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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

Real Estate REIT - Diversified
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

TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > Debt to GBV of 39%
View:
Post by Frankie10 on Nov 10, 2024 4:09pm

Debt to GBV of 39%

Per my calc, debt to GBV is 51%. I have adjusted for equity accounted securities (including IRIS prefs), including pref units as debt, and adjusting for $113m of unconditional sales at sept 30). You can see work here: 
https://x.com/alphafortuna10/status/1855272781832761791?s=46


In my opinion, balance sheet is in a very good place...
I think Samir sells properties opertunistically moving forward.

Comment by mikoola72 on Nov 10, 2024 4:45pm
Thanks Frankie10 for the link to your analysis..greatly appreciate it. I also think that Samir will sell properties opportunistically however I'm still trying to figure out what the best path forward is to grow this reit..grow but grow smartly and for that we need more properties or buy a deeply discounted reit with great upside, recycle those properties that don't fit and capture market ...more  
Comment by Frankie10 on Nov 10, 2024 5:40pm
You are most welcome. I agree with much of what you wrote. Have a wonderful evening. - Frankie
Artis Real Estate Investment Pref Shs Series E