Artis Real Estate Investment Trust | StockChase
226
Artis Real Estate Investment Trust (AX.UN-T)

Last Price Recorded: $14.0700 on 2017-11-17

ON STOCKCHASE SINCE Feb 2007

Formerly Westfield REIT

property mngmnt/investment

Artis Real Estate Investment Trust


Signal Opinion Expert

2017-09-13

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

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.

property mngmnt/investment
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $13.100
Owned: Unknown

2017-06-21

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

Has a very small position in this, and wouldn’t be one of his Top picks right now. They are somewhat challenged in that they derive about 13% of their Net Operating Income from offices in Calgary. We are going to see a significant increase in office supply, with a good chunk happening in Calgary. Rents are trending lower which is bad news for this company. Feels the dividend should be relatively sustainable, and he can’t foresee any balance sheet issues. If you want a yield with a little more risk associated to it, you could hold onto this.

property mngmnt/investment
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $13.160
Owned: Yes

2017-06-01

DON'T BUY
Artis Real Estate Investment Trust (AX.UN-T)

Everyone expected that the Minnesota and Houston assets to outperform, but their Alberta assets got hit really hard when oil prices dropped. They are planning to sell some of their US assets. Good management. In office and retail, not only do you have to deal with Alberta’s slowing economy, but you are dealing with headwinds coming from retail.

property mngmnt/investment
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $13.240
Owned: Unknown

2017-04-18

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

Preferreds. The common stocks have done very well lately. They expanded into the US at the right time, which has helped provide stability. The common stock is yielding about 8%, and you may find by switching from the preferreds to the common, you get a similar yield plus upside, as opposed to the preferred which will be capped. You might want to talk to a financial advisor as some of the tax treatment might be different.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $13.670
Owned: Unknown

2017-02-24

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

Well-managed. Its properties are pretty decent. Retail REITs are not performing as well, so he prefers more diversified REITs. The yield is north of 8%.

property mngmnt/investment
Bill Shaw

Partner & Portfolio Manager, Exponent Investment Management

Price: $12.860
Owned: Unknown

2017-02-03

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

This gets you into a large Calgary exposure. This REIT has recognized that and has been expanding aggressively into the US. There are also conversations that they will be selling some of their Calgary office. If you have a very long time horizon, and you like the yield, it might be worth waiting through. 8.7% yield.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $12.460
Owned: No

2017-01-31

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

Primarily centres around Western Canada and excess office supply. Office supply in Canada is going to increase by about 3% during the next 5 years accumulatively. A lot of that office is in Toronto and Calgary, which means you are going to see above average vacancy during the next several years, which will pressure central business District rents for a lot of the new office spaces, and consequently put a bit of a downward pressure on suburban office rents, which tend to be some of the stuff this company owns. Trading at a substantial discount to NAV. He owns a little of this, but is cautious because the payout ratio is relatively high. Dividend yield of 8.8%.

property mngmnt/investment
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $12.240
Owned: Yes

2017-01-23

PAST TOP PICK
Artis Real Estate Investment Trust (AX.UN-T)

(A Top Pick April 5/16. Up 37.7%.) (Preferred Shares.) He had an opportunity last year in the rate reset market as people were selling preferred shares off in fear of rates going to zero. Still feels there is upside. Thinks they will call this in 2018 and you still get the 6% yield. If they don’t call it, then you will get reset into a yield that is higher than what you are getting paid now.

property mngmnt/investment
Steve DiGregorio

Portfolio Manager, Canoe Financial

Price: $12.360
Owned: Yes

2016-12-22

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

A well-managed company, largely based in Western Canada. Real estate, particularly commercial real estate, in Western Canada has not done as well. That may come back as the energy market comes back, but this is an interest sensitive stock, and if the market feels rates will rise over the next year, which he thinks is the case, REITs generally will underperform. However, this one looks pretty cheap.

property mngmnt/investment
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $12.430
Owned: Unknown

2016-12-15

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

It is a name that has been challenging because of the western Canada exposure.  They are divesting out of some of Western Canada and going into the US.  He’d hang on to it.  The payout ratio is about 90% but he does not think things can get worse in western Canada.  They are focused on more suburban markets.

property mngmnt/investment
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $12.070
Owned: Yes

2016-11-23

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

This has been beaten up a lot. It is currently trading at about $11.70, and its asset value is closer to $15. Payout ratio is going to hover between 90% and 95%. It is challenged by vacancies in Western Canada. Management is trying to reposition the portfolio, and exit out of some of the space they have in Western Canada, and redeploy that into the US. In the meantime, you are going to be able to get your dividend and doesn’t think it will get cut. Dividend yield is north of 9%.

property mngmnt/investment
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $11.700
Owned: Yes

2016-11-17

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

A high yield can be seducing. This is a balanced company, and is a good high-yield pick. Pick one or 2 of the Top Picks, and then add a little bit of the higher yielders. Just don’t put all your money into one high-yield. Accept lower yields in higher-quality names that are trading cheap.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $11.580
Owned: No

2016-09-20

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

He owns a little. A good, deep value name for Canadian investors looking for a mid-single digit yield as the payout ratio is under 100%. The concern is not if rates are going to go up and affect their cash flow growth, it really has to do with lower commodity prices in Western Canada. They just did an equity issue to buy some US assets, and there is a little bit of an overhang there. Good value and decent yield.

property mngmnt/investment
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $12.720
Owned: Yes

2016-09-02

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

A diversified story. You are getting a bit of Calgary office, some good Western Canadian retail, some solid US office. A large liquid name and the yield is very attractive. Valuation is reasonable. He doesn’t expect a lot of appreciation.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $12.740
Owned: No

2016-08-15

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

(Market Call Minute.) Sold his holdings recently. It has good US exposure, but they have a bigger Calgary portfolio than almost anybody out there.

property mngmnt/investment
John Zechner

Chairman, J. Zechner & Assoc

Price: $13.000
Owned: No

Showing 1 to 15 of 226 entries
<< < 1 2 3 4 5 > >>
Post Comment

3 Comments

Bcavender

June 11th 2014 at 8:09pm

I have held Artis REIT for a number of years. I notice we have dropped almost 10% in the last four weeks.

Any thoughts as to why Artis is weakening?

Thoughts?

Best regards,
Bruce

Estheris

September 9th 2014 at 11:52pm

AJM Plumbing & Heating Gloucester Ltd are a local, family run company, providing a friendly, professional and reliable service.

kevincross

February 8th 2017 at 4:13am

This is really good video that sums up things, i remember first time seeing it and it was frustrating i couldnt understand anything now after some time i come back and everything is understandable. It takes time to learn people dont expect something to happen by investing nothing?. http://alaskarex.com/


You must be logged in to comment.