Pro Real Estate Investment Trust
Market Cap
CA$258.1m
Last Updated
2021/04/11 22:43 UTC
Data Sources
Company Financials +
Executive Summary
PROREIT is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 92 commercial properties across Canada representing over 4.5 million square feet of GLA. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record average dividend payer.
Share Price & News
How has Pro Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRV.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: PRV.UN's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.5%
PRV.UN
2.7%
CA REITs
1.0%
CA Market
1 Year Return
60.4%
PRV.UN
17.4%
CA REITs
39.2%
CA Market
Return vs Industry: PRV.UN exceeded the Canadian REITs industry which returned 17.4% over the past year.
Return vs Market: PRV.UN exceeded the Canadian Market which returned 39.2% over the past year.
Shareholder returns
| PRV.UN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 2.7% | 1.0% |
| 30 Day | 0.5% | 3.0% | 1.3% |
| 90 Day | 7.7% | 11.1% | 8.1% |
| 1 Year | 75.3%60.4% | 24.0%17.4% | 44.0%39.2% |
| 3 Year | 28.3%-2.7% | 26.8%7.8% | 32.2%19.6% |
| 5 Year | 87.0%16.8% | 42.6%7.8% | 59.4%35.3% |
Long-Term Price Volatility Vs. Market
How volatile is Pro Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Reflecting on Pro Real Estate Investment Trust's (TSE:PRV.UN) Share Price Returns Over The Last Year3 months ago | Simply Wall St
With A 6.6% Return On Equity, Is Pro Real Estate Investment Trust (TSE:PRV.UN) A Quality Stock?Valuation
Is Pro Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
49.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PRV.UN (CA$6.45) is trading below our estimate of fair value (CA$12.71)
Significantly Below Fair Value: PRV.UN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PRV.UN is poor value based on its PE Ratio (11.8x) compared to the CA REITs industry average (11x).
PE vs Market: PRV.UN is good value based on its PE Ratio (11.8x) compared to the Canadian market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PRV.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PRV.UN is overvalued based on its PB Ratio (1x) compared to the CA REITs industry average (0.9x).
Future Growth
How is Pro Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
10.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PRV.UN's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if PRV.UN's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PRV.UN's revenue (10.9% per year) is forecast to grow faster than the Canadian market (7.2% per year).
High Growth Revenue: PRV.UN's revenue (10.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PRV.UN's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Pro Real Estate Investment Trust performed over the past 5 years?
30.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRV.UN has high quality earnings.
Growing Profit Margin: PRV.UN's current net profit margins (30.2%) are higher than last year (26.3%).
Past Earnings Growth Analysis
Earnings Trend: PRV.UN's earnings have grown significantly by 30.9% per year over the past 5 years.
Accelerating Growth: PRV.UN's earnings growth over the past year (38.8%) exceeds its 5-year average (30.9% per year).
Earnings vs Industry: PRV.UN earnings growth over the past year (38.8%) exceeded the REITs industry -17.1%.
Return on Equity
High ROE: PRV.UN's Return on Equity (8.7%) is considered low.
Financial Health
How is Pro Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: PRV.UN's short term assets (CA$10.4M) do not cover its short term liabilities (CA$51.3M).
Long Term Liabilities: PRV.UN's short term assets (CA$10.4M) do not cover its long term liabilities (CA$340.0M).
Debt to Equity History and Analysis
Debt Level: PRV.UN's debt to equity ratio (153.7%) is considered high.
Reducing Debt: PRV.UN's debt to equity ratio has reduced from 192.1% to 153.7% over the past 5 years.
Debt Coverage: PRV.UN's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: PRV.UN's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
Dividend
What is Pro Real Estate Investment Trust current dividend yield, its reliability and sustainability?
6.98%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRV.UN's dividend (6.98%) is higher than the bottom 25% of dividend payers in the Canadian market (1.49%).
High Dividend: PRV.UN's dividend (6.98%) is in the top 25% of dividend payers in the Canadian market (4.81%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PRV.UN has been paying a dividend for less than 10 years.
Growing Dividend: PRV.UN has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (86.1%), PRV.UN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PRV.UN's dividends in 3 years are forecast to be covered by earnings (79.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
Jim Beckerleg (73 yo)
8.08yrs
Tenure
CA$1,458,616
Compensation
Mr. James W. Beckerleg, also known as Jim, has serves as President, Chief Executive Officer at Pro Real Estate Investment Trust since March 2013 and serves as Trustee since March 11, 2013. He was the Presi...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.16M) is above average for companies of similar size in the Canadian market ($USD435.20K).
Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: PRV.UN's management team is seasoned and experienced (8.1 years average tenure).
Board Members
Experienced Board: PRV.UN's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Pro Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pro Real Estate Investment Trust
- Ticker: PRV.UN
- Exchange: TSX
- Founded: 2010
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: CA$258.148m
- Market Cap: CA$248.606m
- Shares outstanding: 40.02m
- Website: https://www.proreit.com
Location
- Pro Real Estate Investment Trust
- 2000 Mansfield Street
- Suite 1000
- Montreal
- Quebec
- H3A 2Z7
- Canada
Listings
Biography
PROREIT is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 92 commercial properties across Canada representing over 4.5 million square feet of GLA. Established i...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 22:43 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.