TSX:AX.PR.E - Post by User
Post by
DJ441con Apr 09, 2023 12:37pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
178 Views
Post# 35385849
artis dividend cut coming
artis dividend cut coming1 delay in earnings release apr 19 last year now May 11 good news never delayed
2. loss of the ATT income tough to replace in this market
3. look at interest expense in the 4th quarter big increase and consequent increase in payut ratio for hte quarter
4 Much biiger problem 300 Main development in Winnipeg I live here talked to a contractor yesterday Artis is slowing down completion as the suites due to poor uptake was what I was told
Rent is high 1600-2000 per month for tiny suites Little reason to live there Access to Jets games is easy but thats all This building is in dwontown Winnipeg unsafe to walk at night no one out there and stabbing death at Library close by recently this is a Food Desert no food stores close by have to go to the burbs to food shop , might as well live out there where safer and can rent bigger suite for same $$
unfortuately I own too much of this now significant down expect news release divi cut as market is "not giving credit for us" expec t decrease to 2 cents per month 60 percent decrease then can purchase more shares to inflate the percentage ownership my sandpiper