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 > Winnipeg Industrial: The Next Investment Frontier

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Comment by Reece1986bon Jun 13, 2023 11:30am

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Post# 35493736

RE:RE:Winnipeg Industrial: The Next Investment Frontier

I think it would make a lot of sense for Samir to unload all industrial properties. Even if Artis wants some industrial exposure, they might as well have that through an industrial REIT like DIR.UN which has been extremely stable around $14/unit and they can then sell that off very quickly if they want liquidity like Dream Office did to fund their SIB when the time was right. Physical real estate is a multi-month process to sell so it would not provide Artis with the ability to rapidly profit from a market dislocation the way having public market investments like DIR.UN allowed Dream Office to quickly act.

SNAKEYBOY wrote: I dont think Manji based on his past actions is against unloading all industrial to pay down high debt and use the funds to go after more depressed public securities. The composition of artis isn't pretty if this is done but the discount on office and some retail is pretty high

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