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 necessary

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Comment by canadianon Oct 02, 2023 2:23pm

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Post# 35665407

RE:RE:RE:RE:RE:Dividend cut necessary

Look at their rent renewal increases.

So, our industrial spreads like are in the plus 50%. I think 54% was our industrial spread for the quarter. Alison is just pulling up the retail there. So, strong industrial, retail kind of like above average as well. But I believe it’s 54%

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.

They also have annual rent step ups.

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