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 > Seeking ALpha headline

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Comment by Catchtherallyon Dec 28, 2023 1:25am

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Post# 35802205

RE:RE:RE:RE:RE:RE:Seeking ALpha headline

If assets are sold at 7% cap rate then debt has to be canceled at higher interest rate than 7% to be affo accretive. This also doesn't happen simultaneously. Most likely income from assets will before the proceeds can be recycled into affo accretive initiatives

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