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.

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PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures > Another distribution cut

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Comment by canadianon Sep 08, 2023 8:04am

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Post# 35625649

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

Also Affo was little high because of

The temporary vacancy of a102,000 square foot industrial property in Montreal,which has been fully re-leased with 10-year terms at an average positive spread of 55%,had a temporaryimpact on the quarter, namely on our Same Property NOI(1) and our AFFO Payout Ratio.

It was vacant from April 1st and lease starts from October 1st for 10 years with 55% increase in rent and also 3% increase in rent step ups annually.

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