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

Alternate Symbol(s): ARESF | T.AX.UN | 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 > Artis' credit facility debt plunges

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Comment by DZtraderon Aug 03, 2023 1:13am

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Post# 35570423

RE:RE:RE:Artis' credit facility debt plunges

Hey Este, it's not the quarter per say, as I noted. It is the strategic review that so much caught me off guard. To me it feels like capitulation, like a last ditch effort to salvage some kind of muted value. I was surprised and dissapointed in that approach. I called it a cop out, out of sheer frustration that after years of questionable stratagy and execution that they would succumb to essentially for all intents and purposes putting themselves up for sale. I just expected better than that. I would much rather see them just to continue paying down debt and continue asset sales, which in the long run will unlock far greater value than what amounts to a fire sale today. Personally, I don't believe they have a keen intention on selling to an outside group, if at all.

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