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 > Bought More

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Comment by EstevanOutsideron Jul 25, 2023 7:17pm

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Post# 35556838

RE:RE:RE:RE:Bought More

Have to think he plans to retire the looming debenture with either the disposition proceeds or the refinancing noted in Q2. If you mean the prefs he is buying them back but is limited to how many people are willing to sell them below face value. Would love to see a SIB at $8 if asset sales are going well. Would be killer for my Artis calls!

InvestSmarter wrote:

SNAKEYBOY wrote: Good part of d tender is tax bill.... guess they got time to worry about it. If they were to do A SIB what price is manji waiting for? 6.50?

SIB @ $8.00. But I believe Manji needs to focus on paying down short term debt and buying Debentures before buying back commons.