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 > Q3 results

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Comment by Frankie10on Sep 29, 2023 12:01pm

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Post# 35661825

RE:RE:Q3 results

First of all, these big shops are wrong more than they're right and you should chase whatever they are serving you with a cube of salt.

FFO, AFFO, EBITDAFV... It's all inconsequential without asset sales. Fundamentally Q2 was an amazing quarter - no asset sales coupled with debt rolling at higher rates destroyed any positivity that could have been taken from the Q2 report.

The debt is the issue - solved via asset sales. Per unit FFO, AFFO, or any other metric your looking at will improve once assets are sold at a cap rate lower than our marginal borrowing cost and then using those proceeds to repay highest costing debt (credit facilities).

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