ARTIS REIT: Lagging Price Performance Due To Lack of Investor Interest In The REIT’s Vague Vision

Posted on by John Sheehy

Artis' unit price has underperformed the Canadian REIT sector year to date, since the 3/10/21 "Vision" announcement, and over the long-term. Artis' new management team has moved boldly to build value for investors in 2021 through asset sales and unit repurchases, however the REIT has not been successful at reducing the discount at which the … Continue reading ARTIS REIT: Lagging Price Performance Due To Lack of Investor Interest In The REIT’s Vague Vision

Artis REIT: High Rent Collection, Valuable Industrial Assets, And Low Price

Posted on by John Sheehy

Artis 5/12 unit price is a 51% discount to IFRS Net Asset Value of $15.52/unit Artis trades at 6X 2020 FFO, well below the 12X average for all Canadian REITs Artis price has underperformed the sector since 2/28 despite an improved business mix and strong rent collections The company's Strategic Review concluded without a transaction, … Continue reading Artis REIT: High Rent Collection, Valuable Industrial Assets, And Low Price

Artis REIT: Liquidation Sale?

Posted on by John Sheehy

Artis 3/3 unit price is a 16% discount to IFRS Net Asset Value of $15.56/unit Artis trades at 8X 2020 FFO, well below the 15X average for all Canadian REITs The strategic initiatives announced in November 2018 have been aggressively implemented and the benefits are fully reflected in the unit price The share price now … Continue reading Artis REIT: Liquidation Sale?

Artis REIT: Strong Operating Results Overshadowed Strategic Initiatives

Posted on by John Sheehy

Artis 8/2 unit price is a 22% discount to IFRS Net Asset Value of $15.37/unit Artis trades at 8.8 X 2019 FFO, well below the 14X average for all Canadian REITs and 16X average for all US REITs The strategic initiatives announced in November 2018 have been aggressively implemented and an independent Special Committee is … Continue reading Artis REIT: Strong Operating Results Overshadowed Strategic Initiatives

Artis REIT: Delivering Value Faster Than Expected

Posted on by John Sheehy

Artis 5/10 unit price is a 28% discount to IFRS Net Asset Value of $15.55/unit Artis trades at 8.5 X 2019 FFO, well below the 14X average for Canadian REITs and 19X average for US REITs The strategic initiatives announced in November 2018 have been aggressively implemented and a new Special Committee will consider further … Continue reading Artis REIT: Delivering Value Faster Than Expected