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 > Crunching the numbers

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Comment by SNAKEYBOYon Sep 19, 2023 10:01pm

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Post# 35644540

RE:Crunching the numbers

Its my view that only Mr Manji truly knows the "value"of artis. As he has inbound unsolicited requests, and has seen how many buyers came to the table for the 300m disposed of to date, as well as more insider information with regards to commercial real estate in general. Will some offices in minessota and colorado be sold anywhere *near FMV for the 7% cap rate or whatever it is, or will they need to write them down 15, 20% or more.

If Manji still wanted to play the "long game" then the easiest middleground is a 150-200m SIB. Offer it for $8 bucks. 20m shares vanish. It then becomes more takeout friendly.

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