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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 Aug 02, 2023 8:12pm
110 Views
Post# 35570200

Manjis fatal error

Manjis fatal errorHe bought cominar and public securities at worst time possible.  It'll take years and lower rates for artis to fully turn it around, but he's now in save face mode and would also like his holdings to gain back the capital losses.  My base case is that nothing material will come out of strategic review and still a slow grind up,  but I do think there's a chance he delivers or finds a buyer. The macro picture next few months needs to play favorably 
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