Announcement • May 29
Pro Real Estate Investment Trust to Report Q2, 2026 Results on Aug 13, 2026 Pro Real Estate Investment Trust announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Aug 13, 2026 Declared Dividend • May 25
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 6.6%, which is higher than the industry average of 3.4%. Announcement • May 23
Pro Real Estate Investment Trust Announces Distribution for May 2026, Payable on June 15, 2026 Pro Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of May 2026 ($0.45 on an annualized basis) will be payable on June 15, 2026 to unitholders of record as at May 29, 2026. Reported Earnings • May 17
First quarter 2026 earnings released First quarter 2026 results: Revenue: CA$26.9m (up 4.5% from 1Q 2025). Net income: CA$22.5m (up 50% from 1Q 2025). Profit margin: 84% (up from 58% in 1Q 2025). Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Industrial REITs industry in North America. Announcement • May 04
Pro Real Estate Investment Trust to Report Q1, 2026 Results on May 13, 2026 Pro Real Estate Investment Trust announced that they will report Q1, 2026 results After-Market on May 13, 2026 Declared Dividend • Apr 26
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 6.7%, which is higher than the industry average of 3.4%. Announcement • Apr 24
Pro Real Estate Investment Trust Announces April 2026 Distribution, Payable on May 15, 2026 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of April 2026 ($0.45 on an annualized basis) will be payable on May 15, 2026 to unitholders of record as at April 30, 2026. Announcement • Mar 23
Pro Real Estate Investment Trust, Annual General Meeting, Jun 02, 2026 Pro Real Estate Investment Trust, Annual General Meeting, Jun 02, 2026. Declared Dividend • Mar 23
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 7.3%, which is higher than the industry average of 3.4%. Announcement • Mar 20
Pro Real Estate Investment Trust Announces March 2026 Distribution, Payable on April 15, 2026 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of March 2026 ($0.45 on an annualized basis) will be payable on April 15, 2026 to unitholders of record as at March 31, 2026. Reported Earnings • Mar 06
Full year 2025 earnings released Full year 2025 results: Revenue: CA$104.1m (up 4.9% from FY 2024). Net income: CA$35.3m (up CA$33.0m from FY 2024). Profit margin: 34% (up from 2.4% in FY 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Industrial REITs industry in North America. Announcement • Mar 05
An undisclosed buyer acquired 50% stake in 64,898 Square Feet Industrial Property located at 170 Joseph Zatzman Drive in Dartmouth, Nova Scotia from Pro Real Estate Investment Trust (TSX:PRV.UN) for CAD 11.4 million. An undisclosed buyer acquired 50% stake in 64,898 Square Feet Industrial Property located at 170 Joseph Zatzman Drive in Dartmouth, Nova Scotia from Pro Real Estate Investment Trust (TSX:PRV.UN) for CAD 11.4 million on February 17, 2026.
An undisclosed buyer completed the acquisition of 50% stake in 64,898 Square Feet Industrial Property located at 170 Joseph Zatzman Drive in Dartmouth, Nova Scotia from Pro Real Estate Investment Trust (TSX:PRV.UN) on February 17, 2026. Declared Dividend • Feb 22
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 27th February 2026 Payment date: 16th March 2026 Dividend yield will be 6.9%, which is higher than the industry average of 3.4%. Announcement • Feb 20
Pro Real Estate Investment Trust announces Monthly dividend, payable on March 16, 2026 Pro Real Estate Investment Trust announced Monthly dividend of CAD 0.0375 per share payable on March 16, 2026, ex-date on February 27, 2026 and record date on February 27, 2026. Announcement • Feb 17
Pro Real Estate Investment Trust to Report Q4, 2025 Results on Mar 04, 2026 Pro Real Estate Investment Trust announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 04, 2026 Declared Dividend • Jan 25
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 30th January 2026 Payment date: 17th February 2026 Dividend yield will be 6.8%, which is higher than the industry average of 3.4%. Announcement • Jan 22
Pro Real Estate Investment Trust Announces Monthly Dividend, Payable on February 17, 2026 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of January 2026 ($0.45 on an annualized basis) will be payable on February 17, 2026 to unitholders of record as at January 30, 2026. Declared Dividend • Dec 26
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 6.9%, which is higher than the industry average of 3.4%. Announcement • Dec 24
Pro Real Estate Investment Trust announces Monthly dividend, payable on January 15, 2026 Pro Real Estate Investment Trust announced Monthly dividend of CAD 0.0375 per share payable on January 15, 2026, ex-date on December 31, 2025 and record date on December 31, 2025. Recent Insider Transactions • Dec 23
Co-Founder recently bought CA$74k worth of stock On the 22nd of December, Gordon Lawlor bought around 11k shares on-market at roughly CA$6.53 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Gordon has been a buyer over the last 12 months, purchasing a net total of CA$233k worth in shares. Declared Dividend • Nov 23
