95.3% of June 2020 rent received to date Monthly cash distribution of $0.0375 per unit declared MONTREAL, June 18, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) today announced its June 2020 distribution and provided an update on its June rent collections. “We are pleased with our performance throughout… [Read More]
PROREIT Announces Date for Release of First Quarter 2020 Results and Conference Call
MONTREAL, May 6, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) will release its 2020 first quarter financial results on Wednesday, May 13, 2020, after markets close. Mr. James W. Beckerleg, President and Chief Executive Officer, and Mr. Gordon G. Lawlor, Executive Vice President, Chief Financial Officer and Secretary,… [Read More]
PROREIT Closes $8.36 Million Acquisition of Light Industrial Property in Moncton, New Brunswick
MONTRÃAL, March 16, 2020 /CNW/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) is pleased to announce the closing of its acquisition of a 100% interest in a 135,494 square-foot light industrial property in Moncton, New Brunswick. The temperature-controlled building was acquired for $8.36 million before closing costs, representing a going-in capitalization… [Read More]
PROREIT announces date for release of 2019 fiscal year and 2019 fourth quarter results and conference call
MONTREAL, Feb. 26, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) will release its 2019 fiscal year and fourth quarter financial results on Wednesday, March 25, 2020, after markets close. Mr. James W. Beckerleg, President and Chief Executive Officer, and Mr. Gordon G. Lawlor, Executive Vice President and CFO, will host… [Read More]
PROREIT Announces Agreements to Acquire a Group of 5 Industrial, 1 Office and 1 Mixed-use Industrial Properties for an Aggregate Purchase Price of $97.8 Million Concurrent with a $50 Million Bought Deal Public Offering of Trust Units
/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITEDSTATES NEWS OR WIRE SERVICES./ 7 institutional quality assets comprising total GLA of 696,000 square feet Represents PROREIT’s continued growth as a high quality diversified REIT increasing the portfolio to 4.4 million square feet of GLA and $625 million of Gross Book Value1 pro forma… [Read More]
PROREIT Announces Fourth Quarter and Full Year 2018 Results
/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ Total assets reached $509.7 million, a 39% year-over-year increase Net comprehensive income grew 86.7% on a year-over-year basis Net operating income1 grew 42.6% on a year-over-year basis AFFO1 increased 38.9% year-over-year Occupancy rate rose 250 basis points to 98.2% Internalization… [Read More]
PROREIT Announces Closing of $15.4 Million of Light Industrial Property Acquisitions and Provides Year-End Update
MONTREAL, Dec. 20, 2018 /CNW/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSXV: PRV.UN) is pleased to report that it has closed the previously announced acquisition of two light industrial properties in Southwestern Ontario for a total of $15.38 million. The two industrial properties are strategically located just west of Cambridge, and… [Read More]
PROREIT Announces Two Industrial Property Acquisitions in Southwestern Ontario for $15.38 Million
/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES/ MONTREÌAL, Dec. 5, 2018 /CNW/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSXV: PRV.UN) is pleased to announce the proposed acquisition of two quality light industrial properties (the “acquisitions”) for an aggregate purchase price of $15.4 million,… [Read More]
PROREIT Reports Third Quarter 2018 Financial and Operating Results Highlighted by Growth in Performance Ratios and a Strong Balance Sheet
$62 million in Acquisitions Closed Subsequent to End of Quarter /NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTRÃAL, Nov. 14, 2018 /CNW/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSXV: PRV.UN) is pleased to report financial and operating results for the three-month and… [Read More]
PROREIT completes $40.3 million equity offering including full exercise of over-allotment option
/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTRÃAL, Sept. 28, 2018 /CNW/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSXV: PRV.UN) is pleased to announce the closing of its previously announced offering (the “Offering“) of trust units of the REIT (the “Units“) on… [Read More]
PROREIT announces transformative transactions including $61.7 million of proposed property acquisitions, public offering of $35.0 million of trust units and intention to internalize management and graduate to the TSX
/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTRÃAL, Sept. 11, 2018 /CNW/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSXV: PRV.UN) is pleased to announce transformative transactions including the proposed acquisition of six commercial properties for an aggregate purchase price of $61.7 million,… [Read More]
PROREIT reports solid financial and operating performance for second quarter 2018
The stage is set for future growth /NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTREAL, Aug. 15, 2018 /CNW/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSXV: PRV.UN) is pleased to report financial and operating results for the three-months (or “second quarter”) and… [Read More]
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