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.

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Artis Real Estate Investment Pref Shs Series E > Warren Buffet hoarding cash

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Comment by nedstar71on Nov 03, 2024 12:04am

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Post# 36294059

RE:Warren Buffet hoarding cash

Selling Apple is a wise decision. Innovation has peaked. Their technological advantage has eroded and it's basically becoming more like a commodity in some repects. Yet the stock just powers higher and higher.
I'd be dumping it as fast as the market would allow too. Indeed though, I suppose the more interesting thing to note is he isn't in any rush to redeploy it. That being said with markets at all time highs not really that surprising.

Torontojay wrote:
A very wise man that is still very sharp even at his age.

OMAHA, Neb. (AP) — Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway's assorted businesses without finding any major acquisitions.

Berkshire said it sold off more Apple shares in the third quarter after halving its massive investment in the iPhone maker last quarter. The stake valued at $69.9 billion at the end of September remains Berkshire's biggest single investment, but it has been cut drastically since the end of last year when it was worth $174.3 billion.

Berkshire said Saturday that investment gains again drove its third quarter profits skyward to $26.25 billion, or $18,272 per Class A share. A year ago, unrealized paper investment losses dragged the Omaha, Nebraska-based conglomerate's earnings down to a loss of $12.77 billion, or $8,824 per Class A share.

Buffett has long recommended that investors pay more attention to Berkshire’s operating earnings if they want to get a good sense of how the businesses it owns are doing because those numbers exclude investments. Berkshire’s bottom-line profit figures can vary widely from quarter to quarter along with the value of its investments regardless of whether the company bought or sold anything.

By that measure, Berkshire said its operating earnings were only down about 6% at $10.09 billion, or $7,023.01 per Class A share. That compares to last year's $10.8 billion, or $7,437.15 per Class A share.

The four analysts surveyed by FactSet Research predicted that Berkshire would report operating earnings of $7,335.11 per Class A share.

Berkshire's revenue didn't change much at $92.995 billion. A year ago, it reported $93.21 billion revenue. That number was ahead of the $92.231 billion revenue that three analysts surveyed by FactSet predicted.

Berkshire owns an assortment of insurance businesses, including Geico, along with BNSF railroad, several major utilities and a varied collection of retail and manufacturing businesses, including brands like Dairy Queen and See’s Candy.

https://ca.yahoo.com/finance/news/warren-buffett-sitting-over-325-130750295.html