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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

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Post by SNAKEYBOY on Dec 28, 2022 3:48pm

This is buyers dream

  • 6.7% YIELD
  • Multi year lows (exception during the peak of covid bloodbath)
  • Completed 400 million in asset sales for FMV
  • NCIB firing
  • Tax loss selling over
  • Near end of tightening  cycle
Comment by ezemoney on Dec 28, 2022 4:12pm
I like the saying "Everyone has a plan until you get punched in the face" in your case the punch in the face will be in '23 when your "plan: " Near end of tightening  cycle.... Punches you in the face
Comment by SNAKEYBOY on Dec 28, 2022 4:22pm
Near is the key word. Id like to see them take the overnight to over 5% without the long dated bonds going to 2%.  The housing market and governments is built on a house of cards that will collapse at that rate. Unless the GREAT reset isn't a conspiracy theory...
Comment by ezemoney on Dec 28, 2022 4:30pm
MY mind set going forward is "Don't expect a fed pivot until a flock of BLACK SWANS flies in and sh.its on everything causing unforseen financial calamities other wise the FED won't be able to wrestle inflation back to the good ol days.
Comment by SNAKEYBOY on Dec 28, 2022 4:37pm
Well yes, because certain inflation components are not sensitive to interest rates....food and rent for example.  In fact, less investment in housing and such will cause rents to go up. And the green policies by the climate change activitis are causing expensive energy. .  = Fed hasn't figured that out yet, but they will when rates are 5% and people are asking why in inflation is ...more  
Comment by ezemoney on Dec 28, 2022 4:40pm
Yes that is the right attitude.  The best in New York gave 1 piece of advise and no other and that is "The market will always present opportunities"
Comment by DZtrader on Dec 28, 2022 9:54pm
I believe that quote belongs to Mike Tyson. As for tightening, the Fed is near done, 50 bips more MAXIMUM. Canada will follow suite but maybe in two smaller intervals, Anything more tips economies over the brink and they won't do that. This definately is a case of bark worse than bite. They have to talk tough but no way they go beyond above noted. 
Comment by SNAKEYBOY on Dec 29, 2022 11:28am
It wouldnt surprise me if the fed tries to go higher than people expect...they kept moving the goalposts since the start.  First fed speech was 3.8% peak rates in 2023, then they kept moving that up to now over 5%.   But whatever they do the rates are unsustainable and better show it taking a huge bite out of inflaton...or they could have another egg on their face!  The ...more  
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