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 > Scotia cuts as well

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Comment by Catchtherallyon Mar 04, 2024 9:09am

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Post# 35912880

RE:Scotia cuts as well

No bull case until rates come down. A 100bps cut would bring affo to .22 per unit. On an annual basis this is .88 which would make this a $8.8 unit price based on same affo multiples. In other words, ax will rocket when there is rate cuts. In the meantime they can sell some properties to buy back their own stock to help boost ffo.

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