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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 > Why cant this go up
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Comment by Amadeus2011on May 09, 2023 8:16am
103 Views
Post# 35438062

RE:Why cant this go up

RE:Why cant this go upThis is not a stock to buy if you're looking for huge price gains.
This is a stable, reliable high dividend stock. You buy it because you want long term income not immediate gains.
Now having said all this, you are correct that it has been fairly range-bound at the low end of it's past three year average. However, This shoudln't be of concern to most divi investors because the quality of the tenants in most if not all of PRO's properties is extermely high and speaks to stable, long-term leases...and the "cheques" keep rolling in every month!

My advice, Snakeboy? If you're looking for a fast buck, sell me your PRO shares and get into crypto.
Otherwise, buy the dips, enroll in the DRIP program and enjoy the thought of making money doing nothing at all.
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