- Artis delivered strong 3Q20 operating results with high rent collection and rising FFO.
- COVID impact has been limited due to portfolio of industrial assets, secondary office markets, and essential retail.
- Activist Sandpiper Group launched a proxy fight to replace 5 of the 7 directors.
- The proposed Retail spinoff was postponed.
- Out-of-favor diversified business model has suppressed the market value. Break-up or sale would deliver the full NAV/unit to investors.
For further details see:
Artis REIT: Break-Up Will Deliver Value, But Who Will Wield The Hammer?