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HRUFF - Artis REIT: A Good Start To Its Turnaround Plan
H&R Real Estate Investment Trust/H&R Finance Trust Stapled Unit
Investment Thesis
Artis REIT (ARESF) (TSX:AX.UN) delivered a solid Q2 2019 as the company continues to execute its strategy to restore investor confidence and improve its balance sheet. The company has a strategy to increase its exposure to industrial properties. This should help it improve its growth outlook as industrial properties are in hot demand due to the rise of e-commerce. The company also has several development projects in progress. Artis is currently trading at a discount to its peers and offers a 4.4%-yielding dividend. However, we expect some short-term volatility in its