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

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TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > NAV

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Post by SNAKEYBOY on Sep 29, 2021 9:10pm

NAV

Artems came in with the plan to get this to $15 NAV 2-3 years ago. Sandpiper took over but seems to be doing the same thing- asset sales, NCIB. What will it take for them to get us $16+? I mean, anyone can say their goal is to get it to NAV, but outside of a substatial tender or a buy out, how can they do that

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Comment by babybunny on Oct 07, 2021 3:00am

Aggressive stock repurchases at a steep discount to NAV are a superb use of capital. This is a slam dunk risk-free way to grow NAV per share. The opportunistic sale of legacy properties into the strong private market is also a good move. Ploughing the realized funds into Artis repurchases, or into another undervalued REIT play, is a far better way to grow NAV. ...more

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Comment by rad10 on Oct 09, 2021 8:59am

Yep. Sandpiper taking over this cosy little outfit will pay dividends for the shareholders. Lots of units purchased for cancellation - it's all good. Snakeyboy - move on if it's not to your liking. It's a liquid stock. Cash out. I'll probably be buying if it dips again.

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Artis Real Estate Investment Pref Shs Series E