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.

TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > 63 million

<< Previous

Bullboard Posts

Next >>

Comment by Reece1986bon Mar 04, 2023 12:26pm

48 Views

Post# 35319274

RE:63 million

It's absolute nonsense to not max out the NCIB of a REIT trading at half NAV. I fully agree with you SNAKEYBOY.

SNAKEYBOY wrote:
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!!!!!!!!!!!!!!!!

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale