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

Primary Symbol: T.AX.PR.E Alternate Symbol(s): 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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Artis Real Estate Investment Pref Shs Series E > TWO WEEKS TODAY

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Post by garyreins on Oct 24, 2024 8:32am

TWO WEEKS TODAY

ARTIS WILL REPORT Q3, 2024. 0.16 AFFO bumped up by a one time item. What will happen this quarter? Unfortunately artis is heading towards $7, not $9. At $7.xx, a bad quarter can send us back to $6 in a HEARTBEAT.

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Comment by jmkOttawa on Oct 24, 2024 8:56am

What is the one time item and why would the unit price not respond favorably to the reduced payout with the NCIB in full force and reduced debt and increased revenue from the leasing activity of 300 Main, we well as decreasing interest rates. It seems like your outlook is overly pessimistic.

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Comment by garyreins on Oct 24, 2024 9:32am

The one time item was some deal with a tennant or something that resulted in a bigger payment, forget the technicalities. It was asked on the CC and this revenue was not recurring

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