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 > results

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Comment by InvestSmarteron Aug 02, 2023 6:15pm

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Post# 35570032

RE:results

DJ441c wrote: Affo 100 percent NAV dropping div not sustainable no confidence in the 300 Mai project

agree with sale of reit but CEO has failed completely on his plan he needs to go but Sandpiper won't remove him lookfor 6 dollars very quickly

Not concerned about the distribution. Their goal is to close the NAV gap. Cutting the distribution would have the exact opposite effect. Artis will be sold or the will split into two or three (Industrial/Retail/Office). Even if its an outright sale of $10-$12 to Sandpiper (or the highest bidder). Or, Artis sells the entire Industrial/Office/Retail portfolio then issues a SIB, but that may not close the NAV gap. We will see soon enough.

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