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

• Market Cap: C$442.10M
• Dividend Yield: 6.89%
• Average Volume (3M): 33.06K
• Price to Earnings (P/E): 11.9
• Beta (1Y): 0.89
• Revenue Growth: 2.81%
• EPS Growth: 9677.19%
• Country: CA
• Employees: 83
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.19
• Shares Outstanding: 63,213,750
• 10 Day Avg. Volume: 28,047
• 30 Day Avg. Volume: 33,060
• PEG Ratio: -1.44
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 3.15
• P/FCF Ratio: 10.45
• 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$6.75
• Price Target Upside: 2.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: C$7.00 ▲(6.22% Upside)

PRO Real Estate Investment's strong earnings call performance and attractive valuation are the most significant factors driving the score. The company's transition to a pure-play industrial REIT and robust financial metrics provide a positive outlook. Technical analysis supports a bullish trend, while financial performance is solid but requires attention to cash flow growth and equity returns. The absence of notable corporate events does not impact the score.

Positive Factors

Transition to Industrial REIT

The shift to a pure-play industrial REIT positions the company to capitalize on the growing demand for industrial spaces, enhancing long-term revenue stability and market positioning.

Strong Financial Performance

The significant increase in property revenue and NOI indicates robust operational efficiency and effective asset management, supporting sustainable growth.

Debt Reduction

Reducing debt enhances financial flexibility and lowers risk, allowing the company to invest in growth opportunities and manage economic downturns more effectively.

Negative Factors

Vacancy in Montreal

The vacancy in a large property impacts occupancy rates and revenue, highlighting potential challenges in tenant retention and property management.

Interest and Financing Costs

Rising interest costs can erode profitability and cash flow, potentially limiting the company's ability to finance future growth and manage debt efficiently.

Challenges in Acquisition Market

Limited acquisition opportunities may hinder the company's ability to expand its portfolio and capitalize on growth opportunities, affecting long-term strategic goals.

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 generates revenue primarily through rental income derived from its portfolio of properties. The company leases space to tenants in its residential and commercial properties, receiving monthly rental payments that contribute significantly to its revenue stream. Additionally, PRV.UN may engage in property sales or repositioning strategies that can yield capital gains. The company may also benefit from strategic partnerships with real estate developers and property management firms, enhancing its operational efficiency and expanding its portfolio through acquisitions. Factors such as market demand for rental properties, occupancy rates, and effective management of operating expenses play crucial roles in determining the overall revenue performance of the company.

PRO Real Estate Investment Financial Statement Overview

Summary

PRO Real Estate Investment demonstrates strong financial health with significant revenue growth of 44% and robust profit margins. The balance sheet is stable with a moderate debt-to-equity ratio of 1.05, though return on equity could be improved. Cash flow generation is strong, supporting the company's operational and financial stability.

Income Statement

The income statement shows strong performance with a significant revenue growth rate of 44% in the TTM period. Gross profit margin remains stable around 59%, and net profit margin improved to 27% from a low of 2.4% in the previous year. EBIT and EBITDA margins are robust at 48.96% and 55.05%, respectively, indicating efficient operational management.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 1.05, indicating a balanced approach to leveraging. Return on equity is relatively low at 5.71%, suggesting room for improvement in generating returns on shareholder investments. The equity ratio stands at 44.45%, showing a solid equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a strong free cash flow growth rate of 26.39% in the TTM period, highlighting improved cash generation capabilities. The operating cash flow to net income ratio is 0.19, and the free cash flow to net income ratio is 0.97, indicating efficient conversion of income into cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	102.75M	99.21M	99.89M	97.21M	77.67M	69.81M
Gross Profit	62.02M	58.52M	57.94M	57.74M	46.28M	40.53M
EBITDA	58.40M	24.95M	47.93M	51.99M	36.55M	40.45M
Net Income	35.06M	2.38M	25.91M	136.75M	81.84M	1.86M
Balance Sheet
Total Assets	1.08B	997.76M	1.03B	1.04B	989.96M	634.48M
Cash, Cash Equivalents and Short-Term Investments	17.82M	9.07M	13.26M	7.53M	5.94M	6.26M
Total Debt	531.14M	498.57M	515.26M	514.33M	522.78M	364.73M
Total Liabilities	584.01M	533.12M	546.56M	548.24M	560.27M	391.28M
Stockholders Equity	499.72M	464.65M	488.03M	487.69M	429.69M	243.20M
Cash Flow
Free Cash Flow	32.36M	29.87M	30.84M	27.80M	29.00M	23.08M
Operating Cash Flow	32.44M	31.10M	31.70M	28.23M	29.28M	23.41M
Investing Cash Flow	-23.33M	9.89M	4.34M	11.93M	-281.61M	-5.64M
Financing Cash Flow	-1.96M	-45.17M	-30.32M	-38.58M	252.01M	-16.81M

