » Total Assets

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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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