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

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

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

Post by garyreinson Nov 22, 2024 10:00pm
77 Views
Post# 36327127

FYI

FYIAFFO was 0.16 in Q2 and 0.21 in Q3 so dividend was covered past 2 quarters. Though those may be one time items, and its hard to predict what a stable AFFO is unlike other reits.  The term used in the M & A was "lumpy" AFFO. 

Id much have prefered he closed the gap than trying to maintain a dividend in the coming  year

No need to be in artis long term since theres effectively no real strategy anymore here

its a big fight against the macro backdrop which has not been our friend   
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