Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Artis Real Estate Investment Trust (T:AX.UN)

Business Focus: Commercial REITs

Sector:  Financials Industry:  Commercial REITs
 
See Regulatory Filings on SEDAR
Company Contact
Address: 600-220 Portage Avenue
WINNIPEG MB R3C0A5
Tel: N/A
Website: www.artisreit.com
IR: See website
Key People
Edward L. Warkentin
Independent Chairman of the Board of Trustees
Brad Goerzen
Senior Vice-President - Leasing - Central Region
Armin Martens
President, Chief Executive Officer, Trustee
James Green
Chief Financial Officer
David Lyall Johnson
Executive Vice President - Asset Management, Central Region
Philip Martens
Executive Vice-President - U.S. Region
Frank Sherlock
Executive Vice President - Property Management
Dennis San Wong
Executive Vice President - Asset Management, Western Region
Patrick Devine
Senior Vice President - Leasing U.S. Region
Marie Dunn
Senior Vice President - Asset Management - U.S. Region
   
Business Overview
Artis Real Estate Investment Trust is a Canada-based closed-end real estate investment trust (REIT). The Company owns commercial properties in select markets. Its portfolio consists of industrial, retail and office properties in Canada and the United States. Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario. It owns approximately 150 properties in Canada and approximately 225 properties in United States. Its properties include 1165 Kenaston Street, 1350 Deming Way, 301 South Westfield Road, 525 Junction Road, Alex Building, 100 Signal Road, Capital City Centre, Crowfoot Village, Fleet Street Crossing, 100 Omands Creek Boulevard and 1431 Church Avenue.
Financial Overview
For the three months ended 31 March 2020, Artis Real Estate Investment Trust revenues decreased 11% to C$118.5M. Net loss applicable to common stockholders totaled C$115.7M vs. income of C$19.9M. Revenues reflect Canada segment decrease of 14% to C$64.3M. Net loss reflects Net Operating Income (NOI)-Office decrease of 22% to C$33.1M, Fair value loss on investment properties increase from C$18.5M to C$141.4M (expense).
Employees: 218 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $3,792M as of Mar 31, 2020
Annual revenue (TTM): $506.65M as of Mar 31, 2020
EBITDA (TTM): $289.41M as of Mar 31, 2020
Net annual income (TTM): -$32.83M as of Mar 31, 2020
Free cash flow (TTM): $89.68M as of Mar 31, 2020
Net Debt Last Fiscal Year: $2,686M as of Mar 31, 2020
Shares outstanding: 139,034,117 as of Jun 2, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization