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Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s):  ARESF | T.AX.UN | T.AX.PR.I

Artis Real Estate Investment Trust is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681-1703 Dublin Avenue; Keewatin Distribution Centre; 360 Main & Shops of Winnipeg Square; Hamilton Building; Bell MTS Building II; Grande Prairie Power Centre; Northern Lights Shopping Centre I; 2190 McGillivray Boulevard; 1431 Church Avenue; Prudential Business Park 1; 951-977 Powell Avenue & 1326 Border Street, 100 Omands Creek Boulevard, Hudson's Bay Centre, and others.


TSX:AX.PR.E - Post by User

Post by InvestSmarteron Dec 22, 2023 10:20am
147 Views
Post# 35797607

Important Note to All Artis Investors: 700M+ In Asset Sales

Important Note to All Artis Investors: 700M+ In Asset Sales

I noted last week Artis was putting ALL retail assets up for sale (excluding ~300K feet), not just 1M square feet. This sale along with the Avision Young news release further confirms my last post that Artis is listing for sale about 1.5M in retail square feet valued  (including some office) at $700-750 Million.

You can read my last post here which more details:

https://stockhouse.com/companies/bullboard?symbol=t.ax.p.e&postid=35785979


The Western Investor Article excluded Sunridge Spectrum, Sunridge Pointe, Crowfoot Villate, and Crowfoot Corner from their news release. This adds up to  293,660 sq Feet in today's calgary release. It also did not mention Manitoba retail properties, which were just announced today. 

Today's Release
"four properties located in Calgary, Alberta, totalling 293,660 square feet"

Last Week's Release
"It does not include its four holdings in Calgary, including Crowfoot Corner, Crowfoot Village, Sunridge Pointe and Sunridge Spectrum, all located in Calgary."


https://www.westerninvestor.com/british-columbia/artis-reit-puts-western-canada-retail-portfolio-on-the-block-7980894

A couple people argued incorrectly they are just selling 1M in retail, which by adding up the pieces, was as I noted was incorrect. Now hopefully they will understand the truth.
 

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