PRO Real Estate Investment Trust

PRV_u.TO

Not Compliant
Exchange
Sector
Headquarters
Group
The Toronto Stock Exchange
Real Estate
Canada
Small cap

PRO Real Estate Investment Trust is not Shariah Compliant because it fails the financial ratios.

-

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
HOLD
$4.522758521
$4.34
$4.70
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
1.78%
51.38%
2.39%
0.00
0.11
0.00%

Shariah Compliance

  • Updated on September 24, 2025
Debt
100%
✗
Non-Compliant Assets
✓
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
100%
✗
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
✗
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
50.63%
✗
Cash
0.95%
✓
Cash & AR
1.29%
✓
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
50.63%
✗
Cash
0.95%
✓
Cash & AR
1.29%
✓
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

PRO Real Estate Investment Trust (the REIT) is a Canadian industrial-focused real estate investment trust. The REIT owns and manages a portfolio of commercial properties located in mid-sized cities. The REIT segments include three classifications of investment properties: Industrial, Retail, and Office. All of the REIT’s activities are located in one geographical segment – Canada. The REIT’s portfolio is comprised of 118 income producing commercial properties representing approximately 6.7 million square feet of gross leasable area. Its properties include 7405 127th Avenue, Edmonton, Alberta; 780 Central Avenue North, Swift Current, Saskatchewan; 4508-4510 50th Street, Spirit River, Alberta; 4919 50th Street, Rocky Mountain House, Alberta; 20 Bentall Street, Winnipeg, Manitoba; 520 Beards Lane, Woodstock, Ontario; 240 Montreal Street, Kingston, Ontario; 1725 Inkster Boulevard, Winnipeg, Manitoba; 1345 Redwood Avenue, Winnipeg, Manitoba, and 2030 Notre Dame Avenue, Winnipeg, Manitoba.

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