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

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Artis Real Estate Investment Pref Shs Series E > Fire Sell office and SIB it up

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Post by garyreins on Dec 30, 2023 1:13pm

Fire Sell office and SIB it up

Does anyone not get the math that if you disposed of 600m of office (7.5% cap rate) for half off 300m (>10% cap rate) then offered a SIB for 37.5m shares for 8 bucks the nav would remain unchanged at $15. Sure don't fire sale for sake of it but take a big hit if needed and recoup that value. Seems like a safe outcome that completely hedges any downside. I'm surprised manji didn't do this already to be honest. Then u have a pure industrial reit after retail goes with 15 nav and likely 12 sp.

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