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

DIR posts strong results

[EstevanOutsider]

which should be reflective of Artis' high quality industrial assets.

11.3% spnoi gain with strength in Canada & Europe.

DIR trades at a much  lower NAV discount.

Artis trades at 60%+ despite having Class A US industrial.

Manji is saving the crown jewel assets for last.

Rare to have opportunities like this in my view.

[garyreins]

This is simply because the 1.4 billion in artis office is given a $5/share discount (10% cap rate), and the additional $4 discount is likely floating debt risk, affo pressure, the mixed bag of stuff it owns with no purpose, etc.   manji and the committee need to find a way to dissolve this mess of a REIT and recreaete it in an investor friendly manner

[EstevanOutsider]

artis is a $12 stock using discounted sales. i don't see what the big fuss here. if anything manji allowing the unit price to tank is going to benefit us in the longer term as he will drive up the value with more unit cancelations at ridiculously low prices while retaining the crown jewels of the REIT for later sale or continued operation. he can eliminate all the debt basically by selling

[rad10]

  big risk is a take under.  Sandpiper taking it private at a discount.