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

Business Focus: Commercial REITs

INK Edge Outlook

Mostly sunny as of November 01, 2019
For the latest outlook, get the company report

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for AX within the last 6 months
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Company News

Nov 15, 2019 16:00 ET
Artis Real Estate Investment Trust Announces Monthly Cash Distribution
WINNIPEG, Nov. 15, 2019 /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") announced that its trustees have declared a monthly cash distribution of $0.045 per trust unit ("Unit") of Artis for the month of November, 2019. The cash distributions will be made on December 13, 2019 to Unitholders on record as of November 30, 2019.
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Nov 04, 2019 15:00 ET
Artis Real Estate Investment Trust Releases Third Quarter Results and Provides Update on New Initiatives
WINNIPEG, Nov. 4, 2019 /CNW/ - Today Artis Real Estate Investment Trust ("Artis" or the "REIT") issued its financial results and achievements for the three and nine months ended September 30, 2019, and provided an update on its new initiatives announced on November 1, 2018, (the "New Initiatives").  The third quarter results in this press release should be read in conjunction with the REIT's consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the period ended September 30, 2019.  All amounts are in thousands of Canadian dollars unless otherwise noted.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
3.08
4.72
7.56
Price to Book - most recent quarter
0.65
1.04
1.36
Price to Cash Flow per share - TTM
21.04
11.20
11.32
Price to Free Cash Flow per share - TTM
17.33
28.80
18.62
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Nov 15, 20191,472,012-230,484
Oct 31, 20191,702,496-360,924
Oct 15, 20192,063,420-67,186
See Short Report

Business Summary

Sector:  Financials Industry:  Commercial REITs

Artis Real Estate Investment Trust (Artis) is an unincorporated closed-end real estate investment trust (REIT). The Company's objective is to provide stable, reliable and tax efficient monthly cash distributions, as well as long-term appreciation in the value of Artis' units. Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario. The Company's properties are diversified across industrial, retail, and office asset classes, and geographically across western Canada, Ontario, and in select markets in the United States. Its REIT portfolio includes over 250 commercial properties totaling approximately 26.2 million square feet of gross leasable area. Artis' portfolio includes Hudson's Bay Centre, Union Crossings II, Cargill R&D, Stampede Station II, Park 8Ninety, 601 Tower at Carlson, Corridor Park, Crowfoot Village, Shoppes of St. Vital and Union Crossings III.

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