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 > 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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