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 > STRATEGIC REVIEW

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Comment by Reece1986bon Sep 08, 2023 4:28pm

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Post# 35626881

RE:STRATEGIC REVIEW

I think today's price action on Dream Office makes it very clear why it has been a mistake and continues to be a mistake for Artis to hold off selling what they can because they think there are better days ahead. The FCR position can still be sold at a reasonable price -- not as good as could otherwise have been obtained earlier this year but certainly a better price than can be had with the Dream Office position.

The same can be said about the other Artis assets. With every passing day there is the chance that the market turns down and not up. The industrial and retail assets can still be sold for good prices. Artis needs to improve their balance sheet now. They do not have the luxury of time.

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