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PRVFF (PRO Real Estate Investment Trust) Financial Strength : 4 (As of Sep. 2024)


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What is PRO Real Estate Investment Trust Financial Strength?

PRO Real Estate Investment Trust has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

PRO Real Estate Investment Trust's Interest Coverage for the quarter that ended in Sep. 2024 was 2.08. PRO Real Estate Investment Trust's debt to revenue ratio for the quarter that ended in Sep. 2024 was 5.20. As of today, PRO Real Estate Investment Trust's Altman Z-Score is 0.53.


Competitive Comparison of PRO Real Estate Investment Trust's Financial Strength

For the REIT - Industrial subindustry, PRO Real Estate Investment Trust's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PRO Real Estate Investment Trust's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, PRO Real Estate Investment Trust's Financial Strength distribution charts can be found below:

* The bar in red indicates where PRO Real Estate Investment Trust's Financial Strength falls into.



PRO Real Estate Investment Trust Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

PRO Real Estate Investment Trust's Interest Expense for the months ended in Sep. 2024 was $-3.95 Mil. Its Operating Income for the months ended in Sep. 2024 was $8.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $276.74 Mil.

PRO Real Estate Investment Trust's Interest Coverage for the quarter that ended in Sep. 2024 is

Interest Coverage=-1*Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*8.198/-3.95
=2.08

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

PRO Real Estate Investment Trust's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(92.399 + 276.744) / 70.968
=5.20

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

PRO Real Estate Investment Trust has a Z-score of 0.53, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.53 is in distress zone. This implies bankruptcy possibility in the next two years.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PRO Real Estate Investment Trust  (OTCPK:PRVFF) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

PRO Real Estate Investment Trust has the Financial Strength Rank of 4.


PRO Real Estate Investment Trust Financial Strength Related Terms

Thank you for viewing the detailed overview of PRO Real Estate Investment Trust's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


PRO Real Estate Investment Trust Business Description

Comparable Companies
Traded in Other Exchanges
Address
2000 Mansfield Street, Suite 1000, Montreal, QC, CAN, H3A 2Z7
PRO Real Estate Investment Trust is an open-ended real estate investment trust. The REIT's segments include three classifications of investment properties - Retail, Office, and Industrial. All of the REIT's activities are located in one geographical segment, which is Canada. Its objective is to maintain a combination of short, medium, and long-term debt maturities that are appropriate for the overall debt level of its portfolio, considering the availability of financing and market conditions, and the financial characteristics of each property. It derives key revenue from the Industrial segment.