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

Please vote!

[garyreins]

Do we see the NCIB resume this week ?. given that earning blackout is over and asset sales are essentially ongoing all the time and shouldnt be criteria.

At this point not swapping the FCR investment at $15-16 for artis at $5-6 is definitely saying a lot about what manji thinks this trd is worth!!! 5.5-6% yield for FCR versus 10-11% for arrtis that massive savings

[EstevanOutsider]

I think he still under blackout as he noted they were in active discussion on asset sales.

[garyreins]

That didn't stop it from running last year.  Plus that's usually automated with criteria which gives them the green light to buy whenever

[ScroogeMcDuck1]

Question... why have the metrics declined , like payout ratio and nav?  Is this because the asset sales have not been applied to reducing debt yet?  Like I see the asset sales happening but nothing improves.  How will the payout ratio improve and why has it worsened since last quarter?  The rent renewals are up and the occupancy is stable.  Can you spell out the moving

[Frankie10]

I would be happy to explain. There are many moving parts so I will answer simply and directly. Vacancy was flat, and SPNOI increased slightly, however this was offset by our Series D senior unsecured debt maturing on September 18, 2023. The series D had an interest rate of 3.8% - very low - and given the maturity was at the end of Q3, the negative impact of paying this cheap debt using much more

[ScroogeMcDuck1]

Thanks, i just made a twitter account and followed you.