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

THE ARTIS STORY WILL END IN 1 OF 2 WAYS

[garyreins]

Manji, despite his best efforts, will not be able to raise AFFO, ultimately needing to cut the dividend which sends unit price to $5.00 and even if REITs come back a bit, might top out at $6-7 with a 6% dividend. Coupled with huge office NOI %.  A cr@ppy ownership of a big office reit with a low dividend .Big capital losses for the LONGS.  

Manji bumps AFFO to cover the dividend and the rate cuts propel REITS and NAV up 20% from current levels.  I like to think its as simple as this and frankie thinks, but given what weve seen with 2.5 years of CPI and office headwinds its looking rather bleak