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

Continued pressure on office

[DZtrader]

While it's not lost on me that not all office is the same, and not all locations are the same, there remains and will likely continue to remain pressure on this segment of CRE through at least next year with regards to debt finance. I would further speculate that by the end of next year at the very latest we can best guage if the " back to office" environment has normalized OR we have a more structural change in place. A lot of factors at play, some good some bad some will remedy others. TIME, will tell.

Fed Flags Rising Delinquencies in Commercial Real Estate Loans  https://www.bloomberg.com/news/articles/2024-05-10/fed-flags-rising-delinquencies-in-commercial-real-estate-loans

[Frankie10]

Simple solution - buy H&R which is priced as if it is office yet has very little office -- a big chuck of which marked for rezoning to residential while regulators are easing up on office replacement space. Make it make sense DZ. 

[DZtrader]

Hey Frankie, thanks for the comment. I had/have given some consideration to picking up some shares in H&R. My limited understanding of this reit is that they have divested some office. I believe total revenues now make up about what 7.5 percent of total revenues, which makes it a bit more desirable to me given my phobea of office. I had actually given consideration on the last dip below $9.00

[garyreins]

The REITS that you thought should outperform (Riocan, HR) are underperforming. Look at PMZ, BTB, PRV.  Small caps beating the big boys!