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

Artis

[SNAKEYBOY]

Glad they are deleveraging well and the plan is on track.  But what exactly is going to make Artis standout from the crowd and trade at a less discount to NAV/AFFO multiple then other REITS, like Manji was hoping for?

I dont see it in the cards with a higher % of revenue now  coming from office.

Maybe they need to sell off assets indefinitely and fund a NCIB indefinitely and in 5 years we get bought out.

[Reece1986b]

That's a good question SNAKEYBOY. In my opinion, Artis is most similar among Canadian REITs to H&R but H&R has what are on average higher quality assets, has better managed their debt situation, and trades at roughly the same P/AFFO as Artis. I don't personally believe Artis deserves to trade at a higher P/AFFO multiple than H&R so that would mean Artis probably doesn't