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

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

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 > Dream Offfice...

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Comment by CatchTheDipon Mar 04, 2023 3:27pm

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Post# 35319422

RE:Dream Offfice...

D has higher quality office assets, and Eglinton in a hidden monster of value in the portfolio. Take Ds NAV at $31, remove $8 for DIR holdings = $23. (Rough numbers not exact). Then take the $16 unit price, and remove the $6.80 (the mark to market value of DIR in D) = around $9.20. So today we get $23 NAV of D for $9.20. Now add in the extra $2/unit for Eglinton they expect to write it up after zoning approval soon = $25 NAV for $9.20. Again, all rough numbers, but the value is incredible. Artis should see this, focus on capturing this value for unitholders. Not focus on FCR trading at a small discount to NAV when the big money to be made is right in front of them.

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