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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 28, 2023 2:02pm

CAD 10 YEAR @ 3.60%

WOW.  60basis points drop in November and reits went "MEH!!!!!!!!!!!"
Comment by Mongoose1234 on Nov 28, 2023 2:27pm
No, not WOW learn how this works, as i said, do some reading i'm a little curious why you constantly and repeadedly embarass yourself on here REITS are not well correlated to the Bond Yields i wonder if you can read actually....maybe you can just tweet in all caps seems more likely, actually would explain a lot i hope artis goes to $5, maybe you have a mental breakdown and stop posting
Comment by thenewsnake on Nov 28, 2023 2:31pm
Public reits are in fact correlated to the 10 year bond yield except during unconventional times like the financial criss or covid. You should do some research.  Not correlated exactly second by second by overall yes
Comment by Frankie10 on Nov 28, 2023 2:48pm
I hate to agree with the snake, but literally all assets are correlated to the US10Y (any respectable business valuator's "risk free" proxy). Correlation is of course not 1, but there is certainly a correlation. I'm going to go rinse my mouth out now.
Comment by Mongoose1234 on Nov 28, 2023 2:54pm
Frankie a valuators model (Gordon Growth Model) or CAPM (Capital Asset Pricing Model) will use a risk free growth rate generally defined as bonds. correlation is differnet though, a risky assets Beta can vary given a few factors (ex for REITS, vacancy expections, rent growth expectations, etc) and this would cause the correlation to start to fall away. REITs are driven by a number of factors ...more  
Comment by thenewsnake on Nov 28, 2023 3:04pm
An individual asset has lots of factors yes, but when you are looking at a REIT with 100 of properties with some solid leasing spreads, and other with vacancy issues, you can aggregate it thats why SPNOI growth is consistent or positive for most reits, the strong properties offset the weak ones.  Hence you tie the overall reit entity to the bond market, reits are bond proxies in the public ...more  
Comment by Mongoose1234 on Nov 28, 2023 3:09pm
again, you can't read "The addition of REITs to a portfolio can potentially provide diversification, given their low correlation with stocks and bonds." this is from S&P global research you cannot be serious taht you think a REIT is a bond proxy that totally explains why you lost your money and cant figure out why says it all..... Go check your portfolio return gary, then ...more  
Comment by Mongoose1234 on Nov 28, 2023 2:48pm
Gary, you should let S&P know, you are obvously better informed than them, they'd apprecaite your knowledge you could make a lot of money given that you know better than not only the market but also some of the biggest names in research i wonder why we dont' just come to you....forget the Oracle of Ohama, i'm coming to get advice from the Genius Gary  www.spglobal.com/spdji ...more  
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