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

Tepid results and strategic review outcome

[garyreins]

Sell assets, pay down debt....NAV written down from $19 to $13.96.    Dividend may be in question at some point.  Rate cuts are really the medicine these reits need.  Da mn central banks

[garyreins]

*update not outcome

[canadian]

I believe since they own lot of other reit shares like dream office and since their share price fell, they might have reduced their NAV

[EstevanOutsider]

as $344,286 (Q4-23 - loss of $119,803), compared to a loss of $178,431 (Q4-22 - loss of $156,533) in 2022. The fair value loss in 2023 was primarily due to rising interest rates exerting upward pressure on capitalization rates in markets across both Canada and the U.S. yes it is expected, the fair value loss which can be reversed when rates fall.. i think the brunt of these impacts are done