Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Pro Real Estate Investment Trust (V:PRV.UN)

Business Focus: Commercial REITs

Log in or join to add this stock to your watch list.
Sector:  Financials Industry:  Commercial REITs
 
See Regulatory Filings on SEDAR
Company Contact
Address: 920-2000 Mansfield St
MONTREAL QC H3A 2Z6
Tel: N/A
Website: proreit.com
IR: See website
Key People
John Levitt
Independent Chairman of the Board
James W. Beckerleg
President, Chief Executive Officer, Director
Gordon G. Lawlor
Chief Financial Officer
Vitale A. Santoro
Corporate Secretary, Independent Director
   
Business Overview
PRO Real Estate Investment Trust is a Canada-based unincorporated, open-ended real estate investment trust (REIT). The Company's segments include four classifications of investment properties: Retail, Office, Commercial Mixed Use and Industrial. The Company owns a portfolio of diversified commercial real estate properties in Canada, and has a focus on primary and secondary markets in Quebec, Atlantic Canada and Ontario with selective expansion into Western Canada (Alberta and British Columbia). The Company's portfolio consists of approximately 30 properties providing a portfolio of over 1.7 million square feet of commercial gross leasable area. The Company's portfolio is diversified by property type and geography across Quebec, New Brunswick, Nova Scotia and Alberta. The Company's properties include 135 Main Street, 2 Lawrence Street, 1670 Notre-Dame Street, 449 Principale Street, 2485 King George Highway, 325 Hymus Boulevard, 1850 Vanier Boulevard and 55 Technology Drive.
Financial Overview
For the six months ended 30 June 2019, PRO Real Estate Investment Trust revenues increased 47% to C$27.1M. Net income increased from C$2.5M to C$6.7M. Revenues reflect Office segment increase from C$1.7M to C$5.4M, Industrial segment increase of 71% to C$7.3M. Net income benefited from Fair value adjustment - investment prope decrease from C$1.9M (expense) to C$6.7M (income), Debt settlement costs decrease from C$719K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $554.26M as of Jun 30, 2019
Annual revenue (TTM): $49.49M as of Jun 30, 2019
EBITDA (TTM): $26.89M as of Jun 30, 2019
Net annual income (TTM): $23.02M as of Jun 30, 2019
Free cash flow (TTM): -$3.57M as of Jun 30, 2019
Net Debt Last Fiscal Year: $305.16M as of Jun 30, 2019
Shares outstanding: 37,158,418 as of Aug 19, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization