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 > PMZ AND HR TRADE AT ~14.5x AFFO MULTIPLE

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Comment by CatchTheDipon Mar 03, 2023 10:47pm

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Post# 35318910

RE:PMZ AND HR TRADE AT ~14.5x AFFO MULTIPLE

HR is higher quality. PMZ is not diversified. AX has a debt problem and no clarity of their focus. If they dump FCR and focus on their initiatives, such as Dream Office and Buybacks, the market will like it. The market does not like this mess of FCR, D, 300M in assets held for sale, debt coming due, and lack of buybacks. Clean it up Mr. MANJI.

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