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Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.P.E

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

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... see more

TSX:AX.P.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > GLOBE ARTICLE ON PAYOUT CUTS
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Post by MARKOPOLIS on Oct 27, 2023 7:15am

GLOBE ARTICLE ON PAYOUT CUTS

2. RBC Capital Markets real estate analyst Pammi Bir acknowledged the volatility in the REIT sector in a recent report previewing the upcoming earnings season. Mr. Bir listed a number of REITs where he saw their ability to defend current payout levels as “below average.” He emphasized that distribution cuts were not imminent in any of the companies mentioned. However, because of some combination of elevated payout ratios, weak fundamentals, debt composition, high leverage and/or strategic considerations, the analyst believes the following REITs will have more trouble sustaining payouts than others in the sector: Allied Properties REIT, Artis REIT, Chartwell Retirement Residences, Dream Office REIT, European Residential REIT, Extendicare Inc., American Hotel Income Properties REIT, Melcor REIT, Northwest Healthcare Properties REIT, Nexus REIT, Slate Grocery REIT and SmartCentres
Comment by EstevanOutsider on Oct 27, 2023 3:27pm
They are a day late and a dollar short. People who followed RBC buy calls on REITs have lost most of their money. It's obvious rates and REITs won't be friends. But now you are at a cyclical top in rates and the REITs are near all-time lows. Thanks for the warning BRO!  As for ERE, 5-year Netherlands is already back to 2.9% and ECB is close to cutting as the Eurozone in recesssion ...more  
Comment by Panic54321 on Oct 27, 2023 4:19pm
You are bang on !!! These analysts and they're extremely late to the party!!! ( stating the extreme obvious )  There way to slow on the way down....  then adjust the pricing forecast way down. (never say buy at the bottom or close to the bottom )  There going to be slow on the way back up as always ( adjusting there forecast price to current share price. ) almost ...more  
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