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PRO Real Estate Investment (TSE:PRV.UN)
TSX:PRV.UN
Earnings Data
Report Date
May 13, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveys balanced results: strong operational execution and leasing momentum drove revenue, NOI and FFO growth and validated the strategic shift to an industrial focus, with meaningful portfolio recycling, accretive acquisitions and embedded rent growth. Offsetting these positives are near-term refinancing needs, elevated leverage metrics, a large single vacancy that lowered occupancy, near-100% AFFO payout coverage and higher interest costs. Management is confident in refinancing prospects and incremental acquisitions, but financial flexibility remains constrained in the near term.Company Guidance
Strategic Transition to Pure-Play Industrial REIT
Completed transition to a pure-play industrial REIT in FY2025, repositioning portfolio to small and mid-bay industrial properties and establishing a strategic partnership with Parkit to pursue future growth.
Portfolio Size and Quality Improvement
Year-end portfolio of 105 properties totaling 6.4 million sq ft GLA; weighted average lease term to maturity increased to 4.3 years from 3.8 years a year ago, and industrial assets comprised 90.5% of base rent versus 80.8% a year ago.
Revenue and NOI Growth
Q4 property revenue was $26.2M, up 5.4% year-over-year despite owning 10 fewer properties; FY property revenue was $104.1M, up 4.9% YoY. NOI increased 9.6% in Q4 and 8.4% for the full year.
Same-Property Performance and Industrial Strength
Q4 same-property NOI (98 properties) rose 8.1% YoY to $14.1M, driven by a 9.1% gain in the industrial segment; full-year same-property NOI rose 8.0% to $53.0M.
Strong Leasing Momentum and Embedded Rent Growth
Secured 80.1% of GLA maturing in 2025 at a positive average spread of 34.2%; excluding one large outlier property, renewals reached 95% of 2025 GLA. Also renewed 68.2% of 2026 GLA at a 33.8% average positive spread; several new/renewed leases showed rent increases of 40%–45%.
FFO Growth and Maintained Distribution
Funds from operations (FFO) for Q4 were $7.8M, up 14.3% YoY. The quarterly distribution was maintained at $0.0375 per unit.
Portfolio Transactions and Capital-Raising
Sold 17 noncore properties for gross proceeds of $71.2M; acquired 7 Winnipeg industrial properties for $101.9M and raised $42.1M of equity as part of that strategic transaction.
Stabilizing Leverage Ratios
Adjusted debt to annualized adjusted EBITDA improved to 9.0x from 9.2x a year earlier; adjusted debt to gross book value decreased to 48.8% from 50.3%.
TSE:PRV.UN Earnings History
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 |
|---|---|---|---|
Mar 04, 2026 | C$6.47 | C$6.31 | -2.47% |
Nov 11, 2025 | C$5.94 | C$6.02 | +1.23% |
Aug 13, 2025 | C$5.60 | C$5.63 | +0.52% |
May 14, 2025 | C$4.84 | C$4.98 | +2.91% |
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 May 13, 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 May 13, 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?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PRV.UN EPS forecast?
Currently, no data Available