PRO Real Estate Investment AI Stock Analysis
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PRO Real Estate Investment (PRV.UN) AI Stock Analysis
PRO Real Estate Investment
(TSX:PRV.UN)
The score is driven primarily by solid operating and cash flow performance alongside a supportive income/valuation profile (P/E ~12.3 and ~6.31% yield). The biggest constraints are balance-sheet risk (debt-heavy structure and modest cash flow coverage) and near-term leasing/occupancy headwinds highlighted on the earnings call, while technicals are trend-positive but look overextended (RSI ~73, Stoch ~81).
PRO Real Estate Investment (PRV.UN) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 570.94M
- Dividend Yield
- 6.31%
- Average Volume (3M)
- 101.37K
- Price to Earnings (P/E)
- 12.3
- Beta (1Y)
- 0.73
- Revenue Growth
- 8.28%
- EPS Growth
- 3.75%
- Country
- Canada
- Employees
- 83
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Industrial
PRO Real Estate Investment Business Overview & Revenue Model
Company Description
Formed in March 2013, PROREIT operates as an open-ended, unincorporated real estate investment trust. It manages a diverse portfolio of 92 commercial properties located throughout Canada, collectively offering more than 4.5 million square feet of gro...
How the Company Makes Money
PRO Real Estate Investment Trust primarily makes money by earning rental income from tenants leasing space in its owned properties. Key revenue streams typically include (1) base rent and contractual rent escalations under lease agreements, (2) recov...
PRO Real Estate Investment Earnings Call Summary
The call was positive overall. PROREIT reported strong year-over-year growth in revenue, NOI, FFO, same-property NOI, and leasing spreads, along with improved leverage metrics, substantial liquidity, successful refinancing, and continued rental upside. These strengths were partially tempered by occupancy remaining around 95%, slow leasing activity at Woodstock, potential vacancy risk in Winnipeg, higher interest and financing costs, elevated debt-to-EBITDA, and a sparse and slow acquisition environment.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management expects occupancy in Q4 to be “pretty steady, if not kind of flat to where we are today,” with Q1 and Q2 2027 “remaining pretty steady to kind of where we are today”; it sees “5% to 7% rent growth in 2027, maybe a bit higher,” positive NOI and cash flow growth of “7% annualized here over the next 5 years,” and 2027 leasing spreads “in and around that 30% plus/minus range.” Management said leverage could rise to “just below 50%,” while targeting 45% “over the next 3 years,” and is moving debt to EBITDA “from 9x down towards 8x here in the next year”; occupancy of “95% to 96%” is “probably a fair assumption” until larger spaces are leased, mark-to-market is expected to show “above-average rent spreads and mark-to-market to the end of 2029,” acquisitions of $60 million to $80 million are targeted, with activity potentially creeping into “mid-Q1 or hopefully, the latest beginning of Q2,” and dispositions could total $10 million or $15 million.
PRO Real Estate Investment Financial Statement Overview
Summary
Income statement trends are constructive (TTM revenue +3.8% with strong reported margins), and free cash flow is positive and growing (~14%) with good alignment to net income (~1.0x). Offsetting this, leverage remains debt-heavy (debt-to-equity ~1.05) with modest operating cash flow coverage versus total debt (~0.21), and historical earnings volatility (notably the 2024 dip) reduces confidence in stability.
