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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
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Comment by felix10on Jun 08, 2020 9:25pm
110 Views
Post# 31126974

RE:RE:RE:Company still 58% lower than 52 week high

RE:RE:RE:Company still 58% lower than 52 week highDon't know what makes you think they cut the dividend because the stock price dropped. That wouldn't make much sense since they'd have no idea how long the stock price would be down.
What they said at the time was:

"To preserve our balance sheet strength and liquidity position in the current market environment, PROREIT's Board of Trustees decided to revise our distribution policy in order to lower both our payout and debt ratios."

In the last quarter PRIOR to COVID, the payout ratio was 110% which probably wasn't sustainable, particularly now that some rents are not being collected or have been deferred.
Overall, I still think this company offers good value, but I wouldn't expect a distribution increase anytime soon. 
Bullboard Posts
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