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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

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

TSX:AX.PR.E - Post Discussion

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Post by thenewsnake on Nov 20, 2023 10:33pm

Whats taking so long?

If something *significant is not in the works for this review with 4months + 200k plus spent, then what exactly are they doing?

A well-established plan is selling more assets, SIBing the commons or preferreds, taking out fixed rate mortgages on unencumbered properties......coming up with this "plan" and executing should have been done by now.  There's nothing inherently complex about it or need for secrecy.

Attemping to sell or privatize the reit then maybe....

unless manji is purposely just buying himself time to the ncib renews and doesnt want to get margin-called in the $5's
Comment by EstevanOutsider on Nov 20, 2023 10:52pm
ERE.un spent $1.2 million euro in Q3 on their strategic review and we're still waiting.
Comment by InvestSmarter on Nov 21, 2023 12:17am
At least ERR had a $3 offer  
Comment by DZtrader on Nov 21, 2023 6:56am
As usual you have no clue what you are talking about. Last review took a year, what's your rush? Longer this goes the longer a bid remains under the stock, maybe part of thought process awaiting lower yeilds. Selling any magnitude of properties could easily take minimum six months, maybe more. Maybe for an encore you can start arguing with yourself rather than agreeing with yourself and ...more  
Comment by jmkOttawa on Nov 21, 2023 6:22pm
DZ, I thought I was the only one who couldn't take it anymore ;).  If we are lucky we will hear something in H2 2024. It is not the easiest market to transact in.
Comment by DZtrader on Nov 21, 2023 8:24pm
My last post got pulled because " someone" complained/reported it. What a little girl! I just said now go put your pointed hat back on and get back in your corner and I was flagged. It's really getting to the point that it isn't worth posting on this board with a shameless fool with no clue relentlessly annoying everyone else. Now he even talks to himself about his own posts. I ...more  
Comment by jmkOttawa on Nov 21, 2023 8:28pm
Seriously! Soon to be four?  ;)
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