Pro Real Estate Investment Trust (T:PRV.UN)
Business Focus: Industrial REITs
Mixed as of September 01, 2023
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Insider Filings
Latest 10 SEDI filings for PRV within the last 6 months
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Company News
Sep 29, 2023 07:02 ET
PROREIT COMPLETES SALE OF THREE NON-CORE PROPERTIES AND REITERATES CAPITAL ALLOCATION STRATEGY
Gross proceeds of $11.3 million from three completed dispositionsAs of September 28, 2023:Approx. 87% of 2023 GLA renewed at approximately 44% positive average spreadApprox. 12% of 2024 GLA renewed at approximately 21% positive average spread$46 million available and undrawn on credit facilityMONTREAL, Sept. 29, 2023 /CNW/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: PRV.UN) today announced that it has completed the sale of two non-core office properties and one non-core retail property totalling approximately 63,000 square feet of gross leasable area ("GLA") for total
Sep 20, 2023 17:01 ET
PROREIT ANNOUNCES SEPTEMBER 2023 DISTRIBUTION
MONTREAL, Sept. 20, 2023 /CNW/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: PRV.UN) announced today that a cash distribution of $0.0375 per trust unit of the REIT for the month of September 2023 will be payable on October 16, 2023 to unitholders of record as at September 29, 2023.
Valuation Ratios
Industry
Sector
Beta
--
--
--
Price to Sales - TTM
2.52
5.91
3.33
Price to Book - most recent quarter
0.51
0.71
1.15
Price to Cash Flow per share - TTM
6.01
12.88
11.26
Price to Free Cash Flow per share - TTM
69.40
49.52
20.55
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 78,799 | 1,951 |
| Aug 31, 2023 | 76,848 | 28,278 |
| Aug 15, 2023 | 48,570 | 6,263 |
Business Summary
| Sector: Real Estate | Industry: Commercial REITs |
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.
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