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Voyageur Secures First International Sales Contract worth US$1.9 Million (click to learn more)
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PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures T.PRV.DB

Alternate Symbol(s):  T.PRV.UN | PRVFF

Real Estate REIT - Diversified
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 123 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.


TSX:PRV.DB - Post by User

PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures > Another distribution cut
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Comment by canadianon Sep 07, 2023 9:48am
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Post# 35623802

RE:RE:RE:RE:RE:RE:RE:Another distribution cut

RE:RE:RE:RE:RE:RE:RE:Another distribution cutStop spreading false information: From earnings call

Net operating income was $14.5 million, up 1.3% year over year, also as a result of the number of properties and ownership percentages in our portfolio. G&A expense was $1.3 million in Q2, in line with our G&A run rate for the remainder of the year. As you recall, we had a one-time CEO retirement cost of $2.2 million included in G&A expenses in Q1 this year. N
et cash flows provided from operating activities was $0.6 million in our second quarter compared to $2.2 million in Q2 2022, largely as a result of the timing of cash receipts and settlement of payables.  AFFO totaled $7.0 million, down from $7.9 million in the same period last year.The decrease was related to the temporary vacancy in the industrial property that Gordie discussed and higher weighted average interest rates. 
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