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 > Not sure how this one is not tanking

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Comment by EstevanOutsideron Oct 25, 2023 9:06pm

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Post# 35701311

RE:RE:RE:Not sure how this one is not tanking

If Manji sold the industrial at NAV it would reduce the REIT's entire liabilities (credit facility & debentures) and still leave us with $136 million in cash plus retail + office + private securities + residential of which is 300 Main. An extremely low leverage REIT with nothing but the outstanding mortgages of which may get a better multiple. Lending costs may also be lowered by emcumbering the assets. All hypothetical and wishful thinking but likely doable. Not sure what his plan is.......

Insane how nobody else is seeing the opportunity here.

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