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Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s):  ARESF | T.AX.UN | T.AX.PR.I

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

Post by Frankie10on Aug 08, 2024 11:20am
107 Views
Post# 36169516

What if !?

What if !?Imagine Samir came out and announced a complete pivot to Bitcoin? We would go from trading at 0.3x NAV to 2x NAV real quick... Artis could commit to liquidating its entire portfolio in an orderly manner with a commitment to acquire as much Bitcoin with the net proceeds, and aim to increase BTC per share/unit in perpituity. Artis would then shed its REIT status, and start issuing equity rather than buying it back... just a thought that will never materialize... But a worthwhile thought experiment nonetheless to understand how differently the market is currently viewing real estate assets versus Bitcoin. What a fascinating time to be a risk manager.

Anyways - back to reality - earnings tonight. I am planning an open discussion on Twitter to discuss Artis tonight and would love the opinions of stakeholders here in terms of what they are focused on tonight - is it AFFO, debt metrics, dispositions, occupancy, or something else?
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