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Artis Real Estate Investment Trust Stock Symbol: AX.UN-T

Notes:Formerly Westfield REIT

Last Price Recorded: 15.9400 on 2014-08-29 01:14:32

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Date Signal Expert Opinion Price
2014-08-22 COMMENT Jeff Young

A high-quality REIT. In Western Canada and expanding into the US. Suffers from somewhat limited growth and being interest-rate sensitive. 6.7% yield.


Price:
$16.040
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2014-08-08 HOLD Jaime Carrasco

Likes this company and the fact that it is mostly Western-based, which is where the growth is.


Price:
$15.710
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
Yes
2014-07-31 BUY Greg Newman

They are upping their exposure into the US, which is currently at about 24%. Their goal is 30%. A higher leveraged name, but their balance sheet is improving. He sees in-line growth of around 3.5%, which is equal to its diversified peers. Payout ratio is trending down and looking a lot better.


Price:
$15.550
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-15 WEAK BUY Derek Warren

They issue more and more shares.  This is a way to grow.  But in the mean time every time the stock goes up you worry about another equity issue and it resets the price.  He is concerned about how soon they did the most recent acquisition after the previous one, but it is attractive here and he would not mind adding a little here.


Price:
$15.580
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2014-07-09 BUY Michael Missaghie

Diversified REIT that invests in office, industrial and retail.  Management team is focused on reducing leverage and payout ratio.  50% leverage right now.  Going forward the key is to make sure they have a laddered maturity profile for their debt.  They should be just fine.


Price:
$15.460
Subject:
REIT's
Bias:
CAUTIOUS
Owned:
Unknown
2014-07-08 BUY Paul Gardner, CFA

A great management team.  Made a strategic decision to explore in the US when assets were cheap.  About 25% of the portfolio is US.  They have retail, office, industrial.  They execute well.  They will be slightly hurt by the recent Canadian dollar appreciation.  They are trading nicely and not too expensive, but interest rates can get in the way. 


Price:
$15.370
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Unknown
2014-06-13 PAST TOP PICK Derek Warren

(A Top Pick June 17/13. Up 8.06%.) People have become more comfortable with this, and have started giving it a higher multiple. Recently did a large equity raise so they have some extra cash on the balance sheet. He is watching to see what they do with this.


Price:
$15.380
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
No
2014-06-09 BUY Andy Nasr

More of a growth by acquisition story. Management has done a good job digesting what they had. Recently did an acquisition to broaden their US exposure. Likes this because of the US exposure. Thinks you will see the benefit of a lower Cdn$ show up in the NAV. The US is a bit of an inflection point where you should see occupancy and rents go up, which will disproportionately benefit this company, being one of the larger caps in Canada that has US exposure. Trades at about a 10% discount to NAV.


Price:
$15.590
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
Yes
2014-06-04 HOLD Teal Linde

A REIT that is basically 50% office building, 25% industrial building and 25% retail. Have about 23% of their cash flow coming from the US. Regarded as a well managed REIT. Yield is quite attractive.


Price:
$15.660
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2014-05-23 DON'T BUY Michele Robitaille

Not one of her preferred REITs. Tended to grow somewhat aggressively without a huge view in terms of strategy of what markets and products they were in, in terms of property classes and quality of the assets.


Price:
$15.980
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
No
2014-04-29 PAST TOP PICK Derek Warren

(Top Pick Jun 17/13, Up 9.67%)  It continued to do better after he sold.  He was concerned about offices in Calgary.  The market is constantly in flux and the average worker has much more space than in Toronto.  Looking for a pullback to get back in.


Price:
$15.910
Subject:
REIT's
Bias:
BULL on REITs
Owned:
No
2014-04-28 BUY Peter Brieger

Likes it.  Their debt does not require that they pay back much over the next 2-3 years.


Price:
$15.950
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-03-19 PAST TOP PICK Michael Missaghie

(A Top Pick April 4/13. Up 5.04%.) Continues to like. Doesn’t feel they have gotten enough credit with respect to what they have done to the balance sheet and payout ratio. Management unfortunately has been faced with a “we’ll wait and see” from most investors. They are now starting to come into the name. It will re-rate to a higher multiple from his perspective. About 20% invested in the US.


Price:
$15.650
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2014-02-28 PAST TOP PICK Jaime Carrasco

(Top Pick Feb 22/13, Up 5.63%) Most of assets are concentrated in the west.  They bounced back.  The geography is important.  Well run, good dividend, good cash flow and low payout.


Price:
$15.670
Subject:
RESOURCE, UTILITY & REITs
Bias:
SELECTIVE
Owned:
Yes
2014-02-26 PAST TOP PICK Derek Warren

(Top Pick Jun 17/13, Up 5.55%)  He was worried about the development of office properties in Calgary.  This is one he thinks he should have bought back at the bottom.  The US properties have performed very well.  Concern in Calgary is that he is not sure if the oil companies will use all the office space being built.


Price:
$15.540
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
No
Showing 1 to 15 of 170 entries
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1 Comment

Bcavender

June 11th 2014 at 11:09pm

I have held Artis REIT for a number of years. I notice we have dropped almost 10% in the last four weeks.

Any thoughts as to why Artis is weakening?

Thoughts?

Best regards,
Bruce


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