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Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s):  ARESF | T.AX.UN | T.AX.PR.I

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.


TSX:AX.PR.E - Post by User

Post by SNAKEYBOYon Mar 04, 2023 12:09pm
151 Views
Post# 35319257

63 million

63 million
Is the magic number to MAX out the NCIB and cancel 7 million shares at $9.00 average this year, which may be the case as there's  no catalyst to drive this above $9.00 anytime soon post-downgrades/delisting.

4 billion worth of assets on paper and  63 million is all they need.  At this point I would even welcome a distribution cut to fund it!!!!!!!!!!!!!!!!
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