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.

TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > THE REIT MANJI SHOULD HAVE WENT AFTER

<< Previous

Bullboard Posts

Next >>

Post by garyreinson Nov 04, 2024 11:10pm

28 Views

Post# 36296406

THE REIT MANJI SHOULD HAVE WENT AFTER

In my opinion, BTB. .097 x 4= 0.388/ $3.5 unit price = 11% AFFO yield. <200m market cap. Good mix of industrial, retail and office assets. If he started acquring it when it was $2.90-$3.20 and built a 20% position he could have taken it out for implied 7-8% cap rate. Manji's public security strategy should have involved small cap reits, not the big ones FCR/D that he has no real levers to pull. Imagine artis just buying out the tinier reits on the TSX and becoming one monster reit with improved cash flow. . Anyway, its all a pipe dream now.

Net income and comprehensive income	6.2¢	17.5¢	22.6¢	40.3¢
Distributions	7.5¢	7.5¢	22.5¢	22.5¢
FFO Adjusted (2)	10.7¢	10.4¢	31.3¢	33.8¢
AFFO Adjusted (2)	9.7¢	8.8¢	28.0¢	30.1¢