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

RE:NO CONFIDENCE & BAD STRATEGY

[junglejames]

You do realize that along with the new "Business Transformation Plan" managment is also in a conflict of interest as they make money everytime they acquire units in other public REITS on behalf of Artis.  And they continue to get paid for subquent years, even if they do nothing else.  Note too that the wording in the notes is not clear if the fees are based on the market value or the book value of the units purchased.  In the past quarter alone, the fees to Sandpiper were $446k.  

From the latest financial statements:






At December 31, 2022, Artis invested in equity securities with an aggregate fair value of $316,768. This includes equity securities of Dream Office Real Estate Investment Trust , where, together with its joint actors, Artis acquired a 14% ownership position. This also includes equity securities of First Capital Real Estate Investment Trust where, together with its joint actors, Artis owns approximately 9% of the outstanding units.