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 > LISTENED TO ANNUAL MEETING Q & A

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Comment by Reece1986bon Jun 09, 2023 4:31pm

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Post# 35489242

RE:RE:RE:LISTENED TO ANNUAL MEETING Q & A

Well said Frankie. There is no reason not to pay down debt because like you said - it can always be added back again if something is worth buying. Manji is surely smart enough to realize that even industrial and retail ETFs are not trading in public markets anywhere near full NAV so it doesn't make much sense to keep any Artis assets that can be sold for full NAV.

Dundee REIT scooped up Adelaide Place for $300/foot back in 2010. Cash is king at times like this and there will surely be some very good deals to be found when the economic cycle turns.

Frankie10 wrote:
Like I said, it will be interesting to see what assets are included in held for sale as at the end of Q2... assuming we disclose the composition of assets held for sale as we have historically.

things will get very interesting should Manji decide to sell more than the publicly disclosed disposition annual target. I hope he unwinds the leverage aggressively, knowing he can ramp it all the way back up and potentially buy an huge stake in another REIT once the macro improves. I hope he dosnt lose that Q1 conference call confidence.

He royally goofed on the debt, but I still believe in his vision. Brilliant thesis, horrible timing - in a market that I don't think ever understood what he was trying to build.