Artis Real Estate Investment Trust
Artis Real Estate Investment Trust
Sector: Financial
Description
Artis Real Estate Investment Trust owns, develops, and maintains a diversified portfolio of retail, offices, industrial and commercial real estate properties.
The diversified REIT properties are located primarily in popular cities in North America.
Headquartered in Winnipeg, the firm was formed following a declaration of trust in 2004.
It’s stocks are listed and traded with the symbol ‘AX.UN’ on the Toronto Stock Exchange.
The closed-end REIT reportedly focuses on creating value for stakeholders, investors and unitholders by investing in potential commercial, industrial and retail properties.
As of March 31, 2021, the property portfolio comprises 207 commercial properties representing a gross leasable area of 22.5 million square feet.
Artis Real Estate Investment Trust owns properties in various Canadian provinces, including Ontario, Alberta, British Columbia, Manitoba and Saskatchewan. Some of the properties include:
• 1431 Church Avenue
• 525 Junction Road
• Fleet Street Crossing
• Alex Building
• Crowfoot Village
• 100 Signal Road
• 1350 Deming Way
• Capital City Centre
Artis REIT claims to focus on strategic asset ownership through disciplined growth and prudent financial management.
The diversified REIT owns various properties across multiple asset class in urban and suburban locations across North America.
The REIT firm reportedly focuses on accretive acquisitions to develop its portfolio and discard those assets that do not conform with its long-term strategy.
Artis Real Estate Investment Trust claims that its management team builds value by developing new projects, redeveloping assets strategically and engaging in property intensification initiatives.
The real estate investment trust also claims to focus on a stable and growing stream of cash distributions to benefit various stakeholders.
The Canadian real estate investment trust claims to have reduced risks related to interest rates by deploying various sources of staggering debt maturities.
The company claims to be a sector leader in developing, managing, and constructing commercial, retail, industrial, etc., properties in the United States and Canada.
Peers
FFH
Fairfax Financial Holdings Ltd
EQB
Equitable Group Inc
ELXR
Elixxer Ltd.
MIT
The Mint Corporation.
LIF
Labrador Iron Ore Royalty Corporation
WTE
Westshore Terminals Investment Corp
DELX
Delphx Capital Markets Inc
CFP
Canfor Corp
NA
National Bank of Canada
URC
Uranium Royalty Corp.
HCG
Home Capital Group Inc
MPT
Midpoint Holdings Ltd.