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

161 Inverness and Artis Head Office Sold?

[InvestSmarter]

Sounds like 161 Inverness Sold? I would say that's very bullish if it did. Possibly the Bell MTS and Artis Head office also.
 

The REIT entered into unconditional agreements to sell one industrial property, two office properties, and one retail property all located in Winnipeg, Manitoba, an office property in the Greater Toronto Area, Ontario, and an office property in the Greater Denver Area, Colorado for an aggregate sale price of $109,289 with expected closings in the fourth quarter of 2023 and first quarter of 2024.

[garyreins]

I wonder what cap rates these office properties are moving at.  

[InvestSmarter]

Close to NAV as the CAP rates have not changed much from Q2.

[spacegimp]

I wonder if they will reveal how much AFFO they are losing on all these sales , and the precise loss on each property vs. it's book value  to see how distressed or not the market really is 

[InvestSmarter]

They will be in line with Q3 IFRS NAV reported, which CAP rates were raised up slightly on.

[EstevanOutsider]

Do the math on the square footage disclosed and the note on 5 offices = $228 per sq ft. That's not really distressed in my view.