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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

TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > Due for a Strategic Review or Updates
View:
Post by InvestSmarter on Oct 04, 2023 6:50pm

Due for a Strategic Review or Updates

2 Months and units down 15%. 

Debentures must have been paid out?
Asset Sales?
Pref Reset Confirmation Announcement?
Interested Parties?
Any major leasing updates that can be announced?

Management is slipping in keeping unitholders up to date at such a critical time. How is the lack of updates beneficial to unit holders? If this was Samir, he would go activist in requesting updates while the unit price continues to take a hit and now lagging other REITs in the recovery so far. No NCIB running. so do better Samir. You are letting us unitholders down with your silence.
Comment by garyreins on Oct 04, 2023 7:27pm
Agreed. Wiith  NCIB expired and a possible weak Q3 quarter with AFFO, he knows if he comes up short it will not be good
Comment by EstevanOutsider on Oct 04, 2023 7:38pm
Cooper probably wants to take it private. Dream Office is trading at $270 psf. He was buying closer to $30s in recent years. Downtalk it and part if out with Sandpiper when sentiment improves and rates fall. It's trading below its land value.
Comment by garyreins on Oct 04, 2023 8:15pm
They just attempted to tender 100% of their holdings at $15.5 SIB...and unless they were in discussions to take it private right now and therefore have material info, there's nothing permitting them from accumulating down here first.  Who knows why they arent buying but it sounds like his bearishness on office is legit
Comment by EstevanOutsider on Oct 04, 2023 8:37pm
Dream did that because they know it wouldn't be filled 100%. Dream Unlimited is also trading at a massive NAV discount (I think comparable to Dream Office) and it is the pride and joy of Cooper. They also started buying Dream Office again after that but abruptly stopped. The facts are Cooper's world is falling apart and he's bombed all of his REITs including residential. He needed ...more  
Comment by borne2run on Oct 04, 2023 9:44pm
Anyone catch Rick Santelli on CNBC this week? Says the US 10 year "could" reach 13% - 14% within the next 7 years. IF that happens, bye bye REITs, unless rental income increases at the same pace. Martin Pelletier on X: "This is excellent. The Fed kept a beach ball under water for way too long with near zero rates and it’s now unwinding. Know which sectors are exposed. https://t ...more  
Comment by InvestSmarter on Oct 04, 2023 10:16pm
Peter Schiff says gold will hit $10,000 and Donald Trump says the war would end in days if he was president. The market also expected an ADP report of 160,000 and got 89,000. Fact is, it's all guessing. And Rick said he doesn't think it will hit 13-14%, but it could. Rates could also hit 2% before it hits 6%. 
Comment by garyreins on Oct 04, 2023 10:20pm
The stock market and economy will crash if the 10 year hit 5%......anything higher and the banks go bust.  Bank of america sitting on huge bond losses of 150b+
Comment by borne2run on Oct 05, 2023 9:18am
Re:  "Fact is, it's all guessing." First, I did write "could", not would;  even had the word in quotation marks. Rick didn't say what he believes will or won't happen.  He referenced his monthly chart, which now has a target in the teens.  Short term, the rates are "burning to the upside". NO, it is NOT all guessing.  Rick has ...more  
Comment by jmkOttawa on Oct 04, 2023 8:22pm
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