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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

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Post by garyreins on Feb 29, 2024 6:24pm

"Improve liqiduity"

Is the main goal that he keeps reapting. My question is "how far do you go", given we may start seeing some cuts.  Also taking out mortgages for fixed is good to pay off credit facilities.   Perhaps he is doing an orderly liquidation  of the entire reit but will not fire sale office.
Comment by ScroogeMcDuck1 on Feb 29, 2024 6:37pm
The mantra for real estate people is "stay alive till 25", and thats what I see.  No need to dump things at fire sale prices nor re-jig your entire company.  He prides himself as a value investor, which means a bit of patience and also being particular on prices.  
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