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 > EDGEPOINT WEALTH

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Post by garyreinson Oct 19, 2023 8:04pm

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Post# 35692120

EDGEPOINT WEALTH

I find it odd they are a 10% owner now given the desire of such a fund to limit company risk, specifically artis with a poor capital structure, unproven management that bought public securities before solidifying balance sheet etc. Not to mention dividend sustainability at 100% affo payout.They could have easily diversified into many Canadian reits.

My initial feeling is this move is tied to strategic review in some capacity. Might be some open channels with Sandpiper on the way forward.

I would love to see them get to 20%. They wouldn't make these decisions based on a "bet".

GLTA

GARY REINS AKA THE GARANATOR

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