Property revenue of $17.2 million, 26.9% increase from Q2 2019 Net operating income1 of $9.8 million, 15.7% increase from Q2 2019 Net loss and comprehensive loss of $2.8 million AFFO1 of $5.2 million, 7.6% increase from Q2 2019 Successful renewal of 76% of leases maturing in 2020 to date Occupancy rate firm at 98.1% Secured… [Read More]

MONTREAL, July 30, 2020 /CNW/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) will release its 2020 second quarter financial results on Wednesday, August 12, 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, will host… [Read More]

98.5% of July 2020 rent received to date Monthly cash distribution of $0.0375 per unit declared MONTREAL, July 21, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) today announced its July 2020 distribution and provided an update on its July rent collections. “We are truly pleased with our July… [Read More]

MONTRÉAL, June 11, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSX: PRV.UN) is pleased to announce the voting results from its annual meeting of unitholders held today in a virtual format. A total of approximately 11.51% of the issued and outstanding voting units of the REIT were represented at the… [Read More]

90.4% of May 2020 rent received to date Monthly cash distribution of $0.0375 per unit declared MONTREAL, May 21, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) today announced its May 2020 distribution and provided an update on its May rent collections. “Our collection capacity continues to be strong… [Read More]

31.1% year-over-year increase in property revenue from Q1 2019 22.4% year-over-year increase in net operating income1 from Q1 2019 $18.4 million increase in net income and comprehensive income from Q1 2019 Same property NOI1 comparable to Q1 2019 24.0% year-over-year increase in AFFO1 from Q1 2019 74% of leases maturing in 2020 renewed with 2%… [Read More]

92.3% of April 2020 rent received to date Monthly distributions revised to $0.0375 to enhance liquidity and reduce debt Temporary suspension of DRIP Solid cash on hand position and revolving credit facility available for liquidity MONTREAL, April 22, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) today reported… [Read More]

Total assets reached $634.7 million, a 24.5% year-over-year increase 40.9% year-over-year increase in property revenue from 2018 Net operating income1 grew 36.2% on a year-over-year basis Net income and comprehensive income down by $3.8 million from 2018 42.4% year-over-year increase in AFFO1 from 2018 Secured $30 million in additional operational liquidity in Q4-2019 52% of leases… [Read More]

/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTRÉAL, March 19, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSX: PRV.UN) announced today that a cash distribution of $0.0525 per trust unit of the REIT (“Units“) for the month of March 2020… [Read More]

/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTRÉAL, Feb. 19, 2020 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSX: PRV.UN) announced today that a cash distribution of $0.0525 per trust unit of the REIT (“Units“) for the month of February 2020 will… [Read More]

MONTREAL, Dec. 18, 2019 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) is pleased to announce that it has closed the acquisition of a 100% interest in a light industrial property in the Burnside Industrial Park, in Halifax, Nova Scotia. Built in 2014, the building was acquired for $8.45 million… [Read More]

/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTRÉAL, Dec. 17, 2019 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSX: PRV.UN) announced today that a cash distribution of $0.0525 per trust unit of the REIT (“Units“) for the month of December 2019 will… [Read More]