Pro Real Estate Investment Trust (T:PRV.UN)
Business Focus: Industrial REITs
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | 2000 Mansfield Street Suite 1000 MONTREAL QC H3A 2Z7 |
| Tel: | 1-514-9339552 |
| Website: | https://proreit.com/en |
| IR: | See website |
| Key People | ||
| Gordon G. Lawlor President, Chief Executive Officer | Alison Schafer Chief Financial Officer, Company Secretary | Chris Andrea President of Compass Commercial Realty LP |
| Business Overview |
| PRO Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns a portfolio of commercial real estate properties in Canada, with an industrial focus in robust secondary markets. The Company's segments include three classifications of investment properties: Industrial, Retail and Office. All of the Company's activities are located in a single segment, Canada. With a concentration in eastern and central Canada, its industrial-focused real estate portfolio consists of commercial properties located in secondary markets. It has approximately 126 properties, including MONCTON, NEW BRUNSWICK, Amherst, Nova Scotia; L'ancienne-Lorette, Quebec; Daveluyville, Quebec; Saint John, New Brunswick; Miramichi, New Brunswick; Woodstock, New Brunswick and others. The Company's properties are located in Western Canada, Ontario, Quebec and Atlantic Canada. |
| Financial Overview |
| For the nine months ended 30 September 2023, PRO Real Estate Investment Trust revenues increased 3% to C$74.3M. Net income decreased 67% to C$26.1M. Revenues reflect Industrial segment increase of 8% to C$52.5M. Net income was offset by Net Operating Income (NOI) Retail decrease of 16% to C$8.6M, Fair value adjustment - investment prope decrease of 94% to C$3M (income). Dividend per share remained flat at C$0.34. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $780.23M as of Sep 30, 2023 |
| Annual revenue (TTM): | $99.35M as of Sep 30, 2023 |
| EBITDA (TTM): | $49.92M as of Sep 30, 2023 |
| Net annual income (TTM): | $32.51M as of Sep 30, 2023 |
| Free cash flow (TTM): | $3.36M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $506.86M as of Sep 30, 2023 |
| Shares outstanding: | 59,249,207 as of Oct 12, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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