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

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

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

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Post by SNAKEYBOYon Aug 08, 2023 4:59pm

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Post# 35578340

BTB REIT

Maybe Artis should learn something from BTB REIT. Small cap REIT with 58% debt.....tades at $3.28/$4.50 BV = 70%. Also a diverfisied REIT.

BTB and other REITS are reducing office and going overweight industrial, artis did the opposite- Sold industrial to go overweight office.

Simple structure, acting like a REIT, growing through incremental small acquisitions of industrial properties. Nothing fancy. Just a maintaining and improving AFFO through growth.

I wonder if Manji started 2 years ago by selling some office/retail and moving towards a more industrial heavy REIT what the SP would be now....my guess is a lot higher than $7!

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