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

Alternate Symbol(s): ARESF | T.AX.P.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.

TSX:AX.P.E - Post by User

Artis Real Estate Investment Pref Shs Series E > ROASTED

<< Previous

Bullboard Posts

Next >>

Comment by CatchTheDipon Feb 28, 2023 10:54pm

46 Views

Post# 35311519

RE:RE:RE:ROASTED

CatchTheDip wrote:
Frankie10 wrote: Per Page 30 of MD&A:

EQUITY SECURITIES EXPENSES

The REIT invests in equity securities of publicly-traded Canadian real estate entities. In connection with these investments, the REIT incurred commissions, service and professional fees of $1,890 (Q4-22 - $759) in 2022, compared to $186 (Q4-21 - $95) in 2021.

Included in equity securities expenses are fees paid to Sandpiper. Refer to the Related Party Transactions section of this MD&A for further details.

- - - - - - - -

Possibly as much as $750k of fees paid to Sandpiper just this quarter, not too shabby I hope this is brought up on the call tomorrow as I would love to hear his response. I'd like to know the corresponding costs incurred by Sandpiper and the net profit Sandpiper makes for providing these services to Artis. Given the related party nature, you would think this would be a fair question.

Page 56. Sandpiper got 878k in 2022. Would have been better just to buy back their own units, or focus on just Dream Office or ONE reit.