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 > Curious

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Comment by Torontojayon Mar 14, 2024 4:26pm

70 Views

Post# 35933535

RE:RE:RE:RE:Curious

Frankie10 wrote: Love this. Thank you so much for posting this. Safe to assume same % increases for AFFO and FFO per unit?

The math gets even more interesting when you do 20% of the outstanding at a 57% disocunt to NAV (current discount) - my base case.

great post!

Let's use a concrete example to help try to make sense of the current situation.

Nav = $100m, total units = 10m

Nav/share = $10

The company retires 2 million units or 20% of the shares outstanding at $4.3/share or a 57% discount to Nav/share

New Nav = $100m - 2m*$4.3 = $91.4m

Total units = 8m

Nav/share =~ $91.4m/8m =~ $11.425 which is a 14.25% increase from $10.