RE:ARTIS LEADING BY 53 CENTSTrading was pretty heavy today. Not sure why share price lagged the other REIT's like Riocan as all REIT's will be impacted by the increase in interest rates. For now, just putting it down as noise.
Artis is not the same at all though so I don't know if it's fair to compare - Artis is acting more like a real estate hedge fund, not a regular REIT.
When I look at the last few days, H&R is down 2.2% vs. negative 3.3% for Riocan and 2.9% in the XRE index. So it's trading comparable right now. Let's be patient for now until the next earnings release.