PRO Real Estate Investment Trust (PROREIT) is a Canadian real estate investment trust headquartered in Montreal, Quebec, that specializes in the acquisition, ownership, and management of commercial real estate. Founded in 2013, the company has strategically evolved its portfolio to become a pure-play light industrial REIT. As of late 2025, PROREIT's portfolio comprises over 100 income-producing properties totaling approximately 6.4 million square feet of gross leasable area (GLA) across Canada, with a strong geographic footprint in Eastern and Central Canada, including Quebec, Ontario, and the Atlantic provinces. The trust generates its revenue primarily through rental income from its commercial tenants. Following a disciplined capital recycling strategy that involved the divestment of non-core retail and office properties, PROREIT's revenue base is now heavily concentrated in the industrial real estate sector. Industrial properties account for over 92% of the trust's total GLA and approximately 90% of its annualized base rent. The company focuses on small- to mid-bay industrial assets in robust secondary markets, which provide stable cash flows, high occupancy rates, and embedded rent growth potential. PROREIT's competitive position is supported by its experienced management team, a strategic focus on markets with strong economic fundamentals, and a diversified tenant base that mitigates risk and ensures sustainable long-term value for unitholders.
