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.

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PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures > Insider Buy

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Comment by Shirtlessnomoreon Apr 08, 2022 2:43pm

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Post# 34588800

RE:Insider Buy

Right on! Thx for sharing. Cheers

Chefboy69 wrote:
Pro Real Estate Investment Trust (PRV.UN-T)

On March 30, chief financial officer and secretary Gordy Lawlor invested over $171,000 in units of PROREIT. He acquired a total of 23,200 units at an average cost per unit of roughly $7.39 for two accounts. After these transactions, one account for which he has direct ownership had an account balance of 52,000 units, and the other account, in which he has indirect ownership (GDRJL Holdings Inc.) held 221,088 units.

Unitholders receive a monthly distribution of 3.75 cents per unit or 45 cents per unit yearly, equating to a current annualized yield of approximately 6.4 per cent. In 2021, the AFFO (adjusted funds from operations) payout ratio stood at 89.7 per cent.