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 7.4%, which is higher than the industry average of 3.4%. Announcement • Nov 20
PRO Real Estate Investment Trust Announces November 2025 Distribution, Payable on December 15, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of November 2025 ($0.45 on an annualized basis) will be payable on December 15, 2025 to unitholders of record as at November 28, 2025. Reported Earnings • Nov 14
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CA$27.1m (up 13% from 3Q 2024). Net income: CA$12.9m (up 288% from 3Q 2024). Profit margin: 48% (up from 14% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Industrial REITs industry in North America. Announcement • Oct 27
Pro Real Estate Investment Trust to Report Q3, 2025 Results on Nov 11, 2025 Pro Real Estate Investment Trust announced that they will report Q3, 2025 results After-Market on Nov 11, 2025 Declared Dividend • Oct 24
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st October 2025 Payment date: 17th November 2025 Dividend yield will be 7.4%, which is higher than the industry average of 3.4%. Announcement • Oct 22
PRO Real Estate Investment Trust Announces October 2025 Distribution, Payable on November 17, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of October 2025 ($0.45 on an annualized basis) will be payable on November 17, 2025 to unitholders of record as at October 31, 2025. Declared Dividend • Sep 28
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 7.7%, which is higher than the industry average of 3.4%. Buy Or Sell Opportunity • Sep 25
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at CA$5.76. The fair value is estimated to be CA$7.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 89%. Declared Dividend • Aug 24
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 7.6%, which is higher than the industry average of 3.4%. Announcement • Aug 21
PRO Real Estate Investment Trust Announces Cash Distribution for the Month of August 2025, Payable on September 15, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of August 2025 ($0.45 on an annualized basis) will be payable on September 15, 2025 to unitholders of record as at August 29, 2025. Recent Insider Transactions • Aug 20
Co-Founder recently bought CA$51k worth of stock On the 19th of August, Gordon Lawlor bought around 9k shares on-market at roughly CA$5.95 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Gordon has been a buyer over the last 12 months, purchasing a net total of CA$262k worth in shares. Reported Earnings • Aug 14
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CA$25.0m (up 1.8% from 2Q 2024). Net income: CA$5.24m (down 21% from 2Q 2024). Profit margin: 21% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Industrial REITs industry in North America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 06
Now 20% undervalued Over the last 90 days, the stock has risen 14% to CA$5.80. The fair value is estimated to be CA$7.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 91%. Declared Dividend • Jul 27
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 7.8%, which is higher than the industry average of 3.4%. Announcement • Jul 25
Pro Real Estate Investment Trust Announces July 2025 Cash Distribution, Payable on August 15, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of July 2025 ($0.45 on an annualized basis) will be payable on August 15, 2025 to unitholders of record as at July 31, 2025. Announcement • Jun 27
Pro Real Estate Investment Trust (TSX:PRV.UN) completed the acquisition of portfolio of six high-quality industrial properties located in Winnipeg, Manitoba from Parkit Enterprise Inc. (TSXV:PKT). Pro Real Estate Investment Trust (TSX:PRV.UN) agreed to acquire portfolio of six high-quality industrial properties located in Winnipeg, Manitoba from Parkit Enterprise Inc. (TSXV:PKT) for CAD 101.5 million on February 18, 2025. Previously, the purchase price was set at CAD 96.5 million. Out of the total purchase price of CAD 96.5 million, approximately CAD 40 million will be paid by PROREIT to Parkit through the issuance of around 6.45 million trust units of PROREIT and Class B LP Units of PROREIT Limited Partnership. Each of these units is exchangeable for a trust unit of PROREIT, with a valuation set at CAD 6.20 per unit. The purchase price is subject to customary adjustments. As of May 22, 2025, the purchase price was set at CAD 101.5 million, subject to the adjustments. It includes CAD 17.12 million worth of Class B LP Units of PROREIT Limited Partnership and CAD 22.88 million worth of trust units of PROREIT. The balance of the purchase price shall be paid by the Pro Real Estate Investment Trust to the Vendor’s Solicitors, in trust, at Closing. The transaction will be financed with approximately $63 million from a 3-year secured non-revolving credit facility. Following the Transaction, Parkit will hold an approximate 9.6% ownership interest in PROREIT.
