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

Why

[Frankie10]

Been looking at this for awhile... the divergence here vs. other reits is meaningful...

Things I like:

- Less than half of NAV
- WA cap rate of 6.1%
- P-to-FFO in the 6's
- P-to-AFFO in the 9's
- 6.5% yield
- 60% AFFO payout ratio
- Liklihood of increasing distribution (my opinion - have they said anything?)
- Selling assets at IFRS values
- Selling to reduce leverage
- NCIB?

What am I missing for this to be trading so poorly compared to peers?

[JMOttawa]

I was wondering the same thing. First, quite a bit of their debt is coming for renewal in the next 18 months (although their debt levels are very conservative). Second, the investment community as a whole is in a wait and see mode in regards to Samir's strategy of investing in other deeply undervalued REITS. And finally, the analysts may be frustrated that Samir does not provide them with

[SNAKEYBOY]

Hey Frankie, welcome to the club. I sold about 120k PMZ since September to buy ARTIS, however they kept trending in OPPOSITE directions. I screwed myself out of 15K easy on the trade....bad artis. bad

[Frankie10]

I like this REIT, at this price.