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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

TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > Key blurb about selling industrial
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Post by garyreins on Feb 29, 2024 6:01pm

Key blurb about selling industrial

" The REIT is continuing to evaluate opportunities relating to the sale of additional retail, office, and industrial assets, with a focus on the industrial portfolio, in its efforts to further deleverage and strengthen the balance sheet, grow NAV per unit, and enhance liquidity"

Great so we may be left with an office reit lol!!!!
Comment by jmkOttawa on Feb 29, 2024 6:06pm
Not a laughing matter Gary. Industrial can be sold for top dollar to reduce debt. Office will recover and the time to sell it is not when it has to be given away. You are a smart guy- you know that.
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