Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:RE:Evanstounder

[EstevanOutsider]

Thanks for the back up. Agree I am not realy a contrarian for the sake of contrarian. Prefer to buy at cycle lows. Being a bit early was the price I paid but still would have been more under had I not sold most of my oil and gas stocks at peak Ukraine-Russia war in 2022! 

As for that inflation data, it seems the Canadian-European market is decoupling regardless. My only real concern to the Fed rate was with Artis, but that appears to be greatly derisked with significant asset sales which I presume should be used to mow down variable rate debt exposure.

H&R just got 5-year unsecured debs @ 5.4%. Don't see why Artis can't with recent leveraging.

I really think the market could start to overlook these PCE to the downside, as I don't think the market can sustain 5% + rates without causing pain to stocks which should benefit bonds.

With everybody thinking higher for longer and 'strong unstoppable US economy' I think the upside is too lower than expected inflation data and bullish bonds on any negative macro reports, which could benefit REITs which are more correlated with bonds even if stocks do poorly.