Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s): ARESF | T.AX.UN | T.AX.PR.I

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into... see more

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Artis Real Estate Investment Pref Shs Series E > BOND MARKET IS GOING INSANE

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Post by garyreins on Apr 10, 2024 4:43pm

BOND MARKET IS GOING INSANE

+20pt for the 10 year.....almost never seen this. 3.85 to 4.55. Wonder if this is going to impact ARTIS asset sales and add further WRITEDOWN pressure

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Comment by EstevanOutsider on Apr 10, 2024 7:49pm

Interesting enough that Artis variable exposure is US debt. If they knock a lot of that off with the asset sale proceeds there won't be much. They can continue disposing US assets while buying back cheap Canadian debentures, prefs and commons in the meantime while recycling capital into opportunities like Dream Office which will yield a good return. Lots of opportunity for a creative manager ...more

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Artis Real Estate Investment Pref Shs Series E