PRO Real Estate Investment Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.59
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• 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 6.59 is above the 20-day moving average (MA) of 6.45, above the 50-day MA of 6.23, and above the 200-day MA of 5.59, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 70.72 is Negative, neither overbought nor oversold. The STOCH value of 56.10 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
PRV.UN	78 Outperform	C$442.10M	11.85	7.24%	6.89%	2.81%	9677.19%
BTB.UN	78 Outperform	C$364.55M	8.76	8.60%	7.37%	0.92%	92.93%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
MPC	58 Neutral	C$300.79M	19.90	3.93%	8.35%	5.67%	―
ERE.UN	55 Neutral	C$269.58M	-1.67	-40.17%	269.20%	-33.76%	-125.67%
MRT.UN	55 Neutral	C$418.53M	-9.20	-4.91%	3.85%	-5.37%	13.86%
D.UN	53 Neutral	C$363.39M	-2.35	-14.98%	5.65%	-1.06%	-20.07%

PRO Real Estate Investment Corporate Events

PROREIT Declares December 2025 Cash Distribution to Unitholders

PROREIT has declared a cash distribution of $0.0375 per trust unit for December 2025, equivalent to $0.45 on an annualized basis, payable on January 15, 2026 to unitholders of record as of December 31, 2025. The announcement underscores the trust’s ongoing commitment to providing regular income to investors and reflects its strategy of delivering stable cash flows from its portfolio of Canadian light industrial real estate assets.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$7.00 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 Winnipeg Footprint With $5.4 Million Industrial Acquisition

PROREIT has acquired a 24,665-square-foot single-tenant light industrial property in Winnipeg’s St. Boniface Industrial Park from Parkit Enterprise Inc. for $5.4 million, at approximately $217 per square foot and a mid‑six percent capitalization rate, reinforcing its position among the top three industrial landlords in the Winnipeg market. The transaction, financed through a $3.5 million expansion of an existing secured credit facility and the issuance of about $2.1 million in trust units to the vendor, expands PROREIT’s Winnipeg small- and mid-bay portfolio to 23 properties totaling roughly 1.3 million square feet, underscores the strategic value of its relationship with Parkit, and is expected to support accretive growth and long-term value for unitholders.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$7.00 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 November 2025 Cash Distribution

PRO Real Estate Investment Trust announced a cash distribution of $0.0375 per trust unit for November 2025, payable on December 15, 2025, to unitholders of record as of November 28, 2025. This announcement reflects PROREIT’s ongoing commitment to delivering stable cash flows and value to its stakeholders, reinforcing its position in the Canadian real estate market.

The most recent analyst rating on ($TSE:PRV.UN) stock is a Buy with a C$7.00 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 Strong Q3 2025 Results Amid Strategic Shift to Industrial Focus

PROREIT reported a significant increase in net operating income by 19.6% year-over-year for the third quarter of 2025, highlighting the successful transition to a pure-play industrial REIT. The company completed the sale of non-core retail and office properties, reinforcing its strategic focus on industrial assets. The occupancy rate, excluding a single large vacancy, stood at 98.1%, demonstrating robust portfolio performance. PROREIT is now a leading industrial landlord in Winnipeg, with a 99.9% occupancy rate and is well-positioned to capitalize on economic growth in Atlantic Canada, which constitutes a significant portion of its base rent.

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 Q3 2025 Results Release and Conference Call

PRO Real Estate Investment Trust (PROREIT) announced it will release its third quarter 2025 financial results on November 11, 2025, followed by a conference call on November 12, 2025. The call will provide an opportunity for financial analysts to engage with the management team, while media and other interested parties can listen via a live audio webcast. This announcement underscores PROREIT’s commitment to transparency and engagement with its stakeholders, potentially impacting its market perception and investor relations.

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 Q3 2025 Financial Results Release and Conference Call

PRO Real Estate Investment Trust (PROREIT) has announced the release date for its third quarter 2025 financial results, which will be available on November 11, 2025, after market close. A conference call to discuss these results will be held on November 12, 2025, at 9:00 AM ET, featuring a question period for financial analysts and a live audio webcast for media and other interested parties. This announcement reflects PROREIT’s ongoing commitment to transparency and stakeholder engagement, as it continues to focus on delivering stable cash flows and long-term value.

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 October 2025 Cash Distribution

PRO Real Estate Investment Trust announced a cash distribution of $0.0375 per trust unit for October 2025, payable on November 17, 2025, to unitholders of record as of October 31, 2025. This announcement reflects PROREIT’s ongoing commitment to providing stable returns to its investors, reinforcing its position in the Canadian real estate market as a reliable source of income and growth.

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.