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

Business Focus: N/A

Sector:  N/A Industry:  N/A
See Regulatory Filings on SEDAR
Company Contact
Address: 600-220 Portage Avenue
Tel: N/A
IR: See website
Key People
Samir A. Manji
Chief Executive Officer, Trustee
Gregory Moore
Senior Vice President - Asset Management - Western Region
Jaclyn Koenig
Chief Financial Officer
Kimberly Riley
Chief Operating Officer
Philip Martens
Executive Vice-President - U.S. Region
Frank Sherlock
Executive Vice President - Property Management
Patrick Devine
Senior Vice President - Leasing U.S. Region
Marie Dunn
Senior Vice President - Asset Management - U.S. Region
Brad Goerzen
Senior Vice-President - Leasing - Central Region
Amy Melchior
Senior Vice President - Asset Management - Minnesota
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 120 properties in Canada and approximately 225 properties in United States.
Financial Overview
For the six months ended 30 June 2021, Artis RealEstate Investment Trust revenues decreased 4% to C$224.2M.Net income applicable to common stockholders totaledC$280.3M vs. loss of C$65.3M. Revenues reflect UnitedStates segment decrease of 11% to C$106.8M. Net Incomereflects Fair value gain (loss) on investment pro decreasefrom C$133.2M (expense) to C$192.2M (income). Dividend pershare increased from C$0.27 to C$0.29.
Employees: 206 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $3,879M as of Jun 30, 2021
Annual revenue (TTM): $450.51M as of Jun 30, 2021
EBITDA (TTM): $241.19M as of Jun 30, 2021
Net annual income (TTM): $349.68M as of Jun 30, 2021
Free cash flow (TTM): $91.37M as of Jun 30, 2021
Net Debt Last Fiscal Year: $2,308M as of Jun 30, 2021
Shares outstanding: 133,028,812 as of Sep 22, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization