Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > TD down target price again
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(320)
•••
Post by incomedreamer11on Oct 24, 2023 11:02am
260 Views
Post# 35698201

TD down target price again

TD down target price againWe derive our $4.75 from $5 target price by using an AFFO multiple of 12.0x-12.5x on our 2024E, representing a 28% discount to our NAV/unit estimate.

AFFO Payout 2023E 115%

P/AFFO    11.0x(2023)   11.0x( 2024)  10.5x (2025)
Company-specific risks include exposure to smaller business tenants, an elevated payout ratio, geographic concentration, reliance on acquisitions for growth, and ownership of units by Bragg Group (~19%), which gives it significant influence over the REIT.
Other key risks to target price include local real-estate markets; competitive supply; demand swings; general economic conditions; interest-rate fluctuations; potential inability to lease up properties; general tenant credit risk; loss of key management personnel; and cost pressures.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities