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

Comment by Sunnyboyon May 13, 2020 8:02pm

226 Views

Post# 31025141

RE:RE:RE:RESULTS ARE OUT!

Running the numbers. If they wouldn’t get any of the deferred (5.3%) and rent in arrears (2.2%) than I assume their quarterly revenue would decrease with 7.5% of $17.707.000,00=1.33 milion. When you would take this off the 6.0million AFFO that would result in an AFFO of 4.67 million. A reduction of 22%. This would result in an AFFO/unit/Q of $0.1146. With the reduced distribution rate this would be an AFFO payout ratio of 98% ( 0.1125 divided by 0.1146 ) If you include the deferred rent (5.3%) the AFFO payout ratio would improve to 82%.

Please correct me if I am wrong.

Further I think, as stores are opening up, things should improve?

Bullboard Posts

AI companies to invest in