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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

Real Estate REIT - Diversified
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 three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.


TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E
Bullboard Posts
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Comment by jdeis2on Jan 16, 2017 6:42pm
287 Views
Post# 25715038

RE:RE:Smart to cancel DRIP mgmt sees

RE:RE:Smart to cancel DRIP mgmt seesLooks  to me like they are very confident on their cash postion for the foreseeable future.......On the last mgmt call after earnings, they said they had 5 office buildings in Calgary under contract (although none were firm sales at that point) and at prices that were very close to NAV or book value.......sounds like they have had success with this Alberta divestature plan and no longer require the assistance of the DRIP program to cushion the monthly cashflow from the distributions. 

I view this as extremely positive that they have gotten rid of this financial crutch as it is quite dilutive (although I had all my distributions roll into new shares, but glad to hear they don't require it anymore) .....Look forward to there next earnings call and mgmt discussion as to their progress of their plan
best of luck to all longs
Jim

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities