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 > Dream Offfice...

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Comment by Reece1986bon Mar 04, 2023 12:23pm

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Post# 35319271

RE:Dream Offfice...

Dream Office has a lot of ways to monetize their portfolio which it took me a long time to appreciate. I think the land value on many of the smaller Dream Office Toronto buildings is probably worth more to the right buyer than the building which sits on it. Replacement cost is also far higher than the existing buildings.

SNAKEYBOY wrote: In hindsight, I feel I should have plowed more money into Dream at $15ish, right now Artis is about 5x my Dream Offfice position. The yield is about the same at D - $15/, AX - $9 and it seems Dream will have an easier time closing the gap after the Bay Office building and DIR stake sales, and is smaller market cap and doesn't have the debt issues Artis is facing.

If lady luck is on my side D.UN will go back to $15.00 and if Artis rallies hovers to $9+ I will look for the trade to even them out. Anyone else agree?

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