2024-04-04 08:39:19 ET
Summary
- Artis's unit price has fallen significantly since the beginning of the rate hike cycle, and we wanted to take a closer look due to its low valuation and high yield.
- The REIT's portfolio consists of industrial, office, and retail assets in the US and Canada, with a focus on the US and Western Canada.
- Following the failure of the strategic review, Artis has focused on selling industrial and retail assets, increasing its office exposure.
- While the units look cheap, we see too many risks ahead and are initiating at a Hold.
Summary
Read the full article on Seeking Alpha
For further details see:
Artis REIT: Should You AX It From Your Portfolio?