Developer docs
API playgroundTry for free, no card

Search company profiles

PROREIT

Full company profile

uuid0004q5s

Namestring
PROREIT
Legal namestring
PRO Real Estate Investment Trust
Websiteurl
proreit.com
Company typeenum
Public
Founded yearint
2013
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersMontréal, Canada
HQ citystring
Montréal
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
industrial real estate, commercial property leasing, real estate investment trust, property management services, warehouse and distribution properties
Industry2 codes
1REITs & Listed Real Estate Securities
CodeFSAAAKADPrimaryYes
2Commercial Real Estate Asset Management
CodeBPAJAMABPrimaryNo
NAICS code2 codes
  • Lessors of Real Estate5311
  • Lessors of Other Real Estate Property53119
SIC code3 codes
  • Real Estate Investment Trusts6798
  • Real Estate Dealers (For Their Own Account)6532
  • Lessors Of Real Property, Nec6519
Product category
Industrial REIT / Commercial Real Estate
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Rental Income
TypeSubscription Recurring
Description

PROREIT generates revenue primarily through rental income from its portfolio of industrial, retail, and office properties. The REIT collects monthly distributions from tenants and distributes a portion to unitholders. Base rent by asset class: Industrial 90.7%, Retail 6.2%, Office 3.1%.

proreit.com
2Distribution to Unitholders
TypeSubscription Recurring
Description

Monthly dividend distributions to unitholders at CAD 0.0375 per unit (CAD 0.45 annualized), translating to approximately 6.5% forward yield.

ainvest.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Pricing details1 tier
1Monthly distribution of CAD 0.0375 per unit
ModelSubscriptionBilling cadenceMonthly
Notes

CAD 0.0375 per unit monthly distribution ($0.45 annualized), representing 6.5% forward yield

GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

PROREIT owns and manages a portfolio of 105 high-quality commercial properties totaling 6.4 million square feet across nine Canadian provinces, with industrial properties representing 90.7% of base rent. The REIT generates rental income by leasing space to commercial tenants and distributes a portion of cash flow to unitholders on a monthly basis. Property management, brokerage, leasing, and project management services are delivered through its wholly-owned subsidiary Compass Commercial Realty LP, acquired in 2018.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 8.1% year-over-year NOI increase in Q1 2026
+4 more records
Product overview1 text field

PROREIT is a single-entity Canadian industrial real estate investment trust (REIT) listed on the TSX under PRV.UN. The company's core offering is the ownership and management of a portfolio of industrial, retail, and office properties across Canada. PROREIT's primary product is its property portfolio, supplemented by Compass Commercial Realty LP, a wholly-owned property management subsidiary acquired in 2018 that provides commercial property management, brokerage, leasing, and project management services. The REIT operates with internalized asset and property management functions and is present in nine Canadian provinces with concentration in Eastern and Central Canada.

Product and service3 records
1PROREIT Industrial Property Portfolio
CategoryIndustrial real estate portfolio
2Compass Commercial Realty LP Property Management Services
CategoryProperty management services
3Distribution Reinvestment Plan (DRIP)
CategoryUnitholder services
Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
1Parkit Enterprise Inc.
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-01-01
Description

Strategic relationship with Parkit Enterprise Inc. for industrial property acquisitions. Parkit established a 10% ownership position in PROREIT. PROREIT acquired 7 industrial properties in Winnipeg from Parkit for $101.9 million and a 24,665 square foot industrial property for $5.4 million.

2Crestpoint Real Estate Investments
Strategic tierMajorTypeStrategic or Co-development PartnerAnnounced on2022-01-01
Description

Joint venture agreement for 42 properties in Atlantic Canada, established June 2022 with completion in August 2022.

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers10 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles14 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds11 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

PROREIT

Industrial REIT / Commercial Real Estateproreit.com

PROREIT firmographics

Firmographics
Name
PROREIT
Legal name
PRO Real Estate Investment Trust
Website
https://proreit.com
Company type
Public
Founded year
2013
Operating status
Operating
Headcount range
51–100 employees
Ownership category
akta.pro rank

PROREIT industry classification

Industry
Product category
Industrial REIT / Commercial Real Estate
NAICS
Lessors of Real Estate (5311), Lessors of Other Real Estate Property (53119)
SIC
Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)
akta.pro primary industry
REITs & Listed Real Estate Securities (FSAAAKAD)
akta.pro secondary industry
Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

