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 > What would I do next?

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Comment by rad10on May 04, 2024 5:21am

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Post# 36022971

RE:RE:What would I do next?

luscar99 wrote: What makes you think most investors would let them go for $21 ?
That would imply a yield of 8.3%-8.5%.

I surely wouldn't.

Especially knowing the company is solvent, on the right track and looking to buy them back.
And these shares have traded above $24 for most of their existence.

It's wishful thinking. I'm certainly not in a rush to take capital gains on these. They can redeem the preferreds at face value when they come due. Not even sure when the next reset date is. I'll dig out the prospectus.

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