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.

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Artis Real Estate Investment Pref Shs Series E > Dream Offfice...

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Comment by CatchTheDipon Mar 04, 2023 3:27pm

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Post# 35319422

RE:Dream Offfice...

D has higher quality office assets, and Eglinton in a hidden monster of value in the portfolio. Take Ds NAV at $31, remove $8 for DIR holdings = $23. (Rough numbers not exact). Then take the $16 unit price, and remove the $6.80 (the mark to market value of DIR in D) = around $9.20. So today we get $23 NAV of D for $9.20. Now add in the extra $2/unit for Eglinton they expect to write it up after zoning approval soon = $25 NAV for $9.20. Again, all rough numbers, but the value is incredible. Artis should see this, focus on capturing this value for unitholders. Not focus on FCR trading at a small discount to NAV when the big money to be made is right in front of them.

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