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.

TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > Dividend cut coming ?

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Comment by EstevanOutsideron Apr 23, 2024 10:37pm

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Post# 36004396

RE:Dividend cut coming ?

highly doubt that. artis likely sold nearly $1bn of assets since december.

hence, they can kill the floating rate debt exposure pretty easily here.

they also bought a ton of prefs and commons which reduces distribution outflows

also, recyled asset capital into dream office which also pays a distribution.

td reit coverage is very very poor quality.

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