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 > MANJI MAKING A RRSP CONTRIBUTION

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Comment by Reece1986bon Mar 04, 2023 5:22pm

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Post# 35319524

RE:MANJI MAKING A RRSP CONTRIBUTION

Thank you for sharing that SNAKEYBOY. Both Artis and Dream Office trade at roughly half NAV. Artis would rather purchase FCR which trades at a much smaller discount to NAV.

CatchTheDip explained earlier that with Dream Office on the office portion of the REIT which excludes the DIR stake "We get $23 NAV of D for $9.20." That's a 60% discount to NAV. "$25 NAV after Eglinton for $9.20" is a 63% discount to NAV on the office portion. Absolute madness. Dream Industrial European rents are usually indexed to inflation too so between that and the acquisition of Summit Industrial, things look promising for a good Q1 2023 for DIR which might make these NAV discounts on Dream Office even more extreme.

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