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 > $5.95!

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Comment by Sunsurfer12on Feb 27, 2024 1:49pm

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Post# 35901907

RE:$5.95!

I actually bought some more today..at todays prices yield is too high..recognize there is a risk of divvy cut but end of day, divy cut would just accelarate NCIB when were trading at ~60% discount to NAV.. so having more NCIB might actually be welcome..plus the divy cut risk is, i think pretty much fully baked in after Dream cut etc..my worst case scenario for Thursday is a $0.01-$0.02 divy cut which is just used for more NCIB and stock reaction will be largely muted.may even be a rebound as the discount is just too large..im positive on mid term outlook.so wheter today is rock bottom or not, i know were trolling at the bottom..

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