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

SA hit job

[garyreins]

https://seekingalpha.com/article/4678519-artis-10-percent-distribution-yield-likely-gets-cut-in-the-next-12-months?mailingid=34698478&messageid=2800&serial=34698478.2043&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=34698478.2043

Guess we'll be looking at a $4 handle.

[jmkOttawa]

It will bring out more weak hands to sell into NCIB and  possible future SIB if asset sales are realized. Great to see articles like this!!

[garyreins]

To be fair, if manji is running and maxing out a NCIB before cutting a dividend clearly he is mistiming the 7m share buybacks.  Hopefully hes not that shortsighted

[jmkOttawa]

The NCIB is accretive to AFFO. And further asset sales in the pipeline if realized will further this. There will be no need to reduce the distribution. The sky is not falling in.

[babybunny]

Absolutely!  This hatchet job is exactly what is needed to suppress the stock price long enough for the NCIB to be filled at minimal cost. I hope the author writes similar articles on H&R and DREAM Office.  I am slowly legging into H&R, and I think Samir is trying to build a dominant position in DREAM Office. Baby Bunny   

[EstevanOutsider]

he already did write a hit on dream office. i lost respect for his work when he compared dream office properties to nwh though... as for artis, he was calling for $8 unit price in the coming months back in december and took a position in the prefs. he said it would be hard not to come out with $10. overall his article wasn't really negative, very low quality in my view and more of a piece to