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

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Post by garyreinson Nov 12, 2024 10:04pm

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Post# 36309438

I JUST DID SOME MATH ON THE D.UN BOARD

8.6m shares freefloat of dream office. unit price has just softened under $20. BOC is going to 3% soon and DREAM OFFICE is all canada located, no US financing required

Isnt the time ripe for a hostile bid from artis and dream unlimited?

8.6 x $28 (generous 40% premium to trading price) = 240 million price tag. I assume samir is ready to redeploy ~150m to lever back up and boost NAV/AFFO

He can write up the NAV instantly since dream says their nav is $68or something. might be a bit accretitive to affo but i dont know

If dream office isnt the target of his acqiusition, why d id he go to 20% over the spring and what i s the catalyst to get dream office unit price back up?

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