Additionally, Parkit will have the right to nominate one trustee to PROREIT’s board wherein the initial Parkit nominee will be Steven Scott. The closing of the Transaction is subject to customary closing conditions, including Toronto Stock Exchange and TSX Venture Exchange approval, and is expected to close in the second quarter of 2025. The Transaction is expected to be accretive to 2025 consensus AFFO per unit.
The Bank of Nova Scotia acted as financial advisor while Osler, Hoskin & Harcourt LLP acted as legal advisor for Pro Real Estate Investment Trust. Marrelli & Co. and Thompson Dorfman Sweatman LLP acted as legal advisor for Parkit Enterprise.
Pro Real Estate Investment Trust (TSX:PRV.UN) completed the acquisition of portfolio of six high-quality industrial properties located in Winnipeg, Manitoba from Parkit Enterprise Inc. (TSXV:PKT) on June 27, 2025. Declared Dividend • Jun 25
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 8.0%, which is higher than the industry average of 3.4%. Announcement • Jun 20
PRO Real Estate Investment Trust Announces June 2025 Distribution, Payable on July 15, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of June 2025 ($0.45 on an annualized basis) will be payable on July 15, 2025 to unitholders of record as at June 30, 2025. Announcement • Jun 04
PRO Real Estate Investment Trust Announces Trustees Changes, Effective June 3, 2025 PRO Real Estate Investment Trust at its annual meeting of unitholders on June 3, 2025, announced that Kenrick McKinnon was elected as trustee, James W. Beckerleg as Vice Chair and Martin Coté as Chair. Declared Dividend • May 26
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 30th May 2025 Payment date: 16th June 2025 Dividend yield will be 8.3%, which is higher than the industry average of 3.4%. Recent Insider Transactions • May 22
Co-Founder recently bought CA$108k worth of stock On the 20th of May, Gordon Lawlor bought around 20k shares on-market at roughly CA$5.41 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Gordon has been a buyer over the last 12 months, purchasing a net total of CA$285k worth in shares. Announcement • May 22
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of May 2025, Payable on June 16, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of May 2025 ($0.45 on an annualized basis) will be payable on June 16, 2025 to unitholders of record as at May 30, 2025. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: CA$0.25 (vs CA$0.16 loss in 1Q 2024) First quarter 2025 results: EPS: CA$0.25 (up from CA$0.16 loss in 1Q 2024). Revenue: CA$14.9m (down 42% from 1Q 2024). Net income: CA$15.0m (up CA$24.5m from 1Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Industrial REITs industry in North America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Pro Real Estate Investment Trust to Report Q1, 2025 Results on May 14, 2025 Pro Real Estate Investment Trust announced that they will report Q1, 2025 results After-Market on May 14, 2025 Declared Dividend • Apr 24
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 9.0%, which is higher than the industry average of 3.4%. Announcement • Apr 22
PRO Real Estate Investment Trust Announces April 2025 Distribution, Payable on May 15, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of April 2025 ($0.45 on an annualized basis) will be payable on May15, 2025 to unitholders of record as at April 30, 2025. Buy Or Sell Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.8% to CA$4.76. The fair value is estimated to be CA$6.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 84%. Declared Dividend • Mar 24
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 8.9%, which is higher than the industry average of 3.4%. Reported Earnings • Mar 13
Full year 2024 earnings released Full year 2024 results: Revenue: CA$99.2m (flat on FY 2023). Net income: CA$2.38m (down 91% from FY 2023). Profit margin: 2.4% (down from 26% in FY 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Industrial REITs industry in North America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.8% to CA$4.99. The fair value is estimated to be CA$6.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has declined by 61%. Declared Dividend • Feb 24
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 28th February 2025 Payment date: 17th March 2025 Dividend yield will be 8.4%, which is higher than the industry average of 3.4%. Announcement • Feb 22
PRO Real Estate Investment Trust Announces February 2025 Distribution, Payable on March 17, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of February 2025 ($0.45 on an annualized basis) will be payable on March 17, 2025 to unitholders of record as at February 28, 2025. Announcement • Feb 19
Pro Real Estate Investment Trust to Report Q4, 2024 Results on Mar 12, 2025 Pro Real Estate Investment Trust announced that they will report Q4, 2024 results After-Market on Mar 12, 2025 Buy Or Sell Opportunity • Feb 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.9% to CA$5.25. The fair value is estimated to be CA$6.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has declined by 61%. Declared Dividend • Jan 23
