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

Alternate Symbol(s): T.AX.P.I | ARESF | 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 > Could something like this be in the cards?

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Comment by Frankie10on Sep 21, 2023 11:59am

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Post# 35647554

RE:RE:RE:RE:RE:Could something like this be in the cards?

You could conceivably do both - spin-off and strategic asset sales. That would be very good imho.

You could still sell stategic assets to realize any disconnect between public and private valuations (close NAV), and

The office (and office mortgages) can be spun off, along with Dream Office. - - it would be interesting if there was a no-cash deal to combine Artis' office portfolio and Dream Office. DIR units as part of the deal or as liquidity?

Interesting to think about given that Artis' office portoflio is meaningfully outperforming Dream Office's portfolio. A merger of equals on a relative basis would fundamentally improve Dream Office.

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