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 > Does this make sense?

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Comment by garyreinson Oct 20, 2023 10:51pm

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Post# 35694210

RE:Does this make sense?

The premise is with just crystalizing the full industrial portfoilo value they can basically buy out half the float via a strong SIB ($10) and have 400m to buyback preferreds or credit facility.

The only issue is you are left with a 75% office reit, 25% retail, and the public securities + cominar, and who knows what that'll trade at. But at least it makes the reit smaller for a fuuture priviziation and more floating debt eliminated

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