Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s): T.AX.UN | ARESF | 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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TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > What is Manji cooking

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Post by SNAKEYBOY on Jun 28, 2023 1:03pm

What is Manji cooking

That deserves this OUTPERFORMANCE? Maybe the fat JUICY yield and debt paydown

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Comment by Frankie10 on Jun 28, 2023 2:42pm

Q2 will be the first set of healthy financials Artis has published in years. Might have something to do with it...

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Comment by SNAKEYBOY on Jun 28, 2023 2:49pm

Or maybe the shorts are SMELLING the SIB manji is cooking up

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Comment by Frankie10 on Jun 28, 2023 3:07pm

This is a very, very real possibility. The amount of capital he has now from the equity sales ($35M subsequent event + $32M Dream SIB + additional FCR sales not yet disclosed during Q2) + 1/3 of Cominar sales of ($27M in Q1 +$64M closed in Q2 + $126M yet to close as at May 11) + $340M of sales per most recent PR ... he's got, as he would like to say, levers to pull (dosnt necessarily mean he ...more

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Comment by SNAKEYBOY on Jun 28, 2023 4:06pm

Also from a technical standpoint we double bottomed around the $6.66 mark. Rebounded fast from last Friday. If we break above $7.30 and then $7.50 it can fly to $8+!

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Artis Real Estate Investment Pref Shs Series E