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

Alternate Symbol(s):  ARESF | T.AX.UN | T.AX.PR.I

Artis Real Estate Investment Trust is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681-1703 Dublin Avenue; Keewatin Distribution Centre; 360 Main & Shops of Winnipeg Square; Hamilton Building; Bell MTS Building II; Grande Prairie Power Centre; Northern Lights Shopping Centre I; 2190 McGillivray Boulevard; 1431 Church Avenue; Prudential Business Park 1; 951-977 Powell Avenue & 1326 Border Street, 100 Omands Creek Boulevard, Hudson's Bay Centre, and others.


TSX:AX.PR.E - Post by User

Comment by ChupacabraBuenoon Jun 19, 2015 12:23pm
199 Views
Post# 23849033

RE:No increase in interest rates

RE:No increase in interest rates
bigbear4511 wrote:
Stock has gone nuts since the fed statement. Decided for some reason to buy in two days ago. Glad I did. Why this stock is somewhat tied to the US Fed is beyond me. Our interest rates are still super low and don't look to go anywhere until oil is at least over $80.


While the US Fed doesn't set our rates directly, Canadian rates tend to move somewhat synchronously with them over time. US Fed statements definitely move the SP on AX.un & a lot of other REITs. As the US would seem to be proceeding slowly & gradually with their rate hikes AX.un should be a great buy for you IMHO.
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