  • Industrial real estate
  • Commercial property leasing
  • Real estate investment trust
  • Property management services
  • Warehouse and distribution properties

Where PROREIT is headquartered

Location

Headquarters

HQ city
Montréal
HQ country
Canada
HQ region
North America

Offices5 records

Markets served

PROREIT business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

  1. Rental Income: PROREIT generates revenue primarily through rental income from its portfolio of industrial, retail, and office properties. The REIT collects monthly distributions from tenants and distributes a portion to unitholders. Base rent by asset class: Industrial 90.7%, Retail 6.2%, Office 3.1%.
  2. Distribution to Unitholders: Monthly dividend distributions to unitholders at CAD 0.0375 per unit (CAD 0.45 annualized), translating to approximately 6.5% forward yield.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyMonthly distribution of CAD 0.0375 per unit

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

PROREIT product offering

Product offering

Core offering

PROREIT owns and manages a portfolio of 105 high-quality commercial properties totaling 6.4 million square feet across nine Canadian provinces, with industrial properties representing 90.7% of base rent. The REIT generates rental income by leasing space to commercial tenants and distributes a portion of cash flow to unitholders on a monthly basis. Property management, brokerage, leasing, and project management services are delivered through its wholly-owned subsidiary Compass Commercial Realty LP, acquired in 2018.

Product overview

PROREIT is a single-entity Canadian industrial real estate investment trust (REIT) listed on the TSX under PRV.UN. The company's core offering is the ownership and management of a portfolio of industrial, retail, and office properties across Canada. PROREIT's primary product is its property portfolio, supplemented by Compass Commercial Realty LP, a wholly-owned property management subsidiary acquired in 2018 that provides commercial property management, brokerage, leasing, and project management services. The REIT operates with internalized asset and property management functions and is present in nine Canadian provinces with concentration in Eastern and Central Canada.

Differentiator

Problem solved

Functional benefit

Products and services

  • PROREIT Industrial Property Portfolio
  • Compass Commercial Realty LP Property Management Services
  • Distribution Reinvestment Plan (DRIP)

Quantifiable outcome

  • 8.1% year-over-year NOI increase in Q1 2026
  • +4 more outcomes

Companies that use PROREIT

Customer profile

Named customers10 records

Segments3 records

Ideal customer profiles2 records

PROREIT technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

PROREIT partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and major.

  • Parkit Enterprise Inc.coreStrategic or Co-development Partner · 1 January 2025Strategic relationship with Parkit Enterprise Inc. for industrial property acquisitions. Parkit established a 10% ownership position in PROREIT. PROREIT acquired 7 industrial properties in Winnipeg from Parkit for $101.9 million and a 24,665 square foot industrial property for $5.4 million.
  • Crestpoint Real Estate InvestmentsmajorStrategic or Co-development Partner · 1 January 2022Joint venture agreement for 42 properties in Atlantic Canada, established June 2022 with completion in August 2022.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

PROREIT competitors and assessment

Company assessment

Market position

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

PROREIT social profiles

Digital presence

PROREIT financial estimates

Financial estimate

Revenue estimate

Valuation estimate

PROREIT leadership team

Management profile

Number of profiles

Profiles14 records

PROREIT subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

PROREIT funding detail

Funding detail

Funding overview

Funding rounds11 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

PROREIT M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PROREIT

What does PROREIT do?

PROREIT owns and manages a portfolio of 105 high-quality commercial properties totaling 6.4 million square feet across nine Canadian provinces, with industrial properties representing 90.7% of base rent. The REIT generates rental income by leasing space to commercial tenants and distributes a portion of cash flow to unitholders on a monthly basis. Property management, brokerage, leasing, and project management services are delivered through its wholly-owned subsidiary Compass Commercial Realty LP, acquired in 2018.

Is PROREIT a public or private company?

PROREIT is a public company. It is classified as public and is currently operating.

When was PROREIT founded?

PROREIT was founded in 2013. It employs 51 to 100 people.

Where is PROREIT based?

PROREIT is headquartered in Montréal, Canada, in the North America region.

How does PROREIT make money?

Two revenue lines are on record. Rental Income is the primary driver. The others are distribution to Unitholders.

Does PROREIT have an API?

No public API is recorded for PROREIT.

What industry is PROREIT in?

