skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. PRV.UN: Please comment on their most recent quarter and their recent acquisition in Winnipeg. [PRO Real Estate Investment Trust]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q:
Please comment on their most recent quarter and their recent acquisition in Winnipeg.

Thanks

Peter




Asked by Peter on May 15, 2025
5i Research Answer:

Revenue of $25.7M was 3% better than expected; EBITDA of $55M beat estimates by a very wide margin. Revenue rose 0.3%. Same property net operating income was up 5.0%. Occupancy remains very solid at 97.7%. The six industrial properties acquired in Winnipeg was previously announced, and the company now has a strategic relationship with Parkit, with the issuance of $40M in units. It is quite a big acquisition for the company, but looks good overall. Payout ratio is still on the high side at 94.5%. Its small size adds risks, but the quarter looks fine and units are cheap at 10X cash flow. 

Let us help YOU reach your financial goals today!

Start your FREE trial today and enjoy all the benefits of a 5i Membership including:

  • Access to a team of experts ready to answer your investments question 
  • Instant access to over 100,000 archived questions
  • A community of like-minded investors
  • Peace of mind knowing that 5i Research has only YOUR best interests in mind