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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

Real Estate REIT - Diversified
Artis Real Estate Investment Trust is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681... see more

TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > NCIB - Pref Buybacks?
View:
Post by borne2run on Aug 29, 2023 11:35am

NCIB - Pref Buybacks?

Looks like Artis re-purchased over 60k of preferred shares late Monday.  Two transactions, one each for the E and I series, at $17.02 & $17.04.  Dividend yield is above 10%. 

Good deal for both common and pref holders. Not so great for the sellers.
Comment by Income on Aug 29, 2023 12:36pm
Sounds incrementally positive. Where did you see this information?  Curious to follow the source. Thanks in advance!
Comment by borne2run on Aug 29, 2023 3:29pm
Just saw the 2 crosses in trade history.  Similar prices to previous Pref buybacks.  Question mark in the Subject line means that this is speculation on my part. Will know within a week by reviewing the SEDI reports. Last pref re-purchase was 76k I series at $18.50 and 2.4k Es at $17.60 on Aug 4th.
Artis Real Estate Investment Pref Shs Series E