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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 a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681... see more

TSX:AX.PR.E - Post Discussion

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Post by DZtrader on Aug 28, 2024 4:33pm

Tomorrow

Solid beat and even more solid higher guidance from Nvidia. Why is this of interest? I could be so wrong here but it has the potential to pull money away from other sectors as people again clammer to buy back that stock, in particular because of even higher than the already high guidence along with 50 billion buy back announced.

I hope I am very wrong here but we might actually see some profit taking on our reits to fuel this buying spree, at least this was a consideration I had, hope I am wrong. I won't however be adding much until I see the next jobs report coming up. Don't shoot me but wouldn't entirely mind a nice little woosh to replenish a few reits at a slightly better re-entrance.

Good luck everyone.

DZ
Comment by garyreins on Aug 28, 2024 4:42pm
Great idea,Im selling artis and dream office to buyNIVIDIA.  willmake back 30% in record time
Comment by Frankie10 on Aug 28, 2024 4:50pm
Yes, NVDA earnings and guidance came out strong. Very thoughtful theory in terms of how it will impact the follow of capital across asset classes. Your logic is sound. That said, you truly never know these days. I agree, for the long-term benefit of the REIT, it would be good if price stays in this range to allow for buybacks as well as the fact it will provide Samir with the window he needs to be ...more  
Comment by garyreins on Aug 28, 2024 4:52pm
"WIN/WIN"? Let me tell you something FRANKIEBOY, its "LOOSE/LOOSE" until that AFFO gets back up....who would want to own an70% NOI office reit with a div cut to 5% dividend?
Comment by InvestSmarter on Aug 28, 2024 5:10pm
That's what scares me most. Vast majority of NOI comes from Office now. They need to focus on Residential opportunities, not more office.
Comment by garyreins on Aug 28, 2024 5:13pm
There's nothing to like about artis unless the affo covers the dividend with a decent buffer
Comment by Frankie10 on Aug 28, 2024 6:27pm
Oh Snakeyboy, if AFFO yield is your top concern, roll your Artis into H&R... and be done with it. Then you could piss off.
Comment by garyreins on Aug 28, 2024 6:37pm
THE AFFO IS WHERE THE DIVIDEND COMES FROM.  Imagine thinking artis will rebound with a 0.12/0.13 AFFO
Comment by rad10 on Aug 29, 2024 8:07am
One of my favourite names in the REIT space.  No need to bury the HR board in continuous drivel though!  lol
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