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.

TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > PMZ AND HR TRADE AT ~14.5x AFFO MULTIPLE

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Comment by Frankie10on Mar 03, 2023 9:40pm

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Post# 35318872

RE:RE:RE:RE:PMZ AND HR TRADE AT ~14.5x AFFO MULTIPLE

Free cashflow has since deteriorated. The risk of rising rates was heightened at the time due to the % of variable debt and % of debt coming due within a year or two. Using Q4 metrics, I believe the NAV is realistic and the cash flow is relatively sustainable. Using Q4 metrics, at $8-$9 Artis is a good risk adjusted for ME.

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