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PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures T.PRV.DB

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

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
Bullboard Posts
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(4)
•••
Comment by Sunnyboyon Apr 22, 2020 10:31pm
229 Views
Post# 30942785

RE:RE:RE:RE:Less then 2 months ago

RE:RE:RE:RE:Less then 2 months agoAfter this 28½% reduction in distribution. ( 0.0525 to 0.0375 is -28½% ) the 2019 Q4 AFFO payout ratio would have gone down from 112.9% to 80.6%. If they will not be able to collect 2.6% of the April rent then for april the AFFO payout will be about 88%.

I personally think that this reduction of the distribution has been considered for a while now even before the latest events. I further think that PRV.UN going forwards with this reduced distribution and without the DRIP will be a finacially more solid and an attractive company to invest in. If the SP tomorrow will drop in any significant way I will sure add to my holding.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities