TSX:AX.P.E - Post by User
Comment by
Reece1986bon Sep 22, 2023 12:47pm
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Post# 35649521
RE:REITS breaking down is worrisme
RE:REITS breaking down is worrismeI'm quite surprised to see Artis holding up as well as it has while Dream Office and many U.S. REITs have suffered ~10% declines this week alone. I would count this as good fortune and not something we should necessarily expect to continue. I fully expect we will be back at 52 week lows if Artis reports another weak result in Q3 with no further Strategic Review developments. It would be nice to see at least $200 million of asset sales announced with Q3 results to at least demonstrate that progress is being made.