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

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

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.


TSX:PRV.DB - Post by User

PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures > Another distribution cut
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Comment by Capharnaumon Sep 07, 2023 9:20pm
138 Views
Post# 35625350

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

RE:RE:RE:RE:RE:RE:RE:RE:Another distribution cut
incomedreamer11 wrote: From last report ( in thousand CAD)

Cash flow provided from operating activities $ 619 

 Add (deduct): Changes in non-cash working capital 6,841

Distributions – Class B LP Units 157

Maintenance capital expenditures (174) 

Stabilized leasing costs (592)

Depreciation of property and equipment (108) 

Debt settlement costs 53

Transaction costs 194

CEO succession plan costs – 

Adjusted Funds From Operations (AFFO) (1) $ 6,990

You can see how they using calculation for AFFO and shortage distribution from debt


AFFO payout is the right measure for the distribution.

As to changes in non-cash working capital, it's not an expense and it's not something recurring either, it's timing based mostly.

AFFO payout is on the high side, but not necessarily in a "must cut" territory either.
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