PRO Real Estate Investment (PRV.UN) AI Stock Analysis

• Market Cap: C$393.07M
• Dividend Yield: 7.67%
• Average Volume (3M): 50.68K
• Price to Earnings (P/E): 14.0
• Beta (1Y): 1.00
• Revenue Growth: -1.07%
• EPS Growth: 684.07%
• Country: CA
• Employees: 83
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Diversified
• EPS (TTM): 0.09
• Shares Outstanding: 63,089,290
• 10 Day Avg. Volume: 59,401
• 30 Day Avg. Volume: 50,682
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$6.17
• Price Target Upside: 5.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 76 Outperform
• Price Target: C$6.50 ▲(10.73% Upside)

PRO Real Estate Investment's strong financial performance and strategic corporate events are the primary drivers of its solid stock score. The company's valuation is attractive due to a high dividend yield and reasonable P/E ratio. Technical indicators support a positive trend, although momentum is neutral. The strategic focus on industrial growth and capital recycling enhances future prospects.

Positive Factors

Financial Performance

PRO REIT's Q1/25 results highlighted solid operating performance with same-property NOI growth of 5%.

Growth Opportunities

The recent announcement of the acquisition of a portfolio of six properties in Winnipeg will help support PRV's expanding industrial asset base, and establishes a longer-term partnership with Parkit, which could drive incremental growth opportunities moving forward.

Leasing Performance

A significant lease renewal was made with Thales Canada at a rental rate 30% greater than the previous rent, indicating strong leasing performance.

Negative Factors

Cost of Capital

Cost of capital constraints (given the growth strategy), and some caution on industrial (more broadly) given trade/tariff uncertainty drive a neutral view.

Interest Rate Risk

Material debt maturities in 2026 present some interest-rate risk.

PRO Real Estate Investment Business Overview & Revenue Model

Company Description

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 in March 2013, PROREIT is mainly focused on strong primary and secondary markets in Québec, Atlantic Canada and Ontario, with selective exposure in Western Canada.

How the Company Makes Money

PRO Real Estate Investment makes money primarily through three key revenue streams: rental income, property appreciation, and development profits. Rental income is generated from leasing commercial and residential properties to tenants, providing a steady and predictable cash flow. The company also benefits from property appreciation over time, where the value of its real estate assets increases, contributing to the overall financial health of the REIT. Additionally, PRO Real Estate Investment engages in property development and redevelopment projects, which can yield significant profits upon completion and sale or lease. Strategic partnerships with local developers and financial institutions further enhance its ability to source and manage lucrative real estate opportunities, optimizing returns for its investors.

PRO Real Estate Investment Financial Statement Overview

Summary

The company's financial performance is strong, with high margins and effective cash management. A stable financial position is maintained with a balanced capital structure and positive growth prospects.

Income Statement

PRO Real Estate Investment has demonstrated strong financial performance with a high gross profit margin of 59.0% in TTM, indicating efficient cost management. The net profit margin improved significantly to 27.1% in TTM, indicating enhanced profitability. Revenue growth has been stable, with a minor increase from previous periods. EBIT and EBITDA margins are strong at 51.8% and 55.0% respectively, showcasing robust operational efficiency.

Balance Sheet

The company maintains a stable financial position with a debt-to-equity ratio of 1.05, indicating a balanced capital structure. Return on equity stands at 5.7% for TTM, reflecting moderate profitability for shareholders. The equity ratio of 47.1% suggests a healthy proportion of equity financing, providing financial stability and reducing risk.

Cash Flow

Cash flow analysis shows a strong free cash flow to net income ratio of 1.04 in TTM, indicating good cash generation relative to profits. The operating cash flow to net income ratio is robust at 1.07, highlighting effective cash management. Free cash flow growth rate is negative compared to the last annual period, but overall cash flow remains strong, supporting ongoing operations and investments.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	99.21M	99.89M	97.21M	77.67M	69.81M
Gross Profit	58.52M	57.94M	57.74M	46.28M	40.53M
EBITDA	24.95M	47.93M	51.99M	36.55M	40.45M
Net Income	2.38M	25.91M	136.75M	81.84M	1.86M
Balance Sheet
Total Assets	997.76M	1.03B	1.04B	989.96M	634.48M
Cash, Cash Equivalents and Short-Term Investments	9.07M	13.26M	7.53M	5.94M	6.26M
Total Debt	498.57M	515.26M	514.33M	522.78M	364.73M
Total Liabilities	533.12M	546.56M	548.24M	560.27M	391.28M
Stockholders Equity	464.65M	488.03M	487.69M	429.69M	243.20M
Cash Flow
Free Cash Flow	29.87M	30.84M	27.80M	29.00M	23.08M
Operating Cash Flow	31.10M	31.70M	28.23M	29.28M	23.41M
Investing Cash Flow	9.89M	4.34M	11.93M	-281.61M	-5.64M
Financing Cash Flow	-45.17M	-30.32M	-38.58M	252.01M	-16.81M

PRO Real Estate Investment Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.87
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PRV.UN, the sentiment is Positive. The current price of 5.87 is above the 20-day moving average (MA) of 5.78, above the 50-day MA of 5.66, and above the 200-day MA of 5.21, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 60.55 is Neutral, neither overbought nor oversold. The STOCH value of 51.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PRV.UN.

