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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Artis Real Estate Investment Pref Shs Series E > DREAM OFFICE AND ARTIS IN FREE-FALL

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Post by SNAKEYBOY on Sep 08, 2023 10:12am

DREAM OFFICE AND ARTIS IN FREE-FALL

THESE ARE GETTING NOTHING BUT FLUSHED EVERYDAY. MANJI ABSOLUTELY DELIVER BIG. THE HOSTILE MARKET ENVIRONMENT AND SHORTS ARE LEAVING 0 ROOM FOR FAILURE, WE'LL BE STARING AT A $4-5 UNIT PRCE

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Comment by EstevanOutsider on Sep 08, 2023 1:29pm

REIT bros all liked Dream Office at $29 but dont like it at $11 when leasing activity has returned to "pre covid levels" and occupancy is on the upswing. lol. The REIT is trading below $300 psf in downtown Toronto for Class A buildings. I am glad I have no exposure as I have little respect for Cooper as a CEO but it sure is tempting given its instrinsic value.

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Comment by InvestSmarter on Sep 08, 2023 1:38pm

Even Analysts put NAV at about 2x the current trading price. Pretty rare to see that. Downtown Toronto or any major downtown market rarely ever trades at such a discount.

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Artis Real Estate Investment Pref Shs Series E