Artis Real Estate Investment Pref Shs Series E T.AX.P.E

Primary Symbol: T.AX.PR.E Alternate Symbol(s): ARESF | T.AX.PR.I | T.AX.UN

Real Estate REIT - Diversified

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

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Artis Real Estate Investment Pref Shs Series E

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Post by Torontojayon Mar 08, 2024 12:27pm

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Post# 35922982

Sahm’s rule

According to Sahm's rule, researched by Claudia Sahm, the US is very close to entering a recession or confirming it has started. There has never been a point in history where the US didn't have a recession after the 3 month average unemployment rate was 50 bps above the minimum of the 3 month averages from the previous 12 month.

The unemployment rate troughed at 3.4% in April with the minimum 3 month average at 3.5%. If the next 2 months produces an average unemployment rate of 4.05% or higher then it confirms the recession according to Sahm's rule. We are currently at 3.9% and the Sahm rule indicator at 27 bps.

https://fred.stlouisfed.org/series/SAHMREALTIME

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