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 > Fire Sell office and SIB it up

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Post by garyreinson Dec 30, 2023 1:13pm

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Post# 35805194

Fire Sell office and SIB it up

Does anyone not get the math that if you disposed of 600m of office (7.5% cap rate) for half off 300m (>10% cap rate) then offered a SIB for 37.5m shares for 8 bucks the nav would remain unchanged at $15. Sure don't fire sale for sake of it but take a big hit if needed and recoup that value. Seems like a safe outcome that completely hedges any downside. I'm surprised manji didn't do this already to be honest. Then u have a pure industrial reit after retail goes with 15 nav and likely 12 sp.

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