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 > Artis investing in Dream

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Comment by Frankie10on Apr 30, 2024 10:09am

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Post# 36014617

RE:RE:RE:RE:Artis investing in Dream

Hey TJ,

I hope you are well.

I appreciate your thoughts.

Personally, I believe supply and demand for office will balance out. Developments are drying up and new developments don't pencil. Exiesting supply is shrinking as some properties are being converted to residential - and I've even seen industrial. I would refer to H&R as an example of this. In the meantime, quality office assets continue to get leased up. At these lease rates, implied valuations stretch as high as double digit cap rates in the public market per my calculation.

Everything is a risk calculation and for me the risk is more than baked into the price. Of course - time will tell. Just my 2 cents.

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A junior copper-gold stock trading at a bargain of monumental proportions