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 > Hobbit: Bilbo Dilemma

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Comment by Frankie10on Mar 21, 2024 3:48pm

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Post# 35945713

RE:RE:Hobbit: Bilbo Dilemma

I think we sell FCR, buy Dream (moves to equity accounted with Cominar), rates get cut, and Cominar sees further FMV revisions up and the deal optics look better. I see this as Samir's path to redemption and success. He seems like an honourable man. I wish him, us, and all stakeholders the best. And I trust he will execute on behalf of all of us.

babybunny wrote: Samir's recent letter to unitholders made clear he is champing at the bit to finally go on offense.

I think after a few hundred million more in dispositions, Artis will be in position to make a play for DREAM Office, perhaps in concert with Michael Cooper. I hope Samir learned lessons from Cominar and will structure the next takeover more transparently and on more favorable terms: leave Koch Industries out of it, and ensure Artis gets its fair share of any debt or preferred shares.

Baby Bunny

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