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When we last recommended Artis Real Est In Tr (ARESF), we were rather bullish on it as we saw significant upside potential in some form of a divestment or sale. The company was actively pursuing it and most likely would have consummated the deal, had the pandemic not struck. Our 12-month target price back then was $16.00/share.
The stock has lagged both the iShares S&P TSX 60 Index ETF (TSX:XIU) and the iShares S&P TSX Capped REIT Index (TSX:XRE).