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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Artis Real Estate Investment Pref Shs Series E > REIT EARNINGS START

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Post by SNAKEYBOY on Apr 27, 2023 10:08am

REIT EARNINGS START

I dont doubt that most reits will cite business as usual with the highly levered ones like artis having some FFO decline, and yet these reits are in the gutter and cant catch a bid if their life depended on it.

I still cant believe how these trade. Only correlate to stocks or bonds which is ever negative

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Comment by Reece1986b on Apr 27, 2023 10:26am

I don't disagree with your view that the only correlation is to the downside between many REITs and the stock market. I think REITs are just badly out of favor right now and that explains this. The market has had many pockets of irrrationality since covid happened imo. Meta's valuation (at that time of $800 billion USD) was chopped in three last year because people didn't like ...more

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Artis Real Estate Investment Pref Shs Series E