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 > Frankie

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Comment by Frankie10on May 03, 2024 8:10am

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Post# 36021190

RE:Frankie

I have dispositions to close during Q2 at roughly $690 million. No need to over analyze financials that will materially change within a quarter. Business is solid. Valuation opportunity remains obvious. Patience at this point is what is required. Only $25M of the total $760M proceeds from disposition have been invested. As implied above, only a small percentage of the dispositions announced to date closed as at the end of Q1. Samir cannot spend what he dosnt yet have. As noted in the subsequent event, $130M unlocked during the first month of Q2. I think we are just getting started. Cheers.

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