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Compiling comments that experts make about stocks while on public TV.

2017-09-13

Opinion for Artis Real Estate Investment Trust (AX.UN-T)

Signal Price Bias Subject Owned
COMMENT $13.100 UNKNOWN REITs, BONDS AND DIVIDEND STOCKS Unknown

Was expensive at 13-14 times to AFFO, and traded at a premium to its BV. Got hit with Calgary and over exposure to Alberta. They are reducing their Alberta office space. Industrial and retail seem to be doing all right. They are trying to grow their US asset base, and have new properties in Houston and Phoenix. About 40% of their assets are now in the US. However, in the last 3 months, the US$ has gone down. They are trying to reinvigorate their company, because they got caught.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management http://www.avenueinvestment.com/

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