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 > Portfolio Focus

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Comment by Frankie10on Dec 22, 2023 11:23am

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Post# 35797751

RE:RE:Portfolio Focus

Artis has now entered into unconditional agreements to sell $330M worth of investment properties since Q3 results.

Credit facilities at Q3 were $818M.

Can you feel the fortification of the balance sheet?About time if you ask me...

With the scale of dispositions on deck per public press releases and Samir's comments today... the credit facilities should no longer be a problem, and we can realistically start thinking about a SIB.

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