ARESF - Artis REIT: Better Portfolio Mix But Is It A Buy?
Investment Thesis
Artis REIT (OTCPK:ARESF) (TSX:AX.UN) owns a portfolio of commercial properties across North America. Over the past few years, it has reduced its exposure to the real estate market in Alberta. It also has a list of development projects that should boost its revenue and net operating income in the future. The REIT pays an attractive dividend with a dividend yield of 7.9% and is currently trading at a discount to the average of its peers. However, we are still concerned about its relatively higher exposure to the Alberta market, and its