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

ARE people not understanding whats happening?

[garyreins]

Take a basket of about 15 canadian REITS including the dawgs Arits, office stuff, NWH and others equal weighted and not only is it WORST than covid lows it may be at or slightly above the Great financial crisis lows. Thats the lunch this CRE space got handed over elevated INFLATION of all things.........jokes

[jmkOttawa]

Now I understand Gary. Thank you for explaining this. How can we become the wealthy shorts who smoke fat  cigars and drink expensive wines while our portfolios shrink to nothing. It sounds like a good life!

[Torontojay]

The problem I have with office cre's is that I truly believe the shift to remote work is a structural change. I don't believe we are ever going back to a 5 day work week at the office. If I'm right about this, then the value of office space is permanently impaired. I don't think there is a quick rebound from this. At the end of the day, one has to ask themselves if the future cash

[jmkOttawa]

I hear you, but fundamentally disagree. Humans are social animals and we function better working in a collaborative environment, and need social contact to stay healthy emotionally. There are exceptions for sure, but I sense the offices will fill up again in the goodness of time. Communication by video conference is not as good as in person.

[garyreins]

I disagree with the BNN guy who said because people can work from home a few days a week its permanently impaired. The rent still needs to be paid even if the office is only to hold the christmas party...there's no in between on renting space for partial dollars

[Torontojay]

  There is a lot of shadow vacancy out there. Companies are paying leases until it expires with no intention on renewing the lease. The demand for office space has plummeted with a significant reduction in floor space required. A company may only require half of the office space they once had before. Office space becomes shared with multiple companies making up the difference. If every

[canadian]

I think you're wrong.  Office vacancy will be flat or slightly up for couple of years. Look at dream office latest occupancy rate. The main problem with office reits is higher mortgage rates than residential/industrial/retail 

[Torontojay]

The current data does not support your views that we are going to go back to the office. I know anecdotally from friends and colleagues that they are working from home most days of the week. I have personally asked them if this is going to change and they tell me it's not. In the US, employees are working from home at least 2-3 days a week and there has been no reversal of trends out there