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 > Does artis really have a "ton" of cash?

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Comment by Reece1986bon Feb 05, 2024 11:11am

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Post# 35863041

RE:Does artis really have a "ton" of cash?

I don't think the FCR stake makes any sense in light of where Artis units are trading. There should be plenty of money to run the NCIB without even touching proceeds from retail property sales merely by selling the FCR units.

garyreins wrote: Net proceeds from retail was ~160m, FCR sales if they happened ~100m. 260m. Their floating/high debt stack was almost 800m last time I checked. Hes definitely in a better position to turn on the NCIB if needed, but would need 500m of liquidity to be laughing

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