PROREIT is a fast-growing Canadian unincorporated, open-ended real estate investment trust, which owns a high-quality portfolio of commercial properties with a strong industrial focus in secondary markets.

They benefit from an efficient operating structure, with internalized asset and property management functions. They are in ten Canadian provinces, with a strong presence in Eastern and Central Canada. Since its founding in 2013, PROREIT has generated a solid track record of growth and value creation.

The company is focused on the execution of a clear strategy, and they are committed to pursuing their expansion and to create long-term value for their unitholders. Furthermore, they have built their portfolio of high-quality assets with the objective to pursue prudent growth opportunities and leverage their scale.

PROREIT’s focus has been on generating consistent income for unitholders while creating long-term value. They have a clear vision to pursue their expansion and to become an industrial-focused mid-cap Canadian REIT in strong secondary markets. They focus on acquiring accretive income-producing commercial properties, while increasing their exposure to the industrial sector, in cities with strong economies.

They pursue expansion and redevelopment opportunities within their portfolio while nurturing existing client relationships, ensuring solid tenant base retention and growth. Additionally, the company is committed to maintaining a strong balance sheet with robust business fundamentals and a prudent approach to capital management.

As PROREIT pursues its growth with a focus on the industrial sector, they are dedicated to accelerating their capabilities on the ESG front, and to incorporate sustainability measures into their decision-making processes and everyday actions. They are committed to adhering to sustainable asset and property management practices and aim to minimize their environmental footprint, to the benefit of all their stakeholders.

The company provides employees with the necessary conditions to enable them to thrive, are mindful of the longstanding relationships they’ve developed with their tenants, and they play an active role in their communities. This is fundamental to their ESG strategy. 

Dream Industrial REIT Stock Details

  • Ticker: tse:prv.un
  • Sector: Real Estate
  • Industry: REIT - Diversified
  • Market Cap: 0.37B
  • Market Cap Group: Small Cap
  • P/E: 2.68
  • Dividend Yield: 7.20%

DIR.UN Industry Competitors

The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.

Ticker Ticker Company Market Cap P/E Yield Aristocrat Graph SectorID IndustryID
HR.UN TSE:HR.UN H&R REIT 3.20 2.39 4.56 NO 1 10 120
CRR.UN TSE:CRR.UN Crombie REIT 1.68 288.19 5.57 NO 1 10 120
AX.UN TSE:AX.UN Artis REIT 1.10 7.29 6.34 NO 1 10 120
TNT.UN TSE:TNT.UN True North Commercial REIT 0.57 9.71 9.61 NO 1 10 120
APR.UN TSE:APR.UN Automotive Properties REIT 0.46 7.04 6.98 NO 1 10 120
PRV.UN TSE:PRV.UN PROREIT 0.37 2.68 7.20 NO 1 10 120
SOT.UN TSE:SOT.UN Slate Office REIT 0.37 4.64 8.67 NO 1 10 120
MRT.UN TSE:MRT.UN Morguard REIT 0.33 0.00 4.63 NO 1 10 120
BTB.UN TSE:BTB.UN BTB REIT 0.31 4.84 8.31 NO 1 10 120
MPCT.UN TSE:MPCT.UN Dream Impact Trust REIT 0.30 10.31 8.99 NO 1 10 120
FCD.UN TSE:FCD.UN Firm Capital Property Trust 0.22 59.92 8.87 NO 1 10 120
MR.UN TSE:MR.UN Melcor REIT 0.07 12.11 8.73 NO 1 10 120

Top Picks by Bay Street Experts

Expert stock analysts have shared their opinions, and sometimes prediction, on the company.

For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.

Not all analysts are equal and they don't cover the same type of stocks. The analysts performance and ownership is tracked for comparison.

PROREIT - FAQ

What is the stock ticker for PROREIT?

The stock ticker for PROREIT is TSE:prv.un.

Is PROREIT a good stock to buy?

You need to consider your investment strategy and how TSE:prv.un can fit in your portfolio.

The current dividend income score of 6/10 and dividend growth score of 4/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.

Is PROREIT a Buy, Sell or Hold?

The Dividend Snapshot Opportunity Score of 50 out of 100.

The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.

A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.


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DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.

DISCLAIMER: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your investment decisions at your own risk – see my full disclaimer for more details.