Pro Reit Forecasted to Earn FY2023 Earnings of $0.47 Per Share (TSE:PRV)

Pro Reit (TSE:PRV – Get Rating) – Equities researchers at Raymond James reduced their FY2023 earnings per share (EPS) estimates for Pro Reit in a note issued to investors on Thursday, June 1st. Raymond James analyst B. Sturges now forecasts that the company will post earnings of $0.47 per share for the year, down from their previous estimate of $0.48. Raymond James also issued estimates for Pro Reit’s FY2024 earnings at $0.55 EPS.

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Pro Reit (TSE:PRV – Get Rating) last released its earnings results on Wednesday, March 22nd. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.03). The company had revenue of C$25.07 million during the quarter.

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Pro Reit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.038 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.46 dividend on an annualized basis and a yield of ∞.

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