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PROREIT Announces December 2020 Distribution and Provides December Rent Collection Update
PROREIT Announces December 2020 Distribution and Provides December Rent Collection Update...
About this update from Pro Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n PROREIT Announces December 2020 Distribution and Provides December Rent Collection Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:#000000 1pt solid; BORDER-RIGHT:#000000 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:#000000 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:#000000 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:#000000 1pt solid; BORDER-RIGHT:#000000 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:#000000 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:#000000 1pt solid; PADDING-RIGHT:1.17em\n}\n.prngen4{\nBORDER-TOP:#000000 1pt solid; BORDER-RIGHT:#000000 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:#000000 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:#000000 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:#000000 1pt solid; BORDER-RIGHT:#000000 1pt solid; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:#000000 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:#000000 1pt solid; PADDING-RIGHT:0.50em\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n \n \n \n \n \n \n Monthly cash distribution of\n \n $0.0375\n \n per unit declared\n \n \n 99.8% of rent collected in\n \n December 2020\n \n \n \n \n \n MONTREAL\n \n ,\n \n Dec. 17, 2020\n \n /CNW Telbec/ - PRO Real Estate Investment Trust (\"PROREIT\" or the \"REIT\") (TSX: PRV.UN) today announced its\n \n December 2020\n \n distribution and provided an update on December rent collections.\n \n \n \"We are pleased to close the year with a continuing collection rate of nearly 100% across every asset class in December, thanks to the resiliency of our well-diversified tenant base that has held up remarkably well in the context of COVID-19. With less than 0.2% of gross rent in arrears, our cash flow position remains very solid,\" said James Beckerleg, President and CEO, PROREIT.\n \n \n \"With the positive momentum currently observed in the market, bolstered by the arrival of vaccines, we are beginning to look fo...