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 a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681-1703 Dublin Avenue; Keewatin Distribution Centre; 360 Main & Shops of Winnipeg Square; Hamilton Building; Bell MTS Building II; Grande Prairie Power Centre; Northern Lights Shopping Centre I; 2190 McGillivray Boulevard; 1431 Church Avenue; Prudential Business Park 1; 951-977 Powell Avenue & 1326 Border Street, 100 Omands Creek Boulevard, Hudson's Bay Centre, and others.

TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > Useful link for preferred shares

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Comment by babybunnyon May 27, 2024 5:35pm

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Post# 36059434

RE:RE:RE:Useful link for preferred shares

Thanks luscar99, that article provides an excellent explanation for the swoon in rate resets a year ago. I did not understand the underlying cause of the fire sale at the time ... I was too busy shopping!

During such sales I am always partial to lower-priced names, those trading in the $9-$14 range. These have the potential for a long stretch of gains should rate resets come back into favour. Shares trading closer to $20 often seem juicier, but I eschew them as their upside is capped at $25.

ENB.PF.G was my favourite a year ago, and has since bounced from a $13.xx to a $17.xx handle, with plenty of room to run.

AX.PR.E was another top pick at $16 ... a little pricier than I like, but with a strong catalyst (anticipated buybacks).

Baby Bunny

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