Investor Presentaiton
Embedded Value
in our Portfolio
2023 Renewals
Renewed as of Q2 2023 (% GLA)
15.0%
43.2%
5.3
Weighted Avg
Estimated
Asset
Year 1 Average
Net Increase
Weighted Average
Class
Lease Term
In-Place Net
Rent
Market
Spread
Fair Value per
Net Rent¹
sq. ft.
(years)
85.0%
Non-Renewed Tenants
Renewed Tenants
90.2%
of 2023 Renewals
are Industrial
49.6%
Year 1 Average
Net Increase for
Industrial
Tenants
PROREITTSX:PRV.UN
Industrial
$8.12
$11.21
38%
$153
Retail
$14.17
$14.41
2%
$178
Office
$14.90
$14.99
1%
$181
Leased Total
$9.31
$11.85
27%
$158
1 Based on management's estimates derived from Q2 2023 Colliers, CBRE, Cushman & Wakefield and JLL reports as
well as internal appraisal reports.
INVESTOR PRESENTATION / OCTOBER 2023
17View entire presentation