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 > What to Expect

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Comment by Frankie10on Jul 03, 2023 1:20pm

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Post# 35524930

RE:RE:What to Expect

Learn to read Clown.

As evidenced by recent activity, Artis is aggressively monetizing assets. As it does, income statement will improve on a per unit basis by using sale proceeds to:

a) buy back units (implied cap rate on common unit purchases > implied cap rate on property sales); and

b) repay debt (marginal borrowing rate being credit facilities at prime plus 0.7% > implied cap rate on property sales).

Artis is monetizing it's assets far more aggressively than H&R. H&R also dosnt have the very expensive debt to repay with sale proceeds, therefore it cannot boost AFFO per unit by selling assets and retiring debt. In full disclosure I hold 4x more H&R than Artis.

You're embarrassingly incompetent when it comes to financial analysis. All you do is nag, complain and speculate. Everyone would be much better off if you kept your thoughts to yourself.

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