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 > I summon Scrooge McDuck for his infinite wisdom.

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Post by garyreins on Oct 30, 2024 12:24pm

I summon Scrooge McDuck for his infinite wisdom.

"Historically Wide Valuation Discount vs. U.S. Peers (Figure 4). On P/AFFO, Canadian Retail- focused REITs are trading at a 33% discount vs. the U.S. peers (i.e. 12.9x vs. 19.3x), well above the historical average of a 14% discount. With similar AFFO growth rates and higher cash yields in Canada, we see the current relative valuation as excessively discounted, and we believe they have overshot to an unsustainable extreme."

Early September XRE/VNQ had EQUAL YTD performance. Now less than 2 months later ITS -6%.....

BASED ON NOTHING!

Even TD is calling this b s for what it is. What a freakin joke man. Cant ever over this, and the same applies to non-retail reits like industrial/multi etc.