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

Notes:Formerly Westfield REIT

Last Price Recorded: $14.9200 on 2015-05-04

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Date Signal Expert Opinion Price
2015-04-22 COMMENT Derek Warren

He is underweight the stock, but does like the valuation. This is not hinging on the oil prices, so the question is, at what point does the market get over this.


Price:
$15.000
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Yes
2015-03-19 BUY Andy Nasr

He would be adding to it here.  It was punished because of western Canada exposure but it is overblown.  They also have 25% US exposure.  This is a good entry point.  80% payout ratio.


Price:
$14.820
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-03-18 TOP PICK Michael Missaghie

NAV is close to $17. This has a very stable yield. Payout ratio has been brought down to about 85%. Investors are probably not giving them enough credit in that about a quarter of their assets are now in the US. Expects they will face some headwinds with respect to their Calgary office exposure. Yield of 7.31%.


Price:
$14.860
Subject:
REIT's
Bias:
SELECTIVE
Owned:
Yes
2015-03-03 COMMENT Derek Warren

This is something he has been spending a little bit more time on. Has been tarred with the Calgary brush. It has a large Calgary exposure with a lot of it in the suburban office or beltline office. There is a question that with the oil decline, how much this is going to affect Calgary. However, he is seeing the US portfolio is performing very well, and the stock is cheap. If you have a long-term view, you can get in now, otherwise you may hold off a bit.


Price:
$15.330
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2015-01-23 COMMENT Jaime Carrasco

The only concern is that a lot of the real estate is in Calgary, but they do have some pretty good leases in Calgary. The real question is how long we are going to be in the doldrums on oil prices. Has not added to his position, but has reduced when oil prices started coming down. Still too early to tell, but will be adding to this at some point.


Price:
$15.540
Subject:
RESOURCE, UTILITY & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-01-20 COMMENT Paul Gardner, CFA

Office and industrial out West, but is more in Manitoba. Really good management. Valuations are on the higher side. Have some assets in Minnesota which gives you a little more diversification. Management team adds a lot of value to the bottom line. Trades at about 15X price to AFFO. Has always been rumoured as a possible takeover target, but he doesn’t think that is going to happen for quite a while. Gives you a 7%+ yield.


Price:
$15.120
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
UNKNOWN
Owned:
Yes
2015-01-09 TOP PICK Andy Nasr

A great buying opportunity. Trading at a 15% discount to NAV. Everyone is throwing up their arms saying there is an excess supply in Calgary and low commodity prices are really going to hurt them. If you drill down into the numbers, their Western Canada exposure is significant, but the Calgary office exposure is very limited, at less than 15% of their net operating income. The offshoot is that they have a whole bunch of US exposure, about 25% of their net operating income, which is really benefiting from the appreciation of the Cdn$. Payout ratio is about 85%. Internally managed. 7% yield.


Price:
$15.350
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
BULLISH
Owned:
Yes
2014-12-29 STRONG BUY Derek Warren

Has been growing more in the US.  Pulled off recently due to Western Canadian exposure.  The portfolio continues to perform well and they are focusing on the US market to diminish the risk of Calgary.  It is probably a good time to be getting in.


Price:
$14.290
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Unknown
2014-12-08 PARTIAL BUY Jeff Young

It is in Western Canada, which is getting sold off now, and it is offices, which are experiencing over supply now.  These are being overdone, pushing the stock price to the down side.


Price:
$14.680
Subject:
CANADIAN DIVIDEND
Bias:
BEAR on ENERGY
Owned:
No
2014-11-13 COMMENT Derek Warren

Have a diversified portfolio in different sectors. There is a lot of Western Canadian focus. Have also been going into the US a lot. That is a strategy that could be hit/miss. Had expected better earnings
this last quarter. They are into development now in Texas. He always gets worried about a Canadian
that gets too get aggressive in a market that is not their home market. A safe company with a safe payout and a decent yield. Doesn't expect it will have as much upside growth.


Price:
$15.700
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Unknown
2014-11-12 BUY Paul Gardner, CFA

Management is solid.  It is a western story.  It is about 20% in the US.  They had a hiccup related to a lease termination there.  Their occupancy rate went down from 96 to 94% and it affected their AFFO.  It is just a matter of timing and they will lease it back up.  The payout is not too heavy.  Thinks it will continue to grind higher, but it is late stages.


Price:
$15.690
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Yes
2014-10-16 TOP PICK Michael Missaghie

Large proportion (20%) of their assets are in the US and the rest in the four western Canadian provinces.  Took advantage of very open capital markets to grow its portfolio on the asset side accretively.  They brought down the payout ratio and the leverage.  The distribution is over 7%.  Thinks the NAV is approximately $17.


Price:
$15.130
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-02 PARTIAL BUY Andy Nasr

Bought US properties when dollar was close to par.  The issue is that there is some suburban office exposure in Western Canada.  The dividend is sustainable.  He would nibble away here, but you may get a better opportunity in the coming months.


Price:
$15.180
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
Unknown
2014-09-25 SELL Michele Robitaille

(Market Call Minute)They don’t have particularly great quality buildings.  They don’t have a focused strategy and there is no organic growth profile there.


Price:
$15.350
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
No
2014-09-10 WEAK BUY Paul Gardner, CFA

We are in the 8th to 10th inning of a baseball game with an extra inning.  It is about 14 times AFFO.  He thinks you get a 6-8% rate of return and nothing more than that.  They are good operators.  They are good at adding value.  They are at a high price level and there is always a feeling they could be taken out by a bigger entity.


Price:
$15.750
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 186 entries
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2 Comments

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

Estheris

September 10th 2014 at 2:52am

AJM Plumbing & Heating Gloucester Ltd are a local, family run company, providing a friendly, professional and reliable service.


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