Income Statement
74PositiveBalance Sheet
58NeutralCash Flow
66Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 111.27M | 104.10M | 99.21M | 99.89M | 97.21M | 77.67M |
| Gross Profit | 66.94M | 62.59M | 58.52M | 57.94M | 57.74M | 46.28M |
| EBITDA | 69.53M | 60.73M | 24.95M | 47.93M | 104.25M | 97.87M |
| Net Income | 42.12M | 35.35M | 2.38M | 25.91M | 136.75M | 81.84M |
Balance Sheet | ||||||
| Total Assets | 1.30B | 1.08B | 997.76M | 1.03B | 1.04B | 989.96M |
| Cash, Cash Equivalents and Short-Term Investments | 42.11M | 13.67M | 9.07M | 13.26M | 7.53M | 5.94M |
| Total Debt | 623.77M | 525.01M | 498.57M | 515.26M | 514.33M | 522.78M |
| Total Liabilities | 688.66M | 554.68M | 533.12M | 546.56M | 548.24M | 560.27M |
| Stockholders Equity | 615.14M | 496.89M | 464.65M | 488.03M | 487.69M | 429.69M |
Cash Flow | ||||||
| Free Cash Flow | 43.70M | 31.09M | 29.87M | 30.84M | 27.80M | 29.00M |
| Operating Cash Flow | 44.39M | 31.50M | 31.10M | 31.70M | 28.23M | 29.28M |
| Investing Cash Flow | -185.20M | -21.18M | 9.89M | 4.34M | 11.93M | -281.61M |
| Financing Cash Flow | 165.09M | -5.72M | -45.17M | -30.32M | -38.58M | 252.01M |
PRO Real Estate Investment Technical Analysis
Price Trends
Market Momentum
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 7.13 is above the 20-day moving average (MA) of 6.84, above the 50-day MA of 6.65, and above the 200-day MA of 6.52, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 72.97 is Negative, neither overbought nor oversold. The STOCH value of 80.36 is Negative, 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
Overall Rating
TSE:MPC71Outperform- TSE:PRV.UN68Neutral
TSE:MRT.UN57Neutral
TSE:BTB.UN49Neutral
TSE:D.UN44Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:MPC | 71Outperform | CAD 267.54M | 11.65 | 5.68% | 2.39% | 5.29% | 34.49% |
| TSE:PRV.UN | 68Neutral | CAD 582.60M | 12.31 | 7.48% | 6.31% | 8.28% | 3.75% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| TSE:MRT.UN | 57Neutral | CAD 474.79M | 33.28 | 1.62% | 3.43% | -0.70% | ― |
| TSE:BTB.UN | 49Neutral | CAD 300.75M | 11.39 | 5.44% | 8.62% | -2.15% | -36.29% |
| TSE:D.UN | 44Neutral | CAD 300.69M | -11.01 | -3.11% | 6.36% | -3.06% | 82.12% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:PRV.UN | PRO Real Estate Investment | 7.13 | 1.43 | 25.13% | |
| TSE:BTB.UN | BTB REIT | 3.48 | -0.17 | -4.58% | |
| TSE:MPC | Madison Pacific Cl B | 4.50 | -0.31 | -6.47% | |
| TSE:MRT.UN | Morguard Real Estate | 6.99 | 1.42 | 25.40% | |
| TSE:D.UN | Dream Office Reit (Otc) | 15.73 | -0.90 | -5.40% |
PRO Real Estate Investment Corporate Events
PROREIT Sets November Dates for Q3 2026 Earnings Release and Investor Call
NeutralPROREIT said it will publish its financial results for the third quarter of 2026 on November 11, after the close of trading, and follow up with a management-hosted conference call on November 12 at 9:00 a.m. ET. Financial analysts will be able to par...
PROREIT Declares Monthly Distribution for October 2026
PositivePRO Real Estate Investment Trust announced a cash distribution of $0.0375 per trust unit for October 2026, equivalent to $0.45 on an annualized basis. The payout will be made on November 16, 2026 to unitholders of record as of October 30, signaling c...
PROREIT Declares September 2026 Monthly Distribution
PositivePRO Real Estate Investment Trust has declared a cash distribution of $0.0375 per trust unit for September 2026, equivalent to $0.45 on an annualized basis. The payout will be made on October 15, 2026 to unitholders of record as of September 30, 2026,...
PROREIT Announces August 2026 Cash Distribution
PositivePROREIT has declared a cash distribution of $0.0375 per trust unit for August 2026, equivalent to $0.45 on an annualized basis. The distribution will be paid on Sept. 15, 2026, to unitholders of record as of Aug. 31, 2026, underscoring the trust’s co...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 13, 2026