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

Business Focus: Commercial REITs

INK Edge Outlook

Mostly sunny as of August 01, 2019
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Insider Chart - Past 6 Months

Insider Filings

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

Aug 15, 2019 17:00 ET
Artis Real Estate Investment Trust Announces Monthly Cash Distribution
WINNIPEG, Aug. 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 August, 2019. The cash distributions will be made on September 13, 2019 to Unitholders on record as of August 31, 2019.
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Aug 06, 2019 07:30 ET
Artis REIT Announces Retention of Advisors by Special Committee
WINNIPEG, Aug. 6, 2019  /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") is pleased to announce that its Board's Special Committee has retained Citigroup Global Markets Inc. and Scotiabank to provide financial advisory services to the Committee in connection with Artis' previously announced strategic alternatives review.  Goodmans LLP is legal counsel to the Special Committee.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
3.28
4.31
6.84
Price to Book - most recent quarter
0.67
0.99
1.53
Price to Cash Flow per share - TTM
30.05
11.10
11.11
Price to Free Cash Flow per share - TTM
20.18
34.52
20.45
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Aug 15, 20192,738,192-119,136
Jul 31, 20192,857,328-18,813
Jul 15, 20192,876,141-111,249
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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