PROREIT's product category is Industrial REIT / Commercial Real Estate. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of BPAJAMAB, Commercial Real Estate Asset Management. Its NAICS code is 5311 and its SIC code is 6798.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
The Globe and MailMarket Factors: A compelling investment idea in REITsRBC Capital Markets analyst Jimmy Shan recommends Killam Apartment REIT and PRO REIT, citing federal defence spending in Atlantic Canada. Killam generates 59% of revenue in Atlantic Canada, with 14,000 rental units under construction in Halifax. The analyst expects sustained impact from the investment.AInvestAmpfirst Real Estate Investment Trust - Q1 profit for the period at 6.64 million RGT versus 3.27 million RGT year agoPROREIT reported a net income of $22.5 million for the first quarter of 2026, marking a significant increase from $15.0 million in the prior year period driven by higher property revenue and net operating income. The REIT's total debt to total assets ratio decreased to 47.8%, reflecting ongoing efforts to strengthen its balance sheet while maintaining a 96.0% occupancy rate across its portfolio.NewswirePROREIT ANNOUNCES SECOND QUARTER RESULTS FOR FISCAL 2026PROREIT reported Q2 fiscal 2026 results with net operating income up 6.5% year-over-year and funds from operations up 6.1%. The company completed several industrial acquisitions and a $107.3 million equity financing, while occupancy fell to 95.0% due to vacancies.The Globe and MailCanada’s industrial vacancy rate falls as construction slowsCanada's national industrial vacancy rate fell to 3.3% in the second quarter of this year, driven by steady demand for warehouse space and a slowdown in new construction due to increased costs from U.S. tariffs. Major real estate firms Colliers and CBRE report that availability rates are easing, with significant leasing activity at developments like Oxford Properties Group's James Snow Business Park and acquisitions by REITs such as PROREIT.NewswirePROREIT ANNOUNCES JULY 2026 DISTRIBUTIONPROREIT announced a July 2026 cash distribution of $0.0375 per trust unit, payable August 17, 2026 to unitholders of record as of July 31, 2026. The distribution amounts to $0.45 on an annualized basis.NewswirePROREIT COMPLETES ACQUISITION OF FOUR INDUSTRIAL PROPERTIES FOR $21.7 MILLIONPROREIT completed its acquisition of four industrial properties in Winnipeg for $21.7 million, totaling 164,872 square feet of GLA. The purchase was funded by an $14.1 million mortgage and $7.6 million in cash. The deal brings the industrial sector to 93.5% of the portfolio's GLA.NewswirePROREIT COMPLETES ACQUISITION OF 17 INDUSTRIAL PROPERTIES FOR COMBINED PURCHASE PRICE OF $136.8 MILLIONPROREIT completed acquisition of 17 industrial properties in Québec City and Winnipeg for $136.8 million, totaling 771,159 square feet of GLA. It also signed a binding agreement to acquire four additional Winnipeg properties for $21.7 million, expected to close in Q3 2026.AInvestPro REIT Keeps Its 6.5% Yield, but the Flat CAD 0.0375 Dividend Says Growth Is on IcePro REIT (PROREIT) maintained its monthly dividend at CAD 0.0375 per unit, translating to a 6.5% forward yield, marking a continuation of its flat payout strategy with only 0.04% average dividend growth over three years. The REIT recently acquired approximately 773,000 square feet of industrial space in Québec City and Winnipeg for CAD 136.8 million, adding to its portfolio of 105 properties at 96% occupancy. The next earnings update, expected around August 12, will test whether the steady dividend aligns with improved operational performance from newer assets.NewswirePROREIT COMPLETES $107.3 MILLION EQUITY FINANCING INCLUDING $83.3 MILLION BOUGHT DEAL AND $24.0 MILLION CONCURRENT PRIVATE PLACEMENTPROREIT closed a public offering of trust units at $6.50 each, raising $83.3 million, and a concurrent private placement raising $24.0 million. The proceeds will partially fund acquisitions, repay indebtedness, and fund future acquisitions and working capital. Acquisitions are expected to close in the third quarter of 2026.NewswirePROREIT ANNOUNCES VOTING RESULTSPROREIT announced voting results from its annual unitholder meeting held June 2, 2026 in Montréal. Approximately 39.79% of voting units were represented, and all ten trustee nominees were elected by substantial majorities. The external auditor was also reappointed.