Artis Real Estate Investment Trust (T:AX.UN)
Business Focus: Commercial REITs (NEC)
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | 600-220 Portage Avenue WINNIPEG MB R3C 0A5 |
| Tel: | 1-204-9471250 |
| Website: | https://www.artisreit.com |
| IR: | See website |
| Key People | ||
| Samir A. Manji President, Chief Executive Officer, Trustee | Gregory Moore Senior Vice President - Real Estate of Canada | Jaclyn Koenig Chief Financial Officer |
| Kimberly Riley Chief Operating Officer | Kara Watson Executive Vice President, General Counsel, Corporate Secretary | Philip Martens Executive Vice President - U.S. Region |
| Heather Nikkel Senior Vice President of Investor Relations and Sustainability | Marie Dunn Senior Vice President - Asset Management of U.S. Region | Brad Goerzen Senior Vice President - Leasing of Central Region | Amy Melchior Senior Vice President - Asset Management of Minnesota |
| Business Overview |
| Artis Real Estate Investment Trust (the REIT) is a Canada-based diversified real estate investment trust. It owns a portfolio of industrial, office and retail properties in Canada and the United States. The REIT's portfolio comprised 135 commercial properties totaling approximately 15.6 million square feet of gross leasable area. The REIT's properties include Bower Centre, Maynard Technology Centre, McCall Lake Industrial, Alex Building, Civeo Building, Memorial Crossing, Cliveden Building, 100 Omands Creek Boulevard, 1093 Sherwin Road, 120-144 Bannister Road, 1431 Church Avenue, 1658-1680 Church Avenue, 1832 King Edward Street, 500 Berry Street, Prudential Business Park 3, Inkster Business Centre, Maple Leaf Building, Kincaid Building, Poco Place, 220 Portage Avenue, CDI College Building, Hamilton Building, Johnston Terminal, Bell MTS Call Centre Building, 100 Signal Road, 2190 McGillivray Boulevard, Pembina Village Shopping Centre, and St. Vital Square. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Artis Real Estate Investment Trust revenues decreased 10% to C$335.8M. Net loss applicable to common stockholders increased from C$21.2M to C$345.1M. Revenues reflect United States segment decrease of 12% to C$191.5M, FFO per Share (Basic) decrease of 23% to C$1.08, FFO per Share (Diluted) decrease of 22% to C$1.08. |
| Employees: | 169 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,577M as of Dec 31, 2023 |
| Annual revenue (TTM): | $335.84M as of Dec 31, 2023 |
| EBITDA (TTM): | $177.17M as of Dec 31, 2023 |
| Net annual income (TTM): | -$345.09M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$13.59M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,877M as of Dec 31, 2023 |
| Shares outstanding: | 110,168,628 as of Apr 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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