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 > Preferreds

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Comment by Reece1986bon Apr 29, 2023 11:09am

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Post# 35420756

RE:Preferreds

I believe the one trading at $16.60 - AX.PR.E - has its rate reset at September 30th 2023. No way to know what that one might yield at that time. There is also AX.PR.I. That is trading at $20.20 at present and pays a 6.993% distribution on the $25 par value but you would be buying for around $20.20 so more like an 8.5% yield. I have thought about it.

SNAKEYBOY wrote: Is this correct they trade at $16.60 and have $25 redemption value with a super high dividend? If thats the case why own the common units with similar upside and less risk

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