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 > RBC Q3 Preview this AM 43% upside

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Post by Incomeon Oct 23, 2023 9:18am

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Post# 35695953

RBC Q3 Preview this AM 43% upside

Understanding many here discount the information the banks provide. Hwoever it is relevant to how the market thinks about relative performance against these (and other) expectations.
They rate Artis as SP with $8.00 target. 43% upside.
Have the REIT trading at a 10% cap rate veresus and RBC cacluted 7.7% cap.
Looking ahead to 2024. FFO is essentially flat at $1.12 per unit.and AFFO growing from .69 to .73.
FWIW.

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