PRO Real Estate Investment (TSE:PRV.UN) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
PRO Real Estate Investment Trust (PROREIT) reported an encouraging first-quarter performance for fiscal 2024, with a 7.8% year-over-year increase in Same Property Net Operating Income and robust growth in their industrial sector. The company also strategically sold three non-core properties, amassing $26.1 million, and is set to sell two more in Q2, which will increase their industrial portfolio. Additionally, PROREIT has effectively lowered its total debt by $25.1 million and maintained a high occupancy rate of 97.7%.
For further insights into TSE:PRV.UN stock, check out TipRanks’ Stock Analysis page.