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 > Expect a dividend cut

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Comment by EstevanOutsideron Oct 05, 2023 9:40am

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Post# 35670786

RE:Expect a dividend cut

I find that unlikely given the # of share bought back by Artis + the retired floating rate debt in 2023 which will save around $6 million of annualized interest payments. Also if Artis can get more money from Cominar on the 18% bond instead of shares there is little to worry about. Biggest risk is that the debenture was put onto the credit facility rather than retired with asset sales.

I still don't think they'd cut this year though.

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