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

RE:Business UPDATE NR from AX.UN = Copy

[perplexed01]

2 thoughts -

 100- 87.6% collected in may =12.4% lost revenue.  my own experience with apartment buildings was that about 50% of rents are gross profit so if ax has similar numbers then they are down around  25%.

  if there is improvement from here with many tenants re-opening their doors then divy should be safe and SP should start to recover - especially if NCIB is reinstated.  but it's ironic that anyone who panicked and sold into the lows after the last dividend cut  would be way ahead now!  for reference i see the US S&P 500 down less than 12% while we ax shareholders are down some 45% from the march high