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 > The difference

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Comment by EstevanOutsideron Aug 23, 2023 3:01pm

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Post# 35602423

RE:RE:The difference

Europe PMI in free fall this morning crushing odds of more ECB hikes and weakening the Euro. Good for Artis to have US exposure amidst CAD weakness. They can sell US assets and buyback cheap Canadian shares / prefs at a wide discount. Canadian economy under siege. Took a look at a GoC report published this week and it said 38% of mortgage holders are borrowing to survive daily expenses. Rate hikes to become cuts sooner than expected. US car loan deliquencies at 18 yr highs. Lots of people folding. Rates are too high.

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