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.

TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > 2 MONTHS OF $7 HOLDING THE LINE

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Comment by EstevanOutsideron Aug 18, 2023 1:14pm

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Post# 35595170

RE:RE:RE:RE:2 MONTHS OF $7 HOLDING THE LINE

Jackie K said there was alot of demand for Artis retail assets and inbound inquiries with a cap rate of low 5s being applied on all asset class dispositions.

Lots of people get ahead of themselves on a bagholder forum (stockhouse) but I see no reason for concern.

I don't think a full reit sale is in the works nor have they implied that. they clearly indicated their intention to close the nav to unit price discount and cited that as the purpose of the strategic review commiteee's main task.

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