| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
PRV.UN Overview
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.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$7.09 |
| 52 Week High | CA$4.30 |
| 52 Week Low | CA$7.09 |
| Beta | 1.74 |
| 1 Month Change | 2.61% |
| 3 Month Change | 0% |
| 1 Year Change | 43.52% |
| 3 Year Change | 1.00% |
| 5 Year Change | 0.57% |
| Change since IPO | 18.17% |
Recent News & Updates
Shareholder Returns
| PRV.UN | CA REITs | CA Market | |
|---|---|---|---|
| 7D | 1.6% | 0.5% | -0.6% |
| 1Y | 43.5% | 33.8% | 28.9% |
Return vs Industry: PRV.UN exceeded the Canadian REITs industry which returned 33.8% over the past year.
Return vs Market: PRV.UN exceeded the Canadian Market which returned 29% over the past year.
Price Volatility
| PRV.UN volatility | |
|---|---|
| PRV.UN Beta | 1.74 |
| Industry Beta | 1.03 |
| Market Beta | 1 |
Stable Share Price: PRV.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PRV.UN's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2010 | n/a | Jim Beckerleg | https://www.proreit.com |
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 in March 2013, PROREIT is mainly focused on strong primary and secondary markets in Québec, Atlantic Canada and Ontario, with selective exposure in Western Canada.
Pro Real Estate Investment Trust Fundamentals Summary
| PRV.UN fundamental statistics | |
|---|---|
| Market Cap | CA$342.36m |
| Earnings (TTM) | CA$18.44m |
| Revenue (TTM) | CA$70.05m |
18.6x
P/E Ratio4.9x
P/S RatioIs PRV.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PRV.UN income statement (TTM) | |
|---|---|
| Revenue | CA$70.05m |
| Cost of Revenue | CA$28.82m |
| Gross Profit | CA$41.23m |
| Expenses | CA$22.79m |
| Earnings | CA$18.44m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.39 |
| Gross Margin | 58.86% |
| Net Profit Margin | 26.33% |
| Debt/Equity Ratio | 156.1% |
How did PRV.UN perform over the long term?
See historical performance and comparisonDividends
6.3%
Current Dividend Yield87%
Payout RatioValuation
Is Pro Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
35.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PRV.UN (CA$7.09) is trading below our estimate of fair value (CA$11.06)
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 (18.6x) compared to the Canadian REITs industry average (10.1x).
PE vs Market: PRV.UN is poor value based on its PE Ratio (18.6x) compared to the Canadian market (12.9x).
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's PB Ratio (1.2x) is in line with the CA REITs industry average.
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?
13.1%
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 (13.1% per year) is forecast to grow faster than the Canadian market (6.1% per year).
High Growth Revenue: PRV.UN's revenue (13.1% 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?
22.3%
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 (26.3%) are lower than last year (36%).
Past Earnings Growth Analysis
Earnings Trend: PRV.UN's earnings have grown significantly by 22.3% per year over the past 5 years.
Accelerating Growth: PRV.UN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PRV.UN had negative earnings growth (-21.8%) over the past year, making it difficult to compare to the REITs industry average (5.5%).
Return on Equity
High ROE: PRV.UN's Return on Equity (6.3%) 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$13.4M) do not cover its short term liabilities (CA$61.6M).
Long Term Liabilities: PRV.UN's short term assets (CA$13.4M) do not cover its long term liabilities (CA$418.0M).
Debt to Equity History and Analysis
Debt Level: PRV.UN's debt to equity ratio (156.1%) is considered high.
Reducing Debt: PRV.UN's debt to equity ratio has reduced from 201.6% to 156.1% over the past 5 years.
Debt Coverage: PRV.UN's debt is not well covered by operating cash flow (6%).
Interest Coverage: PRV.UN's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Dividend
What is Pro Real Estate Investment Trust current dividend yield, its reliability and sustainability?
6.35%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRV.UN's dividend (6.35%) is higher than the bottom 25% of dividend payers in the Canadian market (1.64%).
High Dividend: PRV.UN's dividend (6.35%) is in the top 25% of dividend payers in the Canadian market (4.51%)
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 8 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (87.3%), PRV.UN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.5yrs
Average management tenure
CEO
Jim Beckerleg (74 yo)
8.5yrs
Tenure
CA$1,549,313
Compensation
Mr. James W. Beckerleg, also known as Jim, has serves as President, Chief Executive Officer at Pro Real Estate Investment Trust since March 2013 and serves as Trustee since March 11, 2013. He was the Presi...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.22M) is above average for companies of similar size in the Canadian market ($USD512.41K).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PRV.UN's management team is seasoned and experienced (8.5 years average tenure).
Board Members
Experienced Board: PRV.UN's board of directors are considered experienced (7.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PRV.UN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.6%.
Top Shareholders
Company Information
Pro Real Estate Investment Trust's 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$342.358m
- Market Cap: CA$331.868m
- Shares outstanding: 48.29m
- Website: https://www.proreit.com
Location
- Pro Real Estate Investment Trust
- 2000 Mansfield Street
- Suite 1000
- Montreal
- Quebec
- H3A 2Z7
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:12 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| 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.