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

Strategic Review. Finally.

[InvestSmarter]

Close that NAV GAP

 

The Board has established a Special Committee to initiate a strategic review process to consider and evaluate strategic alternatives that may be available to the REIT to unlock and maximize value for unitholders. There can be no assurance that the strategic review process will result in the REIT pursuing any transaction or that any alternative transaction will be available to the REIT. Neither the Board nor the Special Committee has set a timetable for completion of this process and the REIT does not intend to disclose further developments unless and until it determines that disclosure is appropriate or necessary.

[incomedreamer11]

Look , what happened with SOT.UN after strategic review. Most of valuable assets already sold,probability to cut distribution  getting higher

[InvestSmarter]

SOT's Strategic Review was one of survival. AX's Strategic Review is one of closing the NAV GAP.    Much different scenarios. Samir also owns a huge amount of AX, and all of his incentive is to close the NAV gap of the units, while SOT management owned basically nothing and got paid just to keep SOT afloat from management fees. Dont get these two mixed up.

[EstevanOutsider]

Hmm occupancy looks very strong to me espeially compared to other REITs. Holding flat y-o-y during a trough for office is quite strong. Other two are down because of asset sales. Sharecount is also down and debt has been further reduced. Maybe maintenance high in Q1. FFO payout still low. They did mention spending a couple million to renovate Denver office building in the last CC.