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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, 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

Post by duplex5696on Nov 05, 2021 10:29am
205 Views
Post# 34091667

RE RE RE RE:- Trading on PRV

RE RE RE RE:- Trading on PRVJust about the only reit in negative territory this morning. A look at the depth chart suggests that even between 6.78-6.80 there are large sell orders. With an NAV of 7.19 I have to assume that the substantial private placement at a preferential  rate is responsible for the large sell overhang which continues to exist one month after closing. Despite the current stalled share price the growth potential of this reit suggests a very meaningfull upside going forward.
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