Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Voyageur Secures First International Sales Contract worth US$1.9 Million (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Alternate Symbol(s):  ARESF | T.AX.P.I | 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.


TSX:AX.P.E - Post by User

Artis Real Estate Investment Pref Shs Series E > New Press Release - ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES UNCONDITIONAL SALE OF EIGHT CANADIAN RETAIL PROPERTIES
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(989)
•••
Comment by Frankie10on Dec 22, 2023 8:49am
66 Views
Post# 35797321

RE:RE:RE:New Press Release - ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES UNCONDITIONAL SALE OF EIGHT CANADIAN RETAIL PROPERTIES

RE:RE:RE:New Press Release - ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES UNCONDITIONAL SALE OF EIGHT CANADIAN RETAIL PROPERTIES

Este and DZ,

With respect to the question of how proceeds will be used:
"Proceeds from the transaction will be used to reduce overall debt."

Do we not trust Samir's word via PR?

I have long advocated for repaying floating debt via asset sales... I expect the buybacks of common and preferred units to ramp back up to maximum daily amounts (prefs based on public market volume). I believe the timing of this PR is no accident. I believe this was released at the exact moment Artis begins publicly disclosing buybacks. Without this news, the buybacks seem reckless - with this news, the buybacks feel like a signalling of power.

With future sales all but promised - the actual question should be - after selling another $200M+... THEN what is Samir going to do with the proceeds... It feels like a SIB is imminent... and after another $200M of sales, I believe doing so would be a masterstroke. 

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities