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


Primary Symbol: T.AX.PR.E Alternate Symbol(s):  ARESF | T.AX.PR.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.PR.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
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Comment by Frankie10on Dec 22, 2023 9:09am
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Post# 35797362

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

RE:RE:RE:RE:RE:New Press Release - ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES UNCONDITIONAL SALE OF EIGHT CANADIAN RETAIL PROPERTIES“We are also seeing very strong interest in Artis’s retail portfolio located in other Western
Canadian markets with the recent drop in bond yields further strengthening the large number of buyers who have expressed interest in one or more of these markets. This will position us well in our efforts to maximize value on dispositions that Artis is pursuing.”

To me it sounds like the direction is clear - he plans to sell more assets - specifically Western Canada retail portfolio (Artis' entire retail portfolio).
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