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Artis Real Estate Investment Trust (AX.UN-T) opinion on 2017-09-13

Last Price Recorded: 14.1600 on 2017-11-23

ON STOCKCHASE SINCE Feb 2007

property mngmnt/investment
COMMENT

Paul Gardner, CFA
Artis Real Estate Investment Trust was $13.100 at time of opinion
Owned : 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.

UNKNOWN

All opinions for AX.UN-T (226)

73 BUY
3 BUY on WEAKNESS
43 COMMENT
6 DON'T BUY
30 HOLD
3 PARTIAL BUY
1 PARTIAL SELL
24 PAST TOP PICK
7 SELL
1 STRONG BUY
25 TOP PICK
1 VAGUE
2 WATCH
7 WEAK BUY
View All

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All opinions for AX.UN-T (226)

73 BUY
3 BUY on WEAKNESS
43 COMMENT
6 DON'T BUY
30 HOLD
3 PARTIAL BUY
1 PARTIAL SELL
24 PAST TOP PICK
7 SELL
1 STRONG BUY
25 TOP PICK
1 VAGUE
2 WATCH
7 WEAK BUY
View All

More experts covering AX.UN-T

SAVE
Add AX.UN-T to Watch List

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