Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

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

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 > Let's talk Artis organic growth potential

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Post by EstevanOutsideron Apr 28, 2023 11:36pm

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Post# 35420511

Let's talk Artis organic growth potential

I just went thru the details of their organic growth coming online in 2023 and did some counting.

We have:

Blaine 35 (317,000 sq ft)

Park8Ninety (675,000 sq ft)

Park Lucero East extension 10% (561,000 sq ft)

Should bring in around $8.3 million assuming it was 100% occupied.

Between beginning & Q1 2023 Artis will have reduced distribution payments by $6.4 million

The Colorado AT&T vacancy if not filled will result in 10 lost months of rent at $4.2 million

Already in 2023, Artis will have reduced distribution by $1.4 million (not including prefs) from NCIB

Would love to hear from people smarter than me here.