TSX:AX.PR.E - Post by User
Comment by
Frankie10on Feb 08, 2023 10:17am
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Post# 35274236
RE:RE:RE:RE:Equity Investments
RE:RE:RE:RE:Equity Investments Exactly. Also, I want to know the composition as at sept 30 so that I have a baseline to better understand what was purchased in Q4. We already know based on subsequent events note that 20M+ was purchased in Q4. The fact there is no note, even to disclose how the investments are measured (fv, book, equity...) is kinda pathetic because they're leaning on the fact quarterly's don't have to be prepared in accordance with IFRS. I don't mind the sloppiness because it likely feeds into the discount.
Reece1986b wrote: Thank you Frankie10! I really do hope Artis provides us with an update. It has become quite a large amount of money for us to be guessing at what it is invested in.
Frankie10 wrote: I emailed investor relations. Will update you guys once I hear back. I asked for composition of equity investments as at sept 30.
Reece1986b wrote: I would be very curious to learn what is being bought. A large portion of it is not Dream Office and we are left to guess what portion is FCR and/or other unnamed investments. Considering that arguably some of the best assets Artis owns are being sold to fund these investments - I think we should really know what is being bought with the industrial asset sale proceeds.
Frankie10 wrote: Looking forward to seeing the composition of this line item on audited statements. No more hiding. Anybody thought of calling investor relations and asking for this information?