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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 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

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Post by garyreins on Nov 14, 2024 6:23pm

GUYS MAN

I honestly don't know what I'm watching anymore.  Minus artis and a couple other Reits that have hovered high still,  the majority are getting skunked. Remember the euphoric August and Sept rally.  Now 7 weeks down in a row,  huge gains erased.  Powell and everyone saying big bad inflation still a threat to democracy.  I think retiring the narrative would require some massaging of data and government propaganda. Just do it already man.  3 years later
Comment by Frankie10 on Nov 14, 2024 6:56pm
Happy to explain HR for u... AFFO slightly down as an office became vacant and they are now demolishing it coupled with the fact they wrote off ~30m of vtbs and the market is adjusting for that. Can't speak to the rest. Rationally explains the 40 cent dip. Pls let me know if you enjoy Fall Guy. Enjoy the football game tonight guys.
Comment by garyreins on Nov 14, 2024 7:19pm
"rationally explains the 50 cent dip"?  you realize a tiny small cap REIT BTB.UN with 60% office and debt to BV traddes at a higher AFFO multiple than HR?
Comment by Frankie10 on Nov 14, 2024 7:43pm
I'm aware. I bought at chuck at $10.