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 Frankie10on Mar 15, 2024 12:49pm

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Post# 35935203

RE:RE:RE:RE:RE:RE:RE:RE:Curious

Thanks for your input guys. I built a model that calculates the change in NAV as a result of buybacks based on this discussion.

Using the following inputs: max NCIB at $6.5 (com) and $17.5 (pref); SIB1 for 15% of o/s at $7.5 (com) and 20% of o/s at $18 (pref); and, SIB2 for 20% of o/s at $9 (com) and 30% of o/s at $20 (pref).

I get a NAV of $17.74 pu.

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