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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 > Artis buybacks filed this morning
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Comment by EstevanOutsideron Aug 21, 2023 11:47am
106 Views
Post# 35597922

RE:RE:Artis buybacks filed this morning

RE:RE:Artis buybacks filed this morning

$142 million assets held for sale + $35 million in cash = $177 million

+ $73 million of FCR units (worst case scenario?)

No burden to credit facility and eliminate of interest payments! 

Not convinced that is how it unfolds as I think he has something else up his sleeve.

 

Frankie10 wrote:

Thank you for sharing. Personally, I love the pref buybacks (buying back debt at a significant discount). That said, I hope Samir has a plan to repay the $250M debtenture coming due, without using the credit facility.

EstevanOutsider wrote: +213,366 on commons

4100 and 3100 on prefs e and i.

Fwiw, Fcr insider buy of 7800 units filed this morning too

 


 

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