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 > call summary

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Post by EstevanOutsideron Mar 01, 2024 1:28pm

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Post# 35909750

call summary

-cominar still paying in units but that could change by next year as cominar is in discussion with lenders which may allow for full or partial payment on the maturing pref

-exploring growth opportunities that manji thinks can grow ffo & lower the payout ratio

-in active discussion with more asset sales to reduce leverage and bolster liquidity

-all mortgages are full recourse

-no trouble refinancing

- expects $10 million NOI from 300 main on a stabalized basis

-300 main @ 70% occupancy on 1st half, 2nd portion to be released soon

-- expects rate to come down, which will be helpful on variable debt

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