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Bullboard - Stock Discussion Forum 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... see more

TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > Long on words short on sustance!
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Post by DZtrader on Mar 10, 2021 9:27am

Long on words short on sustance!

I surely hope I am wrong here. I have just done a once over (fairly quickly) and my first impression is YAWN, move on nothing here. Yes we got a small divvy increase which percentage wise sounds a bit better than what it is but what I have read is basically we are going to try and make the reit better.........................great, now how about some real details. I am going to have to take an hour or two and really dig back into this to see what I may be missing but seemed like a bit of a snoozer, and I am/was bullish on Artis. A lot of what I read is something that any prudent management would do under normal business operations of a reit, sorry. Not entirely sure what I was expecting but it was a little bit more than what I saw at first blush. I sold half of my position into the strength of the move over the last while and questioned myself, now I am thinking that may have been the right move. I really really hope I am wrong here and this thing moves up sharply as I still have a sizable enough position. Good luck guys and will see how we close in the next few days.
Comment by claritas on Mar 10, 2021 10:21am
I think that those that were hoping for a quick sale of the Company will be disappointed. What some were hoping to be a quick return will not like holding shares in something that is turning out to be more longer term in nature. Thus we might see a turnover of shares from short term holders to long term holders.  We have had a good run short term and likely not much is left in the tank for ...more  
Comment by DZtrader on Mar 10, 2021 10:51am
Personally, I had little to no expectations of anything resembling a sale right now (although smart money may be buyers of this reit right now to be honest). Nor had I expected any short term fixes. I am o.k. to hold here so long as this management team can actually do something to improve upon our current position, what I read, unfortunately didn't instill that in me. Seemed like a bit of ...more  
Comment by perplexed01 on Mar 10, 2021 11:01am
agree this release is disappointing.  definitely "short on substance". also for me i expected a 10% increase as promised not a 7.9% they want us to accept as 11%.  
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