I already rotated 30k in Artis to HR past monthIn 2026 I know exactly what HR will look like:
- 60% residential
- 25% industrial
- 15% mixed-use
Or something around that based on the top of my head (its all in their investor presentation)
At that time, I expect they might even split it into 2 REITS and those entitis will trade at a small discount to the NAV like asset-class favorable REITS do. In other words, potential for 60% capital gain in 3 years.
This clarity was always lacking with Artis, its a mixed bag of a bunch of stuff, and now office that is overweight, and in winnipeg/miinnesota not very enticing.
Artis needs to pull some magic while HR simply needs to stay the course and incrementally get their asset allocation to levels they desire by 2026.
I