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

Alternate Symbol(s):  T.AX.UN | ARESF | T.AX.PR.I

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

Post by EstevanOutsideron Feb 29, 2024 8:48pm
106 Views
Post# 35908105

Cominar qoq results came out, summary

Cominar qoq results came out, summarySold 8 properties: 
6x office & mixed use
2x retail
square footage of sale: 293,000

Other:
interest coverage ratio q4 2023: 1.8x (covenant is 1.65x minimum)
$25 million paid to IRIS in December
fair value reassess of entire portfolio
debt ratio: 47.7%
$2.09 billion of assets
$1.076 billion of liabiltiies
* During year ended December 31, 2023, Cominar used the property dispositions net proceeds, a portion of the 2023 Credit Facilities and cash on hand to declare and pay $206.0 million in cash distributions to IRIS.
89.7% occupancy (flat q-o-q)
$133 NOI for 2024

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