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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

Real Estate REIT - Diversified
Artis Real Estate Investment Trust is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681-1703 Dublin Avenue; Keewatin Distribution Centre; 360 Main & Shops of Winnipeg Square; Hamilton Building; Bell MTS Building II; Grande Prairie Power Centre; Northern Lights Shopping Centre I; 2190 McGillivray Boulevard; 1431 Church Avenue; Prudential Business Park 1; 951-977 Powell Avenue & 1326 Border Street, 100 Omands Creek Boulevard, Hudson's Bay Centre, and others.


TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > Concludes strategic review…..
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Comment by jmkOttawaon Dec 14, 2024 4:19pm
62 Views
Post# 36362641

RE:RE:RE:RE:Concludes strategic review…..

RE:RE:RE:RE:Concludes strategic review…..

Early March, the REIT was trading at 5.70 +/- and is currently over 30 per cent higher. In addition it has distributed its entire AFFO which is 8-10 per cent depending on where you look at in that time frame. 

I would not call that unsuccessful in the REIT space where all Canadian REIT's are significantly under loved for the moment.

With the debt reduced significantly and the distribution now quite a bit safer compared to last March, Artis is in a very good place and I for one am long with confidence in the future of this REIT. The current significant short position will need to be repurchased and the NCIB is about to be renewed. In a few weeks we are past the period where tax loss selling can be a factor.
 

GLTA

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