Artis REIT: 8.5% Yield On Preferreds Beats The Common
Source: SeekingAlpha
2025-03-12 17:59:13 ET
Summary
- Artis Real Est In Tr's Q4-2024 showed continued success with their deleveraging efforts.
- The REIT's secured a new $520 million in credit facilities, addressing upcoming debt maturities and lowering overall interest rates.
- We go over why we are still not smitten with this kitten and why the preferreds offer a good risk-reward.
In our previous coverage of Artis Real Est In Tr ( AX.UN:CA ) we went over why the company's strategy had not succeeded, despite some valiant efforts over three years. We did conclude that the valuation was not too bad, though we had found other opportunities that presented a better risk-reward. The stock has been flat in terms of total returns since then. ...
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Artis REIT: 8.5% Yield On Preferreds Beats The Common
Artis Real Estate Investment Trust Unit
NASDAQ: ARESF
ARESF Trading
2.72% G/L:
$6.80 Last:
800 Volume:
$6.62 Open:
