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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 - Industrial
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 Arbutus22on Oct 29, 2020 12:13pm
143 Views
Post# 31803697

RE:SOLID RENT COLLECTIONS BUT GOING BACK...

RE:SOLID RENT COLLECTIONS BUT GOING BACK...Many reits are seeing sp drop. We've seen this movie before: covid rates rise, countries (i.e., France) impose lockdowns, provinces (Ontario/Quebec) impose restrictions, media drums up fear, and many sectors get hit (i.e., financials/reits). Since March, PRV has shown its durability. Past three months, 99.5% rent collection. Management highlights this in press releases. They resumed normal course issuer bid. Substantial dividend is at zero risk of being reduced. Sp will fluctuate with covid rates but longer term, once ON and QC get their numbers down, prv is positioned to resume upward trend. According to management, their business is firing on all cylinders. Could this change? Of course. But if you do not accept that the world is ending, and that covid will pass (as did the spanish flu, 1918-1920) then sp depreciation is a time to add to holdings. For those who need confirmation, its coming on Nov 11, when Q3 results released.
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