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.

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Artis Real Estate Investment Pref Shs Series E > A lot to do about not so much!

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Comment by babybunnyon Sep 25, 2023 12:05am

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Post# 35651602

RE:RE:RE:RE:RE:RE:A lot to do about not so much!

Thanks for your thoughts on this DZ, likewise always welcome and respected. Sorry for going a bit too far in my characterization of your position ... at least we both agree asset sales are needed to tame the debt crisis.

As for repurchases, the reason I want them has nothing to do with the short term unit price; rather, the purpose is to steadily increase NAV per unit so when the REIT market does finally perk up, there is more upside. It seems counterintuitive to sell assets when a rebound is expected, but you must not forget that you will own a much bigger slice of a slightly smaller portfolio after the repurchases, funded by asset sales, have been completed.

Cheers

Baby Bunny

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