Artis Real Estate Investment Trust (AX.UN.TO)…

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Artis Real Estate Investment Trust (AX.UN.TO)

8.82

-0.38 (4.13%)

as of Feb 3, 2026, 9:00:00 pm Market Open.

202 watching

Investor Insights

Jul 1, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Artis Real Estate Investment Trust (AX.UN-T) is facing significant challenges as highlighted by various experts. The company is set to undergo a transition to being a private entity without any premium, which is expected to lead to a temporary delisting and a negative market reception. The reviews point out that the REIT is diversified across different property types and geographical areas including Canada and the US; however, this diversification has not garnered much institutional interest. Concerns about the balance sheet suggest that Artis is over-leveraged, prompting asset sales that primarily include some of their best-performing properties. Consequently, the consensus indicates that the REIT's future prospects appear dim, and investors are advised to consider reallocating their capital into more promising opportunities in the market.

Consensus

Avoid

Valuation

Overvalued

Similar

Tanger,SKT

BUY

For those looking for yield, this is more volatile. Based in Winnipeg, but have very diversified locations, which makes you wonder if they can manage them all. Feels they are survivors. Good growth. Good yield of 8.7%.

BUY

Riskier than Canadian REIT. Smaller portfolio, Payout ratio above 100%. Concentrated in Western Canada. Would like to see them internalize property and asset management.

BUY

Have been on tremendous acquisition pace. Cap rates have been accretive to what their cost of borrowing is. Payout is above 100%, which is their biggest concern but they are growing into it. Thinks it will sustain itself and grow into its distribution.

WATCH

Have done a very good job of expanding. Recently acquired a lot of property in the US and Canada and wonders how good they are going to be at managing. A little bit of “show me” as payout ratio is around 115%-120%.

COMMENT

Have done a very good job. Grown mostly through acquisitions. Seem to be a perpetual issuer of capital so very difficult to get a clean look at their financial statements.

BUY

Distribution is 115% but is dropping down each quarter. Well managed and has excellent properties and are well funded. Acquiring and growing. 8.8% yield.

BUY

Good yield of 9.1%. There is also the potential for big upside in the event of a takeover or acquisitions of more properties. Could see $15-$17.

BUY

Had been knocked down because of too much Calgary exposure. Have diversified into mixed products of industrial and office. Have to bring their payout ratio down to 90% or lower. 9.2% yield.

COMMENT

Strong management team. Western Canadian-based commercial. Diversified. High growth. Attractive yield and relatively attractive valuation because of their exposure to the Calgary office market, which is a soft spot in real estate.

BUY

Basically a Western play and own retail, commercial and industrial. Very good at what they do. Biggest problem with their distribution was a little too high but are starting to grow into it. Attractive yield a 9.2%.

BUY ON WEAKNESS

Good quality name. Recently made a very accretive acquisition in Minnesota. Try to buy at around $10.50.

WEAK BUY

Has been changing and growing and covered with issues. They are trying to expand and diminish the effect of their Calgary exposure. Payout ratio is still a bit above what they are earning. Payout is 10%. Thinks there is danger. But he things they will work things out and are a good long term hold.

BUY

Great company, well run and good management. REITs will not have a change in their tax structure. 9.4% yield.

BUY

Probably a good long-term hold. Alberta-based but are spreading across the country. Payout ratio of 82%. Acquiring properties in Manitoba. Very safe and a good source for high yield.

BUY

Western Canadian focused. One of the knocks was that they had too much exposure to Calgary office space but has done a great job diversifying. Payout ratio of 82% and is coming down.

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Most Recent Experts

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Artis Real Estate Investment Trust (AX.UN.TO)