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.

TSX:AX.P.E - Post by User

Artis Real Estate Investment Pref Shs Series E

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Post by SNAKEYBOYon Sep 08, 2023 9:36am

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Post# 35625830

Artis's Strategy

Looked good on paper, tougher to execute then Manji predicted. If interest rates went back down quickly, FCR/D would have ripped to 2021 highs, he would have made a quick 50m on their investment, Artis NAV would have been $20 and SP $15. Manji would be genius.

Of course, his strategy requires "betting" and "timing", didnt have a game plan for recession / high rates.

Now look at PMZ CEO dscuss capital allocation. Very meticulous.

1. LOW PAYOUT RATIO
2. FREE CASH FLOW FUNDING NCIB, DEVELOPMENTS
3. ACQUISITIONS

"Capital Allocation" https://vimeo.com/860196206?share=copy

When Manji overlevered to buy public securities and cominar, is the mistake now he cannot unwind

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle