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

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Post by ace1mccoyon Mar 04, 2022 8:22am

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Post# 34482313

Small Caps to Watch - G&M

Artis Real Estate Investment Trust (AX-UN-T +0.53%increase ) reported fourth-quarter revenue of $97.7-million down from $113-million a year earlier and below expectations of $99.1-million, according to S&P Capital IQ. Net income of $60.4-million compared to net income of $32.4-million a year earlier. Funds from operations (FFO) came in at $40.3-million or 32 cents per unit versus $45.8-milion or 34 cents a year earlier. Adjusted FFO was 22 cents versus 23 year a year earlier. The expectation was for Adjusted FFO of 24 cents per share.

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