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 > Consistent write downs in NAV

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Comment by Frankie10on Aug 16, 2023 9:34pm

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Post# 35592149

RE:RE:RE:Consistent write downs in NAV

I was just about to say - if they don't sell more assets, that $250 will be drawn from the credit facilities. I hope you are correct sir that more assets will be sold to cover the repayment and credit facilities can remain where they are or lower (wishful thinking). As it stands, there isn't enough assets held for sale to cover the debenture repayment. And Artis dosnt put assets sold but not closed in assets held for sale... they put assets they WANT to sell in assets for sale.

can't stress enough - my least favourite part of Q2 earnings was that they literally made ZERO progress on asset sales after the huge PR - made me want to puke i was so disgusted.

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