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

Jun 10, 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 currently facing significant criticism from various experts for its ongoing challenges. The recent announcement indicates that the company will be sold at a substantial 44% discount to its intrinsic value, which raises alarms about its financial health and future prospects. Furthermore, the shift from monthly to quarterly distributions, and the considerable reduction in payouts, signal potential liquidity issues that investors should be cautious about. The company's current structure is under scrutiny, particularly as it plans to go private without any premium, leading to a largely unfavorable market reaction. Despite its diversification across office, retail, and industrial sectors in Canada and the U.S., institutional investors typically shy away from diversified REITs, and concerns have emerged regarding its balance sheet, compelling it to sell off valuable assets.

Consensus

Avoid

Valuation

Overvalued

Similar

Crombie, CDR.UN

BUY

Probably over distributing slightly at about 110%. They'll come on side late this year or early next year. Feels the distribution is safe. 9.3% distribution.

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WEAK BUY

REITs are going to have a good place in investors’ portfolios. A lot of them have very nice yields but they are going to react to higher interest rates. Be cautious.

PARTIAL BUY

Been challenged in a lot of ways. Made a lot of good moves and keep on surprising their detractors. 9.35% yield. Payout ratio and debt are too high. Large exposure to Calgary, which is still a question mark. Not likely to have to cut distributions.

COMMENT

Because this is technically a new entity, and their buildings still have a lot of leverage on them, the depreciation of each building is high and therefore almost 100% of their distribution is return of capital. Very accretive to investor as they are not paying any tax on it at this time.

BUY

One of the best performing REITs. Western-based. Have a lot of small deals. Too much debt and too high a payout ratio but are getting a lot of followers. Very credible group.

TOP PICK

Office, industrial and retail properties in Western Canada. Just reported with good results. Expect Q2 and Q3 will be good.

PARTIAL SELL

Have done a good job of building value. Not a top pick in his REIT list. Consider gradually selling out.

HOLD

Mix of office, industrial and retail. Market overreacted over the last year or two. Own it in a mutual fund he manages. Just took a little profit on it. Thinks they will deliver in the end. They are still going to grow.

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HOLD

Had a good rebound. Would be a little nervous about buying at these levels but would continue to hold.

PAST TOP PICK

(Top Pick Feb 12/09, Up 102%) Had tremendous exposure to Calgary so it sold off dramatically before he recommended it. They have done a good in that their offices are not so downtown, single tenant and now they are selling assets at gains and redeploying. Great job of managing balance sheet.

BUY

Just did a new issue so they are beefing up their acquisition and balance sheet. Well diversified in office, commercial and retail in the West. Concentrating on lowering their Alberta exposure. Excellent management.

TOP PICK

Western Canadian-based real estate company owning commercial/office/retail space primarily in Calgary. A bit of a trough right now so this is a good time to enter. 9.5% yield.

BUY

They like the company. They just started buying it. They recently got their balance sheet in order. They diversified into Winnipeg out of Calgary. He thinks that with a yield of 10.9%, over the next 6-9 months they will probably creep up. They can sustain their distribution and they are good operators. They are not as susceptible to the hot oil economy as one might think.

BUY

Commercial and industrial real estate in Alberta. Did a convertible debenture so they have funding in place. Not too expensive. Thinks the small-cap space in the rates is poised to outperform.

BUY

Likes where it is trading right now, but would prefer the converts to the units. It’s a good risk return

Showing 226 to 240 of 281 entries

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