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 > Strategic review

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Comment by EstevanOutsideron Aug 02, 2023 6:29pm

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Post# 35570056

RE:Strategic review

Manji / Eodney noted last Q they had to spend $4 million to upgrade Colorado office property ATT vacated to accomodate multiple tenants. It is probably why affo is 100% in Q2

SNAKEYBOY wrote: Strategic review doesn't bother me and it is a lifeline that they could look to sell the entire reit... if it isn't just a ploy that "he's trying to close gap". Might just be smoke and mirrors with nothing being done. I'm concerned why affo is 0.15 as the high debt repayment and ncib should have propped it up as Frankie calculated. If it was the same result with affo at 0.17 to 0.18 I would be happier.

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