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

$9.19

[SNAKEYBOY]

The $8.xx handle is going to be a solid buy heading to the NCIB on DEC 17!

[Frankie10]

Are they even buying the common stock/units? I thought just the prefs... they should be ripping that NCIB like mad.. how tf do you buy Dream units while not running the NCIB. Management signaling Dream is a better value prop than Artis? Do they need to fix the algo parameters?

[Catchtherally]

We don't know if Artis is buying dream at the moment. I haven't seen any new insider disclosures. Every 2% increase in their ownership of d they must announce it

[Frankie10]

Was the ncib on when they bought dream?

[Frankie10]

Had they not bought dream, would they have more capital to utilize the ncib? If so, the oppertunity cost of buying dream was the ability to buy artis... I dont know and don't have the ability to check right now.. 

[Reece1986b]

"The REIT's NCIB program has remained active since the announcement of the Business Transformation Plan. Under the NCIB that expired on December 16, 2021, Artis purchased 10,160,396 units at a weighted average price of $11.26, representing the maximum number of common units allowed under the applicable term. Under the NCIB that was renewed on December 17, 2021, Artis purchased 8,778,176

[Frankie10]

Reece, Thank you very much for this information! Great to see that they maximized their NCIB - this makes me very hopeful that they will renew and, more importantly, utilize the NCIB in the coming weeks. I'm excited to see the price action moving forward as a persistent buyer enters the frame. Have a great day Reece.

[Reece1986b]

You are most welcome Frankie10! I completely agree with you: "I'm excited to see the price action moving forward as a persistent buyer enters the frame."  Artis has recently sold a lot of Minnesota industrial properties so they have plenty of cash and will have some explaining to do to their unitholders if they do not repurchase units in December when Artis trades at such a