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

THE REIT MANJI SHOULD HAVE WENT AFTER

[garyreins]

In my opinion, BTB.   .097 x 4= 0.388/ $3.5 unit price  = 11% AFFO yield.  <200m market cap.  Good mix of industrial, retail and office assets.   If he started acquring it when it was $2.90-$3.20 and built a 20% position he could have taken it out for  implied 7-8% cap rate.   Manji's public security strategy should have involved small cap reits, not the big ones FCR/D that he has no real levers to pull.  Imagine artis just buying out the tinier reits on the TSX and becoming one monster reit with improved cash flow.  . Anyway, its all a pipe dream now.
 

Net income and comprehensive income	6.2¢	17.5¢	22.6¢	40.3¢
Distributions	7.5¢	7.5¢	22.5¢	22.5¢
FFO Adjusted (2)	10.7¢	10.4¢	31.3¢	33.8¢
AFFO Adjusted (2)	9.7¢	8.8¢	28.0¢	30.1¢

[garyreins]

they reported the earnings tonight and Im like 'cmon manji, BUY UP THAT 11% FREE CASH FLOW REIT' the easiest target IMO