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.

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Artis Real Estate Investment Pref Shs Series E > 3% div. increase after a 50% cut is a slap in the face

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Comment by warrenbluffiton Nov 09, 2020 11:43am

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Post# 31863099

RE:RE:RE:RE:RE:RE:RE:RE:3% div. increase after a 50% cut is a slap in the face

I belive it is for tax basis as well as diversify REIT's are trading at a higher dicount so as of right now no or little value it has be giving to their retail. Anyway I think we should be carefull what we wish for here.. again Sandpiper interest and ours do not align.
When Sandpiper claims they can reduce G&A by $25M without having any knowledge of it, that they can increase distribution by 10% again just based on high level numbers, quit all business with the related party, I am no genius but I am sure stopping a construction of a 40 storey building and bringing somebody else to finish in the middle of it will cost us a few million dollars and a lot of time. In summary I hate politicians and his presentation sound very much like a political candidate to me with very little basis.At least the whole market is getting better and hopefully we get bacl to pre Covid levels. Good luck to all!

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