TSX:AX.PR.E - Post by User
Comment by
EstevanOutsideron Apr 04, 2024 10:54pm
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Post# 35971870
RE:SEEKING ALPHA ARTICLE Artis REIT: Should You AX It From Your
RE:SEEKING ALPHA ARTICLE Artis REIT: Should You AX It From Yourno disrespect to this guy but he has a lot of work to do. not just on artis but his other reits he reports on. feels like the article is written by a computer analyzing basic information.
can u really have a view on artis without covering the new $175 residential condo complex ($10 million in NOI annualized) or consider the $244 million cominar preferred. i don't think so.
just add +$175 + $244 = 61% of the market capitalization from those two items alone.
and he's saying artis rents are going to decline on the industrial side when they've grown spnoi consistently in that space. lol.
artis story is tough to understand. anybody can read a balance sheet and make conclusions.