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 > Dividend cut coming ?

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Post by incomedreamer11on Apr 23, 2024 4:44pm

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Post# 36004000

Dividend cut coming ?

Today from TD

Q1/24 Expectations by Sector (Sorted by AFFO Growth)

Diversified (-10%):

For H&R REIT, our 7% forecast AFFO/unit decline is mostly due to dispositions (interest costs are expected to be flat).

Elevated interest costs are the main driver behind the expected 23% AFFO/unit decline we are forecasting for Artis REIT, which weighs on the overall group average.We are expecting $0.14 AFFO/unit in Q1/24

$6.50 HOLD Our $6.50 target price is based on a 9.5x-10.0x multiple on our 2025E AFFO/unit. It is at the lower end of the 9.5x-12.0x multiple range that we use to derive the target prices of Artis’ closest peers in our coverage universe, potential for a distribution cut owing to a high payout ratio

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Nine Mile Metals completes acquisition of 3 properties