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

Residential reits

[ScroogeMcDuck1]

Interesting to hear this conversation.  i too have avoided them as Im always concerned about them becoming a political scapegoat.  But I just pulled up Ere, haven't looked at the one in years and its now a 7.3% yield with consistent rent increases.  I am seeing debt issues in 2025 for it and elevated leverage and increased payout ratio, but these metrics seem pretty close to what we witness in our space here of underperforming office-diversified reits, not worlds different.    Off topic, but anyone with insight and experience on Ere, I am interested in hearing analysis and thoughts and I may dip toes into it if you have good things to say, thanks.

[EstevanOutsider]

i am holding eres. the biggest risk in my view is the political threat of rent caps. but that's mostly already baked into the unit price with a change of government since which just ok'ed expanding them to $1000 euros to the so-called point system. most of eres properties will not fall into this rent control after this years' renewals which pushes 75% or more of their portfolio out of

[ScroogeMcDuck1]

Thanks, that lines up with what I just read on the various boards.  I am guessing it's getting an extra beating due to rent comtrols, being foreign (ino), and the debt ratio with euro rates having increased.  I am interested for sure.

[Panic54321]

It's a little too much to explain on here but I suggest you read the last few quarterly reports..    I am happy to own it. I own a lot actually and cap read on 65%. They will want a much higher price than it currently sits.      I could explain a lot of it but you're better to listen to the last couple conference calls..  I say anywhere under $2.50 It's a

[Torontojay]

Invest within your circle of competence.  It's always a good idea to listen to other people's perspectives and set aside your biases. At the end of the day you have to make your own choices but you should never fall in love with an idea that you have. We all make mistakes but our goal is to have more winners than losers.     

[Panic54321]

Just another point I forgot to mention also on NRR.   ( but was buying this one around $10 ).   Higher leverage but still feel good about it in the long run and it's got a really good dividend yield ... !