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

RE:RE:Thank God

[DZtrader]

Hey Este, nice to hear from you. While we are no longer in the infancy stages of this reit move, I do believe we are still in the early enough innings and have a fair bit of runway left. I added to one position the other day but arguably a bit harder to find entry points right here. I think for the most part we have done pretty well during a weak period however it is not over yet either. I just don't see what derails it here (but I guess you really never do until it hits you). Canada for all intents are purposes already in recession, U.S. skirting with one but managing thus far, aggressive rate cutting cycles underway, assets going back up in value while MM yields dropping, sector just starting to get some love and looming debtwall perhaps not looking quite as ominous as even a few months ago. I get the technical side of RSI's but coming from where we were that's just something market participants are going to have to get used to, might just stay in an elevated range for the foreseeable future. Nothing goes straight up (hopefully), there will be chop but someone's going to have to do better than elevated RSI to get me to pull the trigger en masse. Take care,

DZ