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 garyreinson Jun 22, 2024 10:18am

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Post# 36101460

YESTERDAY

I dont see the utilities ETF XUT, markets, bonds, or vnq do anything but be flatt-ish in fridays trading, and yet every canadian reit is down 1% at least with some as up to 3% (prv got spanked), capping a 11 day route that saw HR dive 15% and others.

I do think its the capital gains tax as I saw an instagram post when it happened suggesting thered be a rush of sellers. Now just because some names are down and dont have any "capital gains", the MM and shorts just did a en-carte full stop short of the entire sector because the algos are tied, so it isnt necessarily "selling pressure" but the shorts taking the market down to force those that want the capital gains rate deadline to flip their shares cheaper.

dont be giddy if artis hasnt fully bended over yet, I notice all my reits going in that direction and they dont always h appen on the same day!

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