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 > Mongoose

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Comment by WEBuffettisbeston Nov 30, 2023 8:02am

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Post# 35760457

RE:RE:RE:Mongoose

Also, the interest expense is fully tax deductible, and the distributions are not usually fully taxable.

So an extreme example is paying 6 to 7% interest so 3 to 4% after tax and getting 8 to 10 % distribution which only 50 is taxable, so keep 6 to 7.5% after tax. Canada rates

With a positive carry of 3 to 3.5 %, one can wait for the eventual price rise.

Risks are higher interest rates and dividend cut,

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