Artis Real Estate Investment Pref Shs Series E 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.

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Artis Real Estate Investment Pref Shs Series E > IDEA FOR MANJI

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Comment by Reece1986bon Mar 02, 2023 9:52am

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Post# 35314852

RE:IDEA FOR MANJI

I completely agree SNAKEYBOY. Dream Office recently sold 565,000 units of DIR for $14.70 even though NAV was $16.97. Dream Office now has extra money to pursue unit buybacks, etc. Artis could do the same and dump FCR.

Artis industrial properties at 90% NAV would sell rather easily. The entire Artis REIT is being priced at ~50% NAV so this would generate a lot of NAV if the money were used for Artis unit buybacks or even to continue buying other public REITs.

SNAKEYBOY wrote:
Why not try to sell 1/4 of portfolio in a fire sale...i.e. mark it down to get lots of buyers, $14/share.....with that cash reduce dead and do a massive TENDER auction of 15 million shares at $10. That would rebump NAV to $17 and debt comes down, and much less float.

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