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

Alternate Symbol(s): T.AX.UN | ARESF | 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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TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > NCIB

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Post by garyreins on Aug 18, 2024 9:13pm

NCIB

3 years of NCIB from $11 to $6, maybe around 15m shares cancelled...

Does it matter? NAV and AFFO in decline. All offset by a bad investment in IRIS commons and D common units

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Comment by Frankie10 on Aug 18, 2024 9:31pm

Odd way to reply to my post, oh Snakey one. first rate cut by BoC was June (end of Q2)... impact from rate cuts will only begin to appear in Q3 and the mathematical impact will increase from there. I would refer to the MD&A which explains the % of debt that is variable and unleaded - roughly half. I'm personally thrilled to see buybacks resume in a big way... I continue to give you ...more

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Comment by garyreins on Aug 18, 2024 10:06pm

The name is Gary- secondly, I can find posts of yours on artis board going back over a year that were wrongfully bullish. And at one point you too expressed disinterest in the 2023 NCIB renewal as it was the same old merrigo round. ITS TIME FOR RESULTS. ALL WE HAVE IS A 120% PAYOUT RATIO AND 12 Month of a strategic review to close the gap and being -0.30 cents

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Comment by Torontojay on Aug 19, 2024 8:06am

Hey Frankie, they are selling back to school pom poms in all the latest colours. They even have lgbtq colours if you're interested. I'm sure you and DZ would love it.

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Artis Real Estate Investment Pref Shs Series E