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
Second-rate dividend payer and overvalued.
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 +/- 5% a week.
Volatility Over Time: PRV.UN's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PRV.UN underperformed the Canadian REITs industry which returned -16.3% over the past year.
Return vs Market: PRV.UN underperformed the Canadian Market which returned 1.3% over the past year.
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
2 months ago | Simply Wall StWhat Type Of Returns Would Pro Real Estate Investment Trust's(TSE:PRV.UN) Shareholders Have Earned If They Purchased Their SharesYear Ago?
6 months ago | Simply Wall StHow Pro Real Estate Investment Trust (TSE:PRV.UN) Can Impact Your Portfolio Volatility
7 months ago | Simply Wall StAt CA$3.97, Is It Time To Put Pro Real Estate Investment Trust (TSE:PRV.UN) On Your Watch List?
Is Pro Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PRV.UN (CA$5.78) is trading above our estimate of fair value (CA$5.39)
Significantly Below Fair Value: PRV.UN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PRV.UN is poor value based on its PE Ratio (13.9x) compared to the CA REITs industry average (9.1x).
PE vs Market: PRV.UN is good value based on its PE Ratio (13.9x) compared to the Canadian market (15.2x).
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 (0.9x) is in line with the CA REITs industry average.
How is Pro Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
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 (1.7%).
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 is expected to decline over the next 3 years (-0.03% per year).
High Growth Revenue: PRV.UN's revenue is forecast to decline over the next 3 years (-0.03% 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
How has Pro Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRV.UN has a large one-off loss of CA$6.1M impacting its September 30 2020 financial results.
Growing Profit Margin: PRV.UN's current net profit margins (23%) are lower than last year (38.2%).
Past Earnings Growth Analysis
Earnings Trend: PRV.UN's earnings have grown significantly by 32% 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 (-20.4%) over the past year, making it difficult to compare to the REITs industry average (13.7%).
Return on Equity
High ROE: PRV.UN's Return on Equity (6.6%) is considered low.
How is Pro Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: PRV.UN's short term assets (CA$12.8M) do not cover its short term liabilities (CA$65.4M).
Long Term Liabilities: PRV.UN's short term assets (CA$12.8M) do not cover its long term liabilities (CA$327.7M).
Debt to Equity History and Analysis
Debt Level: PRV.UN's debt to equity ratio (156.6%) is considered high.
Reducing Debt: PRV.UN's debt to equity ratio has reduced from 196.4% to 156.6% over the past 5 years.
Debt Coverage: PRV.UN's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: PRV.UN's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is Pro Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRV.UN's dividend (7.79%) is higher than the bottom 25% of dividend payers in the Canadian market (1.63%).
High Dividend: PRV.UN's dividend (7.79%) is in the top 25% of dividend payers in the Canadian market (5.31%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PRV.UN has been paying a dividend for less than 10 years.
Growing Dividend: PRV.UN has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (123.8%), PRV.UN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PRV.UN's dividends in 3 years are forecast to be covered by earnings (79.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Beckerleg (73 yo)
Mr. James W. Beckerleg, also known as Jim, has serves as President, Chief Executive Officer at Pro Real Estate Investment Trust since March 2013 and serves as Trustee since March 11, 2013. He was the Presi...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.13M) is above average for companies of similar size in the Canadian market ($USD577.72K).
Compensation vs Earnings: Jim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP||7.75yrs||CA$1.19m||0.59% |
|Managing Director of Operations||4.92yrs||no data||no data|
|President of Compass Commercial Realty LP||no data||no data||no data|
Experienced Management: PRV.UN's management team is seasoned and experienced (7.8 years average tenure).
|Independent Trustee||7.75yrs||CA$56.94k||0.095% |
|Independent Chairman of the Board of Trustees||7.75yrs||CA$66.94k||0.071% |
|Independent Trustee||7.75yrs||CA$55.94k||0.10% |
|Independent Trustee||5.5yrs||CA$42.94k||0.044% |
|Independent Trustee||5.5yrs||CA$45.94k||0.0094% |
Experienced Board: PRV.UN's board of directors are considered experienced (7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pro Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: Pro Real Estate Investment Trust
- Ticker: PRV.UN
- Exchange: TSX
- Founded: 2010
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: CA$231.733m
- Market Cap: CA$222.826m
- Shares outstanding: 40.02m
- Website: https://www.proreit.com
- Pro Real Estate Investment Trust
- 2000 Mansfield Street
- Suite 1000
- H3A 2Z7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PRV.UN||TSX (The Toronto Stock Exchange)||Yes||Trust Units||CA||CAD||Nov 2011|
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||2020/12/03 23:24|
|End of Day Share Price||2020/12/03 00:00|
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.