Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

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

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 > Q3 results

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Post by garyreins on Sep 29, 2023 10:35am

Q3 results

How much decline is their FFO/AFFO expected to be? It sounded like last earnings press release they knew it was not going to look so good citing it as unpredictable or something like that.

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Comment by Income on Sep 29, 2023 11:40am

FWIW RBC has Q3 FFO estaimated at .28 cents, actually modestly up from Q2 FFO of .26 cents.

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Comment by Frankie10 on Sep 29, 2023 12:01pm

First of all, these big shops are wrong more than they're right and you should chase whatever they are serving you with a cube of salt. FFO, AFFO, EBITDAFV... It's all inconsequential without asset sales. Fundamentally Q2 was an amazing quarter - no asset sales coupled with debt rolling at higher rates destroyed any positivity that could have been taken from the Q2 report. The debt is ...more

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Artis Real Estate Investment Pref Shs Series E