Pro Real Estate Investment Trust

PRV.UN

CA7426943006

Commercial REITs

Delayed Toronto S.E. Other stock markets 17:44:33 23/05/2024 BST			5-day change	1st Jan Change
5.12 ^CAD	-2.10%		-2.84%	+7.55%

01:02pm	Pro Real Estate Investment Trust Announces Cash Distribution for the Month of May 2024, Payable on June 17, 2024	CI
05-09	Transcript : Pro Real Estate Investment Trust, Q1 2024 Earnings Call, May 09, 2024

Pro Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2024

May 08, 2024 at 10:10 pm

Pro Real Estate Investment Trust reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 25.7 million compared to CAD 25.28 million a year ago. Net loss was CAD 9.45 million compared to net income of CAD 13.05 million a year ago.

Latest news about Pro Real Estate Investment Trust

Pro Real Estate Investment Trust Announces Cash Distribution for the Month of May 2024, Payable on June 17, 2024	12:02pm	CI
Transcript : Pro Real Estate Investment Trust, Q1 2024 Earnings Call, May 09, 2024	05-09
Pro Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2024	05-08	CI
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of April 2024, Payable on May 15, 2024	04-19	CI
REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences	04-17	MT
Transcript : Pro Real Estate Investment Trust, Q4 2023 Earnings Call, Mar 21, 2024	03-21
PRO REIT Brief: Adds Same Property NOI was up 7.5% in Q4 YoT and up 1.7% in Fiscal 2023 compared to Fiscal 2022	03-20	MT
PRO REIT Brief: Says Net operating income (NOI) was up 2.2% in Q4 YoY and up 0.4% for Fiscal 2023 compared to Fiscal 2022	03-20	MT
Pro Real Estate Investment Trust Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	03-20	CI
Pro Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	03-19	CI
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of March 2024, Payable on April 15, 2024	03-19	CI
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of February 2024, Payable on March 15, 2024	02-20	CI
Pro REIT Sells Two Properties For $20.7 Million; Enters Separate Deal For $5.4 Million In Additional Proceeds	02-15	MT
PRO REIT Brief: Says Completed Sale of Two Non-Core Properties For Gross Proceeds of $20.7 Million	02-15	MT
An unknown buyer acquired 65,000 SF Non-Core Industrial Property from Pro Real Estate Investment Trust (TSX:PRV.UN)	02-14	CI
An unknown buyer acquired 59,085 SF Non-Core Retail Property from Pro Real Estate Investment Trust (TSX:PRV.UN) for CAD 13.5 million.	02-14	CI
Proreit Announces January 2024 Distribution, Payable on February 15, 2024	01-22	CI
PRO REIT Completes Sale of Three Non-Core Properties	12-28	MT
An unknown buyer completed the acquisition of One non-core retail property from Pro Real Estate Investment Trust (TSX:PRV.UN).	12-27	CI
An unknown buyer acquired three non-core retail properties from Pro Real Estate Investment Trust (TSX:PRV.UN) for CAD 13.2 million.	12-27	CI
Pro Real Estate Investment Trust Announces December 2023 Cash Distribution, Payable on January 15, 2024	12-19	CI
Pro Real Estate Investment Trust Announces Cash Distribution for November 2023, Payable on December 15, 2023	11-22	CI
Pro Real Estate Investment Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-16	CI
Transcript : Pro Real Estate Investment Trust, Q3 2023 Earnings Call, Nov 09, 2023	11-09
Tranche Update on Pro Real Estate Investment Trust (TSX:PRV.UN)'s Equity Buyback Plan announced on September 22, 2022.	11-07	CI

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Company Profile

PRO Real Estate Investment Trust is a Canada-based industrial-focused open-ended real estate investment trust (REIT). The Trust owns a portfolio of commercial real estate properties in Canada, with an industrial focus in robust secondary markets. Its segments include three classifications of investment properties: Industrial, Retail and Office. It is present in ten Canadian provinces, with a high concentration in Eastern and Central Canada. The Trust owns 121 investment properties (including a 50% ownership interest in 42 investment properties), including 135 Main Street in 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 Trust's properties are located in Western Canada, Ontario, Quebec and Atlantic Canada.

Sector

Commercial REITs

Calendar

04/06/2024 - Annual General Meeting

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.23 CAD

Average target price

6.143 CAD

Spread / Average Target

+17.45%

Consensus

Quarterly revenue - Rate of surprise

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