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 > NCIB - Pref Buybacks?

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Post by borne2runon Aug 29, 2023 11:35am

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Post# 35609900

NCIB - Pref Buybacks?

Looks like Artis re-purchased over 60k of preferred shares late Monday. Two transactions, one each for the E and I series, at $17.02 & $17.04. Dividend yield is above 10%.

Good deal for both common and pref holders. Not so great for the sellers.

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