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

Alternate Symbol(s):  ARESF | T.AX.UN | T.AX.PR.I

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

Post by SNAKEYBOYon Jun 10, 2023 12:55pm
231 Views
Post# 35490010

Artis

ArtisCould theoretically have 500 million in liquidity with cominar shares redeemed (100 million) and fcr/d at aggregate 350 million liquidity and 50 million in net proceeds from asset sales. That's immediate liquidity at some point in 12 months
Market cap is 760 million... with half of that in retails hands.  I would say getting that cash at par even no profit to them could buy out the reit or redeem most Preferred shares. 
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