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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

Real Estate REIT - Diversified
Artis Real Estate Investment Trust is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681-1703 Dublin Avenue; Keewatin Distribution Centre; 360 Main & Shops of Winnipeg Square; Hamilton Building; Bell MTS Building II; Grande Prairie Power Centre; Northern Lights Shopping Centre I; 2190 McGillivray Boulevard; 1431 Church Avenue; Prudential Business Park 1; 951-977 Powell Avenue & 1326 Border Street, 100 Omands Creek Boulevard, Hudson's Bay Centre, and others.


TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > Consistent write downs in NAV
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Comment by Frankie10on Aug 16, 2023 9:34pm
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Post# 35592149

RE:RE:RE:Consistent write downs in NAV

RE:RE:RE:Consistent write downs in NAVI was just about to say - if they don't sell more assets, that $250 will be drawn from the credit facilities. I hope you are correct sir that more assets will be sold to cover the repayment and credit facilities can remain where they are or lower (wishful thinking). As it stands, there isn't enough assets held for sale to cover the debenture repayment. And Artis dosnt put assets sold but not closed in assets held for sale... they put assets they WANT to sell in assets for sale.

can't stress enough - my least favourite part of Q2 earnings was that they literally made ZERO progress on asset sales after the huge PR - made me want to puke i was so disgusted. 
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