Pro Real Estate Investment Trust Reports Third Quarter 2023 Earnings

Pro Real Estate Investment Trust (TSE:PRV.UN) Third Quarter 2023 Results

Key Financial Results

• Revenue: CA$24.1m (flat on 3Q 2022).
• Net income: CA$11.3m (down 42% from 3Q 2022).
• Profit margin: 47% (down from 81% in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pro Real Estate Investment Trust Earnings Insights

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the REITs industry in Canada.

Performance of the Canadian REITs industry.

The company's share price is broadly unchanged from a week ago.

Valuation

It's possible that Pro Real Estate Investment Trust could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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