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PRO Real Estate Investment (TSE:PRV.UN)
TSX:PRV.UN
Canadian Market
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PRO Real Estate Investment (PRV.UN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 25, 2026
TBA (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
Last Year’s EPS
0.03
Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 11, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The call highlighted significant achievements such as the transition to a pure-play industrial REIT and strong financial performance, with robust leasing spreads and improved occupancy in key markets. However, challenges such as a vacancy in Montreal and increased interest costs were noted, along with limited acquisition opportunities.
Company Guidance
During PROREIT's third quarter results conference call for fiscal 2025, the company highlighted substantial progress towards becoming a pure-play industrial REIT, with industrial assets comprising 91.7% of total GLA and 89.4% of base rent. The sale of 12 noncore retail properties generated $51.3 million in proceeds, which were used to repay debt and for general corporate purposes. Financial performance showed significant growth, with revenues and NOI rising despite a reduction in property count. The acquisition of six industrial properties in Winnipeg contributed to the company's scale in the market, with 1.3 million square feet of GLA and 99.9% occupancy. Leasing activity remained robust, with a 34.9% average spread on renewed GLA for 2025 and 33.4% for 2026. Portfolio occupancy was 95.8%, with a noted vacancy in Montreal that could potentially be re-leased or sold. Financial metrics showed improvement, with property revenue at $27.1 million, up 12.8% year-over-year, and NOI at $17.1 million, a 19.6% increase. FFO increased by 22.2%, and the AFFO payout ratio improved to 91.1% from 97.7% in the previous year. Total debt was reduced to $531 million, with an adjusted debt-to-gross book value of 49.1%. The company maintained its distribution and is optimistic about future growth opportunities, aiming to leverage its strong industrial platform and disciplined balance sheet management.
Transition to Pure-Play Industrial REIT
The completion of the sale of 12 noncore retail properties marked PROREIT's transition to a pure-play industrial REIT, with industrial assets now representing 91.7% of total GLA and 89.4% of base rent.
Strong Financial Performance
Property revenue increased by 12.8% year-over-year to $27.1 million, and net operating income (NOI) rose by 19.6% to $17.1 million, despite owning 10 fewer properties.
High Occupancy Rates
PROREIT achieved 99.9% occupancy in Winnipeg, making it one of the top three industrial landlords in the city.
Leasing Momentum
Leasing spreads were robust, with a 34.9% average spread for 2025 GLA and 33.4% for 2026 GLA, indicating strong embedded value in the portfolio.
Debt Reduction
Total debt decreased by $30.1 million from the previous year, and adjusted debt to gross book value fell to 49.1% from 50.2%.

PRO Real Estate Investment (TSE:PRV.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:PRV.UN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 25, 2026
2025 (Q4)
- / -
0.031
Nov 11, 2025
2025 (Q3)
- / 0.19
0.055249.09% (+0.14)
Aug 13, 2025
2025 (Q2)
- / 0.09
0.109-21.10% (-0.02)
May 14, 2025
2025 (Q1)
- / 0.25
-0.156258.97% (+0.40)
Mar 12, 2025
2024 (Q4)
- / 0.03
-0.0021650.00% (+0.03)
Nov 13, 2024
2024 (Q3)
- / 0.06
0.186-70.43% (-0.13)
Aug 07, 2024
2024 (Q2)
- / 0.11
0.029275.86% (+0.08)
May 08, 2024
2024 (Q1)
- / -0.16
0.216-172.22% (-0.37)
Mar 20, 2024
2023 (Q4)
- / >-0.01
0.107-101.87% (-0.11)
Nov 08, 2023
2023 (Q3)
- / 0.19
0.323-42.41% (-0.14)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:PRV.UN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 11, 2025
C$6.05C$6.12+1.16%
Aug 13, 2025
C$5.70C$5.72+0.35%
May 14, 2025
C$4.92C$5.07+3.05%
Mar 12, 2025
C$4.73C$4.74+0.21%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does PRO Real Estate Investment (TSE:PRV.UN) report earnings?
PRO Real Estate Investment (TSE:PRV.UN) is schdueled to report earning on Mar 25, 2026, TBA (Confirmed).
    What is PRO Real Estate Investment (TSE:PRV.UN) earnings time?
    PRO Real Estate Investment (TSE:PRV.UN) earnings time is at Mar 25, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
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          What is TSE:PRV.UN EPS forecast?
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