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

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Post by SNAKEYBOYon Jul 25, 2023 10:14pm

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Post# 35557023

SIB TIME?

Obviously they have current liquidable value of D/FCR around 220 mil+ (was 300 mil), everyone and their uncle agrees these holdings never needed to happen nor made sense when Artis always traded at a similar discount ~40% 1 year ago etc.

The question depends on whether sandpiper or Salamant investments or Manji himself want some liquidity like Cooper did. If so they can offer a firm price at $8.50ish which lets him pull a good portion of his money at break even. If they wont tender 1 share then t is a mop up to accelrate NCIB, of 12% premium to trading price at $7.80. If it doesnt get filled, oh well, let it sink back down or continue with NCIB immediately after.

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