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

RE:I am rooting for Manji and Artis

[EstevanOutsider]

always brilliant to look at things in hindsight. but as noted, artis fell harder than the public securities and manji is buying back units at a substantial discount. i don't see it as a loss as you do. the fact he's able to execute the ncib cancels out whatever value was lost from those public securities. overall out of all the reits in canada, i most prefer artis' as i love the idea of selling assets at full value to buy back units trading at a substantial discount to nav - even assuming a discounted nav, one that is attainable, maybe $12 or $13 which would equate to a huge win for recent unitholders not including the distribution and potential for special distributions.

artis is leading the tsx in buybacks. what more can you ask. manji is navigating a difficult situation quite well. to hear the artis' overall protfolio has a 90% occupancy is also most encouraging. overall i believe strongly that artis will be a winner.