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

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Post by Frankie10on Jun 19, 2024 10:17am

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Post# 36095806

HR as a comparable

HR REIT is the best comparable reit there is for Artis... not a lot of CDN reits to choose from... I have in the past broken down HR by asset type and compared it on a component basis to similar portfolios of pure plays... but that's not ideal either...

all this to say - if others are looking at HR as *the* comparable for Artis, the way I do... that dislocation has only widened recently.

I have rolled a decent chunck of my Artis which was purchased at or below $6 into HR this week... very curious to see how this pair trades moving forward. I still hold a core position in Artis along with my aforementioned call options. These are still by and large by #1 and #2 reit holdings.

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