PRO Real Estate Investment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FCD.UN	79 Outperform	C$223.40M	9.33	7.90%	8.85%	3.24%	3.36%
NET.UN	78 Outperform	C$114.32M	7.12	11.99%	6.20%	-0.90%	9.33%
PRV.UN	76 Outperform	C$393.07M	13.98	5.27%	7.67%	-1.07%	684.07%
BTB.UN	74 Outperform	C$318.65M	8.40	7.80%	8.45%	1.59%	19.74%
Sector *	64 Neutral	C$1.97B	4.85	-0.88%	5.21%	1.67%	-56.01%
MR.UN	56 Neutral	$71.17M	―	-16.65%	0.73%	-2.12%	-287.56%
MRT.UN	48 Neutral	C$375.61M	―	-3.72%	4.30%	-2.90%	68.88%

PRO Real Estate Investment Corporate Events

PROREIT Reports Q2 2025 Results with Strategic Focus on Industrial Growth

PROREIT reported a 4.5% increase in net operating income and an 8.2% rise in Same Property NOI for Q2 2025, driven by rent growth and strong lease-up performance. The company is executing a capital recycling strategy, reinvesting in industrial properties to support cash flow and asset value growth, and has entered into a binding agreement to sell six retail properties. This aligns with their goal to become a pure-play Canadian light industrial REIT, with 63.1% of 2025 GLA renewed at a 35.7% average spread, reflecting strong leasing momentum.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on PRO Real Estate Investment stock, see the TSE:PRV.UN Stock Forecast page.

PROREIT Schedules Q2 2025 Financial Results Release and Conference Call

PROREIT announced that it will release its second quarter financial results for 2025 on August 13, after market close, with a conference call scheduled for August 14 to discuss the results. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational performance, potentially impacting investor confidence and market positioning.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on PRO Real Estate Investment stock, see the TSE:PRV.UN Stock Forecast page.

PROREIT Announces July Distribution and Releases 2024 Sustainability Report

PRO Real Estate Investment Trust announced a cash distribution of $0.0375 per trust unit for July 2025, payable on August 15, 2025. Additionally, the company published its 2024 Sustainability Report, detailing its ESG priorities and progress, including the initial reporting of greenhouse gas emissions and the launch of a tenant satisfaction survey. This report aligns with recognized standards such as SASB and TCFD, highlighting PROREIT’s commitment to sustainability and governance.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$6.25 price target. To see the full list of analyst forecasts on PRO Real Estate Investment stock, see the TSE:PRV.UN Stock Forecast page.

PROREIT Expands Industrial Portfolio with $96.5 Million Winnipeg Acquisition

PRO Real Estate Investment Trust has completed the acquisition of six industrial properties in Winnipeg for $96.5 million, enhancing its portfolio with 678,177 square feet of high-quality industrial space. This strategic acquisition, financed through a mix of cash and equity, strengthens PROREIT’s market position and includes an investor rights agreement with Parkit Enterprise Inc., which now holds a 9.6% stake in PROREIT and has the right to nominate a trustee to its board.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$6.25 price target. To see the full list of analyst forecasts on PRO Real Estate Investment stock, see the TSE:PRV.UN Stock Forecast page.

PROREIT Announces June 2025 Cash Distribution

PRO Real Estate Investment Trust announced a cash distribution of $0.0375 per trust unit for June 2025, payable on July 15, 2025, to unitholders of record as of June 30, 2025. This announcement reflects PROREIT’s ongoing commitment to providing returns to its investors, reinforcing its position in the Canadian real estate market, particularly in secondary industrial markets.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$6.25 price target. To see the full list of analyst forecasts on PRO Real Estate Investment stock, see the TSE:PRV.UN Stock Forecast page.

PROREIT Announces Trustee Elections and Expiry of Rights Plan

PRO Real Estate Investment Trust announced the results of its annual unitholders meeting, where all nine trustee nominees were elected by a substantial majority. The external auditor was also reappointed. Additionally, the REIT’s unitholder rights agreement expired following the meeting, as it was not submitted for reconfirmation. This expiration may impact the company’s governance structure and future strategic decisions.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$6.25 price target. To see the full list of analyst forecasts on PRO Real Estate Investment stock, see the TSE:PRV.UN Stock Forecast page.

PROREIT Declares May 2025 Cash Distribution

PRO Real Estate Investment Trust announced a cash distribution of $0.0375 per trust unit for May 2025, payable on June 16, 2025, to unitholders of record as of May 30, 2025. This announcement reflects the company’s ongoing commitment to providing consistent returns to its investors and highlights its stable financial performance in the Canadian commercial real estate market.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$6.25 price target. To see the full list of analyst forecasts on PRO Real Estate Investment stock, see the TSE:PRV.UN Stock Forecast page.

PROREIT Reports Q1 2025 Results and Strategic Expansion in Industrial Sector

PROREIT reported a 0.3% increase in net operating income for Q1 2025, despite owning fewer properties, and a 5.0% rise in same property NOI. The company renewed significant portions of its gross leasable area at favorable spreads, maintaining a high occupancy rate of 97.7%. PROREIT announced the acquisition of six industrial properties in Winnipeg, enhancing its industrial platform and forming a strategic relationship with Parkit Enterprise Inc. The company also sold non-core properties to reallocate capital to more promising opportunities, while maintaining a disciplined approach to debt management. With a strong presence in the Atlantic region, PROREIT is well-positioned for sustainable growth by targeting small- and mid-bay properties in secondary markets.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$6.25 price target. To see the full list of analyst forecasts on PRO Real Estate Investment stock, see the TSE:PRV.UN Stock Forecast page.