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

With REITS moving down fast...

[garyreins]

Looks like Artis is even in a more precarious postion to close the gap, an extra dollar or ~17% to go compared to only 2 weeks ago.   It would seem as though they are arranging some transaction otherwise as someone else pointed here before, taking out mortgages on their debt at fixed and selling more assets asap would be the most prudent way to stabilize AFFO.  Does not seem like public securities can even be disposed of given where FCR and D are trading at.  The timing of starting everything just 2-3 months sooner may have made a big difference, in my opinion.  

-gary

[EstevanOutsider]

i am not so sure they should rush to put mortages on right now unless they have to. rates are peaking out and soon they'll start falling. imagine being the guy who misread the rate cycle on the upside only to jump onto it at the cycle peak before the downside. but yeah, i really hope he has a gameplan behind the scenes. only positive here is the current unit price will make for some very very

[garyreins]

" rates are peaking out and soon they'll start falling." while you've been saying that a lot for past 2 months, yields keep pushing higher. Thoughyou may be right,  they have to top soon or else it will be very restrictive environment at this pace

[EstevanOutsider]

doesn't matter bro, i was in oil stocks for the past few years and made massive gains. can take a couple gut punches to be a bit early in the reit space, lock in big yields, and see big capital gains over the next couple years as a new cycle starts. will be re-investing all the distributions back into reits. impossible to call a bottom but valuations are near historical lows with still strong

[Catchtherally]

We are still seeing some industrial transactions in the private market. A recent one between KKR and undisclosed buyer  https://www.reuters.com/business/finance/kkr-sells-industrial-properties-worth-over-560-mln-2023-10-02/ I think there will be buyers for the industrial and retail at the right price. Who knows about office ... 

[EstevanOutsider]

moody's warning on consumer credit degrading "quickly" last week gasoline cracks continue to collapse to covid levels in the US banks and some credit cards near 52-week lows walmart hiring warning for the holidays consumer deliquencies at multi decade highs most central banks are now dovish outside of the US i could go on a bit but feel we're there. history tends to be repeat in

[garyreins]

what does gasoline cracks refer to....? demand?

[EstevanOutsider]

gasoline crack is the profit a refiner makes off processing a barrel of oil into refined product. lower crack/profit for gasoline will reduce refinery run rates which will drive oil inventories higher. implied gasoline demand in the US is very low right now which shows consumers may be reducing their driving habits due to higher prices/credit crunch. a few weeks isn't a trend but gasoline