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 > Artis and Dream Office take the cake today

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Post by garyreins on Feb 13, 2024 4:08pm

Artis and Dream Office take the cake today

Biggest losers other than the obvious dividend cutter Dream Impact. 10% yield for artis and 11% for dream. There was a massive seller on dream office today RBC Capital markets. Artis 35m in dream office goes out the window as well as FFO contributions if they cut the dividend. The risk of buying public securities amplified to a T. You pick it right or you get your lunch handed

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Comment by hroark7 on Feb 13, 2024 4:10pm

Nah, you're the biggest loser gary.

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Comment by EstevanOutsider on Feb 13, 2024 4:53pm

"Top quality" Allied is at 10.1% and also tanked. The issue doesn't seem Artis specific but I think Artis has more catalysts in the near-term than Allied. But yeah, the NCIB needs to be turned on, unfortunately that won't happen before the end of the month due to blackout (confirmed)

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Artis Real Estate Investment Pref Shs Series E