Artis Real Estate Investment Trust: A Comprehensive Overview

Understanding Artis REIT

Artis Real Estate Investment Trust (Artis REIT) is a Canadian real estate investment trust (REIT) specializing in the ownership and operation of industrial, office, and retail properties across Canada.

Key Focus

Artis REIT is dedicated to generating a reliable and expanding stream of cash distributions to unitholders. The trust's investment strategy focuses on acquiring and managing income-producing properties in key markets.

Recent News

On February 14, 2023, Artis REIT announced the closing of the sale of a non-core industrial property in Ajax, Ontario. This sale aligns with the trust's plan to optimize its portfolio and enhance long-term value.

Dividend Information

Artis REIT has a forward dividend yield of 9.04% and pays monthly distributions.

The trust's strong financial performance and commitment to dividend growth make it an attractive option for income-oriented investors.

Investment Strategy

• Acquiring income-producing properties with stable cash flows.
• Focusing on key markets with strong economic growth potential.
• Implementing a rigorous due diligence process to ensure property quality.

Portfolio Highlights

As of December 31, 2022, Artis REIT's portfolio comprised the following:

• 63 industrial properties with a total of approximately 11.6 million square feet
• 32 office properties with a total of approximately 5.1 million square feet
• 17 retail properties with a total of approximately 1.7 million square feet

Financial Performance

For the year ended December 31, 2022, Artis REIT reported:

• Revenue of $176.2 million
• Net income of $56.3 million
• Distributable income of $47.1 million

Corporate Governance

Artis REIT is governed by a highly experienced and independent board of directors. The trust adheres to the highest standards of corporate governance and transparency.

Conclusion

Artis Real Estate Investment Trust is a well-established and reputable REIT with a successful track record of generating stable income for unitholders. With its diversified portfolio, sound investment strategy, and commitment to dividend growth, Artis REIT offers investors a compelling opportunity to participate in the Canadian real estate market.