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st January 2025 Payment date: 18th February 2025 Dividend yield will be 8.4%, which is higher than the industry average of 3.4%. Announcement • Jan 21
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of January 2025, Payable on February 18, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of January 2025 ($0.45 on an annualized basis) will be payable on February 18, 2025 to unitholders of record as at January 31, 2025. Declared Dividend • Dec 22
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 8.7%, which is higher than the industry average of 3.4%. Announcement • Dec 20
Pro Real Estate Investment Trust Announces Distribution for the Month of December 2024, payable on January 15, 2025 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of December 2024 ($0.45 on an annualized basis) will be payable on January 15, 2025 to unitholders of record as at December 31, 2024. Declared Dividend • Nov 25
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 29th November 2024 Payment date: 16th December 2024 Dividend yield will be 8.0%, which is higher than the industry average of 5.2%. Recent Insider Transactions • Nov 22
Co-Founder recently bought CA$104k worth of stock On the 21st of November, Gordon Lawlor bought around 19k shares on-market at roughly CA$5.57 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Gordon has been a buyer over the last 12 months, purchasing a net total of CA$285k worth in shares. Announcement • Nov 21
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of November 2024, Payable on December 16, 2024 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of November 2024 ($0.45 on an annualized basis) will be payable on December 16, 2024 to unitholders of record as at November 29, 2024. Reported Earnings • Nov 15
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CA$24.0m (flat on 3Q 2023). Net income: CA$3.33m (down 70% from 3Q 2023). Profit margin: 14% (down from 47% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 27
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 7.6%, which is higher than the industry average of 5.2%. Announcement • Oct 23
PRO Real Estate Investment Trust Announces Cash Distribution for the Month of October 2024, Payable on November 15, 2024 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of October 2024 ($0.45 on an annualized basis) will be payable on November 15, 2024 to unitholders of record as at October 31, 2024. Announcement • Oct 22
Pro Real Estate Investment Trust to Report Q3, 2024 Results on Nov 13, 2024 Pro Real Estate Investment Trust announced that they will report Q3, 2024 results After-Market on Nov 13, 2024 Declared Dividend • Sep 26
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 7.7%, which is higher than the industry average of 5.2%. Declared Dividend • Aug 23
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 8.4%, which is higher than the industry average of 5.2%. Announcement • Aug 21
PRO Real Estate Investment Trust Announces August 2024 Distribution, Payable on September 16, 2024 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of August 2024 ($0.45 on an annualized basis) will be payable on September 16, 2024 to unitholders of record as at August 30, 2024. Reported Earnings • Aug 09
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$24.6m (down 1.4% from 2Q 2023). Net income: CA$6.62m (up 280% from 2Q 2023). Profit margin: 27% (up from 7.0% in 2Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the REITs industry in Canada. Announcement • Aug 08
An unknown buyer entered into a binding agreement to acquire One non-core office property in Ottawa, Ontario totalling approximately 69,000 square feet from Pro Real Estate Investment Trust (TSX:PRV.UN) for CAD 11.3 million. An unknown buyer entered into a binding agreement to acquire One non-core office property in Ottawa, Ontario totalling approximately 69,000 square feet from Pro Real Estate Investment Trust (TSX:PRV.UN) for CAD 11.3 million on July 17, 2024. Net proceeds of the sale will be used to repay an approximately CAD 8.2 million related mortgage with a 6.6% interest rate maturing in 2025, with the balance to be used to repay a portion of the credit facility or for general business and working capital purposes. The transaction subject to standard closing conditions and is expected to close in Q3 2024. Declared Dividend • Jul 25
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 8.9%, which is higher than the industry average of 5.2%. Announcement • Jul 23
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of July 2024, Payable on August 15, 2024 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of July 2024 will be payable on August 15, 2024 to unitholders of record as at July 31, 2024. Announcement • Jul 22
Pro Real Estate Investment Trust to Report Q2, 2024 Results on Aug 07, 2024 Pro Real Estate Investment Trust announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 07, 2024 Declared Dividend • Jun 23
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 9.7%, which is higher than the industry average of 5.2%. Recent Insider Transactions • Jun 20
Co-Founder recently bought CA$73k worth of stock On the 19th of June, Gordon Lawlor bought around 15k shares on-market at roughly CA$4.90 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Gordon has been a buyer over the last 12 months, purchasing a net total of CA$480k worth in shares. Announcement • Jun 20
