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 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

Artis Real Estate Investment Pref Shs Series E > 11.00 Target ???

<< Previous

Bullboard Posts

Next >>

Comment by HermannHalleron Jun 21, 2021 7:11pm

139 Views

Post# 33424904

RE:RE:RE:11.00 Target ???

The Artis IFRS book value went up $1.51/unit with this announcement. But the stock only went up 58c, so it's trading at a bigger discount to NAV now, even after today's move!

Using March 31 IFRS, plus the increase from this sale, the new IFRS is $16.85, and the stock is trading at a 30% discount.

My point is, they should not invest in any other REIT until they have shown they can close the discount on their own business. I think mgmt understands that, and will continue to be active on the NCIB.

<< Previous

Bullboard Posts

Next >>

BCG-Unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma-In-Situ: A Patient's Guide