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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

Comment by incomedreamer11on Sep 07, 2023 9:29am
126 Views
Post# 35623744

RE:RE:RE:RE:RE:RE:Another distribution cut

RE:RE:RE:RE:RE:RE:Another distribution cutFrom last report (thousand CAD)

3 Months Ended June 30 2023 

Cash flow provided from operating activities $ 619 

Net income and comprehensive income $ 1,742

Total distributions paid or payable – Units (1) $ 6,643

Shortfall of cash flow from operating activities over distributions paid or payable $ (6,024) 

They using debt to cover shortage distribution cash
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