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 > PIECES OF THE PUZZLE

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Post by garyreinson Dec 14, 2023 10:00pm

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Post# 35785946

PIECES OF THE PUZZLE

Lets not forget the handy work investsmarter did for us a few months ago:

Quote:
"At September 30, 2023, the REIT had seven office properties, two industrial properties, one retail property, one parking lot and one parcel of development land located in Canada and four office properties located in the U.S. with an aggregate fair value of $269,372, classified as held for sale."

Now we learn big Canada western retail portfoio is for sale- another 200-300m comprising of 17 properties

By the time all the go unconditional and/or close could be end of 2024......is the strategic review outcome going to depend on just waiting until ~500m is crystalized? Or do they privatize it now while SP is very weak for $10, then have those asset sales mitigate risk so they own a heavily industrial reit?