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 > Dividend cut coming ?

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Comment by canadianon May 22, 2023 12:22pm

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Post# 35459118

RE:RE:RE:Dividend cut coming ?

Read the earnings report before believibg the dumb analyst: From your comment

2023E FFO/unit is -12%, reflecting the elevated G&A in Q1/23

From earnings report

General and administrative expenses for the three month period ended March 31, 2023 were $3,518, an increase of $2,316 over the same period in 2022. The increase is primarily due to the one-time retirement fee of approximately $1,600 plus other one-time costs associated with the CEO succession of approximately $600

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