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of June 2024, Payable on July 15, 2024 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of June 2024 will be payable on July 15, 2024 to unitholders of record as at June 28, 2024. Declared Dividend • May 26
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 31st May 2024 Payment date: 17th June 2024 Dividend yield will be 8.8%, which is higher than the industry average of 5.2%. Announcement • May 24
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of May 2024, Payable on June 17, 2024 Pro Real Estate Investment Trust announced a cash distribution of $0.0375 per trust unit of the REIT for the month of May 2024 will be payable on June 17, 2024 to unitholders of record as at May 31, 2024. Recent Insider Transactions • May 22
Co-Founder recently bought CA$56k worth of stock On the 21st of May, Gordon Lawlor bought around 11k shares on-market at roughly CA$5.36 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Gordon has been a buyer over the last 12 months, purchasing a net total of CA$520k worth in shares. Reported Earnings • May 09
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$25.7m (up 1.7% from 1Q 2023). Net loss: CA$9.45m (down 172% from profit in 1Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the REITs industry in Canada. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Pro Real Estate Investment Trust to Report Q1, 2024 Results on May 08, 2024 Pro Real Estate Investment Trust announced that they will report Q1, 2024 results After-Market on May 08, 2024 Upcoming Dividend • Apr 25
Upcoming dividend of CA$0.037 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Trailing yield: 8.8%. Within top quartile of Canadian dividend payers (6.6%). Higher than average of industry peers (7.9%). Upcoming Dividend • Apr 24
Upcoming dividend of CA$0.037 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Trailing yield: 8.8%. Within top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (7.9%). Declared Dividend • Apr 23
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 8.7%, which is higher than the industry average of 5.2%. Announcement • Apr 20
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of April 2024, Payable on May 15, 2024 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of April 2024 will be payable on May 15, 2024 to unitholders of record as at April 30, 2024. Recent Insider Transactions • Mar 27
Co-Founder recently bought CA$52k worth of stock On the 25th of March, Gordon Lawlor bought around 10k shares on-market at roughly CA$5.38 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Gordon has been a buyer over the last 12 months, purchasing a net total of CA$534k worth in shares. Reported Earnings • Mar 24
Full year 2023 earnings released: FFO per share: CA$0.4 (vs CA$0.51 in FY 2022) Full year 2023 results: FFO per share: CA$0.4 (down from CA$0.51 in FY 2022). Revenue: CA$99.9m (up 2.8% from FY 2022). Funds from operations (FFO): CA$26.3m (down 13% from FY 2022). FFO margin: 26% (down from 31% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the REITs industry in Canada. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 21
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 8.6%, which is higher than the industry average of 5.2%. Announcement • Mar 21
Pro Real Estate Investment Trust, Annual General Meeting, Jun 04, 2024 Pro Real Estate Investment Trust, Annual General Meeting, Jun 04, 2024, at 11:00 Eastern Standard Time. Announcement • Mar 20
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of March 2024, Payable on April 15, 2024 Pro Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of March 2024 will be payable on April 15, 2024 to unitholders of record as at March 28, 2024. Buy Or Sell Opportunity • Mar 15
Now 20% undervalued Over the last 90 days, the stock has risen 12% to CA$5.33. The fair value is estimated to be CA$6.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 26%. Announcement • Feb 29
Pro Real Estate Investment Trust to Report Q4, 2023 Results on Mar 20, 2024 Pro Real Estate Investment Trust announced that they will report Q4, 2023 results After-Market on Mar 20, 2024 Buy Or Sell Opportunity • Feb 26
Now 20% undervalued Over the last 90 days, the stock has risen 9.9% to CA$5.24. The fair value is estimated to be CA$6.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 26%. Declared Dividend • Feb 22
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 8.3%, which is higher than the industry average of 5.2%. Announcement • Feb 20
Pro Real Estate Investment Trust Announces Cash Distribution for the Month of February 2024, Payable on March 15, 2024 PRO Real Estate Investment Trust announced that a cash distribution of $0.0375 per trust unit of the REIT for the month of February 2024 will be payable on March 15, 2024 to unitholders of record as at February 29, 2024. Declared Dividend • Jan 25
Dividend of CA$0.037 announced Shareholders will receive a dividend of CA$0.037. Ex-date: 30th January 2024 Payment date: 15th February 2024 Dividend yield will be 8.0%, which is higher than the industry average of 5.1%.