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Bullboard - Stock Discussion Forum PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures T.PRV.DB

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

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,... see more

TSX:PRV.DB - Post Discussion

Post by SNAKEYBOY on Sep 05, 2023 11:15am

BIG VOLUME TOO

This is a disgrace. Collingwood probably bailing...I hope its due to their over 20% by accident and not fundamentals.   I dont see why their investment thesis would have changed in a few weeks, plus these guys cant sell on open market anything signficant anyway without taking a massive hit.  

Disgraceful.  Should announce strategic review, rather than cut dividend andn have a $3 unit price.  Sickening man Didnt think PRV would fall prey to the reit sector flush
Comment by Konaboy on Sep 05, 2023 12:54pm
I'd chill a bit.  These guys are all buddies.  There will be no takeout, it's just an interest rate shakeout.  Given the thrashing you have taken across the board on REIT's, how can you be surprised that this one is not taking a beating as well?  Unlike office space (SOT), these ones are quite solid.  But they may need to make some capital allocation strategy ...more  
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