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PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures T.PRV.DB

Alternate Symbol(s):  T.PRV.UN | PRVFF

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 ndiamondon Sep 06, 2023 3:36pm
140 Views
Post# 35622516

Insider buying

Insider buyingI doubt the CEO would be buying / adding another 10,000 units roughly a week ago at $5.10 if the company had plans to make a distribution cut. 

"With a 99-per-cent occupancy rate, we continue to benefit from very favorable leasing activity, including 85 per cent of 2023 maturing GLA renewed at 43.2-per-cent positive average rental rate spread. Without the temporary vacancy of a 102,000-square-foot industrial property, which has been fully re-leased at an average positive spread of 55 per cent, same-property NOI (adjusted for one temporary vacancy) growth amounted to 3.9 per cent in the second quarter of 2023, compared with the same prior-year period. The full impact of this compelling lease-up will be reflected in our fourth quarter results for this fiscal year."

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