TSX:AX.PR.E - Post by User
Post by
thenewsnakeon Nov 29, 2023 9:34pm
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Post# 35760139
Everyone expects failure
Everyone expects failureI dont think anyone here, other than perhaps investsmarter, believes Manji will succeed in his mission. Unless there's a major commercial real estate reckoning in 2024 with the market being hot again, in which case, artis unit price would rip regardless.
Artis is now a contrarian play perhaps.
Applying the same 9x AFFO multiple as HR reit, AX = $5.40.
Scary stuff.