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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 > 1 week till more dividends
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Post by SNAKEYBOY on Apr 20, 2023 10:32am

1 week till more dividends

that's really what keeps me going these days, with my net capital losses in the hundreds of thousands! 

manji and sandpiper are down 10'S OF MILLIONS! I dont know how it  feels to be in those shoes. Id  be trying to sell the reit if I were him, walk away with $12.50 a share and small profits, and then go to MIAMI and relax
Comment by Reece1986b on Apr 20, 2023 11:32am
I honestly think even $10 for Artis would be a win at this point. The money could be reinvested in similarly battered REITs like D, AP, or even something well performing like HR. If I could do things all over again with the benefit of hindsight, I would not have sold my HR position to double down on Artis and were I to get $10 for my Artis units, that would let me reinvest the money in HR at no ...more  
Comment by SNAKEYBOY on Apr 20, 2023 11:38am
I did the same thing. Chased artis from $10 to $7.40 and added 200k more in it then I should have based on my diversification plans. really hard to believe they were caught with their pants down when they knew 1 year ago fed was going on a hard tightening cycle
Comment by DZtrader on Apr 20, 2023 1:23pm
Seems like you were caught with your pants down also. If you realized the fed was embarking on a tightening cycle and you saw Artis taking huge amounts of variable rate financing why in the world would you invest so much in the reit with such obvious headwind risk? If I remember correctly at the time, I suggested to you that Artis may well revisit it's covid low and was somewhat chastised for ...more  
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