RE:RE:RE:Good news for tomorrow or 22 july!! Good news:
News Release Issued: Jul 21, 2020 (5:00pm EDT)
PROREIT Announces July 2020 Distribution and Rent Collections
- 98.5% of July 2020 rent received to date
- Monthly cash distribution of $0.0375 per unit declared
MONTREAL, July 21, 2020 /CNW Telbec/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: PRV.UN) today announced its July 2020 distribution and provided an update on its July rent collections.
"We are truly pleased with our July collection performance, which once again demonstrates the resilience of our tenant base in a challenging environment over the past few months. Our sound diversification strategy has resulted in robust results with increased collection rates across all asset classes and regions," said James Beckerleg, President and CEO, PROREIT.
"While maintaining high occupancy rates across our portfolio, we achieved 100% collection results from our office and mixed-used commercial tenants and over 97% from our retail portfolio, mainly comprised of community strip centres providing essential services and products," added Mr. Beckerleg.
"With the reopening of markets across Canada, we continue to closely monitor the situation and to proactively strengthen our position, to ensure our continued success and value creation for our unitholders," concluded James Beckerleg.