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

NCIB RENEWAL DEC 17

[SNAKEYBOY]

Right around the time tax loss selling will subside......

3 more weeks  to BACK UP THE TRUCK BEFORE WE RUN UP TO $12 IN 2023!

[Frankie10]

Opened a decent position here.

[JMOttawa]

Astute. I just added at the current unit price.

[SNAKEYBOY]

Im buying. I have over 300k in artis now my biggest position by far....the horse with the gimmpy leg in last place

[JMOttawa]

Solid! I'm in the same boat. We are being paid well to wait ;)

[materialsgirl]

JMOTTAWA You asked elsewhere what I thought about this outfit. I have not studied it deeply. It is an outlier in that it seems to have no category focus and ir has an ongoing storewide sale.  Every asset is for sale at the right price. Currently assey mix is; Offices  48%   (84% occupancy) Retail    20%   (92% occupancy) Industrial 32% (97% occupancy

[Frankie10]

only thing not ideal is debt maturity.  i took a decent look here - and opened up a decent sized levered position - very similar investment thesis for H&R except no options and lower quality assets, bonus is the yield, additional cash flow, and even steeper dislocation between price and NAV. Can someone whos been here for a while confirm they are selling properties at IFRS values per PR

[SNAKEYBOY]

theyve been selling assets and their NAV but mostly industrial....retail/office may not fetch that value or be overly liquid in this environment, depending on the property

[JMOttawa]

Thanks for checking in Mat, and sharing your impressions. Have a great weekend!