Bullboard - Stock Discussion Forum 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... see more

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Artis Real Estate Investment Pref Shs Series E > The reality of the matter

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Post by SNAKEYBOY on Aug 28, 2023 1:39pm

The reality of the matter

REITs and financials are scraping the bottom of the barrel, have been dysfunctional since March, the 2 rallies we had were very brief and short lived. Will this time be any different?

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Comment by Reece1986b on Aug 28, 2023 1:52pm

I think it is huge that Artis has reclaimed $7. Global interest rates appear to be nearing their peak for this cycle, global freight is down, consumers are pulling back on discretionary purchases though there is still a lot of demand for services. Expectations are for interest rate cuts in Canada in 2024. Probably a few more months of choppy action and then rent will filter through to CPI and ...more

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Comment by EstevanOutsider on Aug 28, 2023 2:32pm

The recession might be nasty. They'll have to cut rates fast. Good for Artis and reits. Trading at a massive discount unle the bloated at risk residential market.

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