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.

TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > REIT SELLOFF

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Comment by EstevanOutsideron Nov 21, 2023 8:21pm

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Post# 35747578

RE:REIT SELLOFF

Thought it would be a geren day as well as inflation data came in good for Canada, bond yileds went down and US housing sales were weak triggering more recession indicators. Overall it's hard to predict day-to-day movements into tax loss selling season which likely in the coming weeks becomes "tax loss buying" as investors seek out opportunities. With GIC clarity likely to weaken I think investors will be drawn into higher yield instruments like REITs. Could be a hold out until January but overall I believe the bottom is in. Risk dissipated to REITs with rates now moving lower and likely close to a cut cycle in Canada and inflation is coming down meaningfully.

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