PROREIT (TSE:PRV.UN)…

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. 

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