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

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

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 Oct 04, 2024 12:15pm

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Post# 36253423

Trimmed

Trimmed some AX to offset recent leverage taken on to purchase Metaplanet (a Bitcoin company I invested in and TJ mocked me for owning - which I unironically went on to realize 200% profit in roughly a quarter)...

I still hold the vast majority of common units owned at my peak exposure here, as well as multiple tranches of call options as far out as mid-2025. I just couldn't help not buying back Metaplanet and running back the BTC/JPY carry trade (100% margin) for a second time. JPY borrow rate at IBKR is sub 2% and the positive carry of REITs in the margin account make the interest expense a non-issue for me.

Cheers to the longs. Happy to have fed the NCIB for us all. Long live the yen carry trade.

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