Nav can be a great way to gauge how realistic a reit price is since this helps to act as an anchor that keeps valuations in the realm of reality. During the past 5 years, the average book value per share growth rate was 8. Investors can take the navps number and compare it to the reit price and decide how far off the valuation is and whether the price is justified. A private investor is a recipient of the information who meets all of the conditions set out below, the recipient. Artis real estate investment trust is a closed end real estate investment trust. Artis reit s portfolio comprises properties located in central and western canada and select markets throughout the united states, including regions such as alberta, british columbia, manitoba, ontario, saskatchewan, arizona, minnesota, colorado, new york, and wisconsin. Eight wellvalued reits in a surging real estate sector. Aug 10, 2014 the differences between a book value per share calculation and a net asset value per share calculation are fairly small but the difference in valuation can be quite large when comparing these metrics amongst the reit prices in question. Real estate investment trusts reits, which provide some of the best total returns in the investment world, along with aboveaverage dividend yields and stable earnings, have become increasingly popular with both individual and institutional investors.
May 09, 2019 debt to gross book value gbv artis calculates gbv based on the total consolidated assets of the reit, adding back the amount of accumulated depreciation of property and equipment. Is agnc investment a buy at a discount to book value. Toronto including stock price, stock chart, company news, key statistics. Tse company profile, corporate revenues, growth, market size, analysis, business forecasts, market share, metrics, swot. Artis real estate investment trust is an openend real estate investment trust.
Otc us including stock price, stock chart, company news, key statistics, fundamentals and company profile. In fact, artis has been a longrumored takeover candidate for years now. Analyzing artis real estate investment trust unit tse. Artis debtgross book value of 53% is above the companys longterm target of 45%. The reit forum provides sector updates which utilize the ratios of price to current estimated book value. An assets book value is equal to its carrying value on the balance sheet, and companies calculate it netting the asset against its accumulated depreciation. Stockholders of record on sunday, march 31st will be given a dividend of 0. Artis reit axu stock price live quote historical chart. Latest closing price divided by the earningspershare based on the trailing 12 months. Stock strategy builds on three ways to enhance shareholder value. Nov 04, 2019 debt to gross book value gbv artis calculates gbv based on the total consolidated assets of the reit, adding back the amount of accumulated depreciation of property and equipment. The cash distributions will be made on october 15, 2019 to. The reit s units trade at a deep discount of 35% to net asset value today, with a price to net book value multiple of 0.
Uns stock price, price target, dividend, earnings, forecast, insider trades, and. The companys properties are also diversified across industrial, retail, and office asset classes. Artis real estate investment trust engages in the investing in office, retail, and industrial properties. Find out all the key statistics for artis reit pref series i axpi. Aresf q4 2019 results earnings conference call february 28, 2020 2. Going a step further, a reit can be justifiably priced at a premium or discount after the navps is calculated. May, 2020 artis debtgross book value of 53% is above the companys longterm target of 45%. Artis real estate investment trust artis is an unincorporated closedend real estate investment trust reit.
Artis reit is one of the largest diversified commercial real estate investment trusts in canada and is an unincorporated closedend real estate investment trust primarily focused on creating value for unitholders through the investment in and ownership of quality commercial properties in select markets. Artis debtgross book value of 53 % is above the companys longterm target of 45 %. Artis real estate investment trust releases first quarter results. Stock analysis for artis real estate investment trust aresf. Mar 04, 2020 the net asset value nav is one of the best metrics to use when assessing the value of a real estate investment trust reit. Artis real estate investment trust releases third quarter. The pe ratio of artis real estate investment trust unit is 11. Artis real estate investment trust aresf ceo armin martens. Eight wellvalued reits in a surging real estate sector the. Artis reit announced a monthly dividend on friday, march 15th. Artis real estate investment trust tangible book value. Artis real estate investment trust trust units stock markets insider. Find out all the key statistics for artis real estate investment tr axun.
Toronto including stock price, stock chart, company news, key statistics, fundamentals and company profile. The post 1 top canadian reit yielding 6% is on sale today appeared first on the motley fool canada. Artis real estate investment trust price to book value. How has artis real estate investment trusts share price performed over time and what events. Apr 11, 2019 in spite of this bounce, the reit units are still trading modestly below their book value. Aug 01, 2019 debt to gross book value gbv artis calculates gbv based on the total consolidated assets of the reit, adding back the amount of accumulated depreciation of property and equipment. Toronto stock quote artis real estate investment trust. Debt to gross book value gbv artis calculates gbv based on the total consolidated assets of the reit, adding back the amount of accumulated depreciation of property and equipment. To, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Oct 14, 2016 artis real estate investment trust tsx. Artis real estate investment trust unit has a pb ratio of 0.
Artis reits board of trustees believe that sound governance practices are essential with respect to the longterm interests of artis and the enhancement of value for all of its unitholders. Artis real estate investment trust is an unincorporated closedend reit based in canada. Its portfolio consists of industrial, retail and office properties in canada and the united states. The companys portfolio comprises of properties primarily divided into office retail and industrial in central and western canada and select markets throughout the united states. Artis reit stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news. Since 2004, artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in british columbia, alberta, saskatchewan, manitoba, ontario and select markets in the united states. Pricetobook ratio pb ratio definition investopedia. This stock price testing suggests that the stock price is reasonable and below the median. Artis continues to monitor the covid19 pandemic and its impact, and to take all appropriate measures to.
View analysts price targets for artis real estate investment trust unit. Artis reit is a diversified canadian real estate investment trust with its head office located in winnipeg, manitoba. Artis real estate investment trust units axunt quote the. May 09, 2018 artis is a welldiversified reit with properties canadawide and properties south of the border. The board of trustees recognizes that proper and effective corporate governance is a significant concern and priority for investors and other stakeholders. In spite of this bounce, the reit units are still trading modestly below their book value. The companys objective is to provide stable, reliable and tax efficient monthly cash distributions, as well as longterm appreciation in the value of artis units. Get the latest artis real estate investment trust trust units stock price and detailed information including. Nov 01, 2018 artis real estate investment trust releases third quarter results and announces new initiatives to deliver improved value to unitholders canada newswire winnipeg, nov.
Artis real estate investment trust is a canadabased closedend real estate investment trust reit. Artis reit s portfolio comprises properties located in central and western canada and select markets throughout the united states, including regions such as alberta, british columbia, manitoba, ontario, saskatchewan, arizona, minnesota. Shares trade at just 11x affo, and well under book value. Aresf artis real estate investment trust summary, stock. The differences between a book value per share calculation and a net asset value per share calculation are fairly small but the difference in valuation can be quite large when comparing these metrics. Armour residential reit s book value per share for the quarter that ended in dec. Obtains access to the information in a personal capacity. Artis real estate investment trust releases 2018 annual. Artis real estate investment trust price to book value ax. The companys satisfactory 4q18 results featured aggressive share repurchases and marketing of assets for divestiture. Artis reit s portfolio comprises properties located in central and western canada and select markets. Artis trades at 6x 2020 ffo, well below the 12x average for all canadian reits.
Like the price toearnings pe ratio, a low pb ratio isnt always indicative of an undervalued company. Quick and dirty mreit discounts for 02252020 seeking alpha. Apr 24, 2020 its easy to argue artis shares are still undervalued, even after a 25% runup from recent lows. Artis real estate investment trust releases second quarter. The company owns commercial properties in select markets. It focuses on creating value for unit holders through the ownership of commercial. In depth view into artis real estate investment trust price to book value including historical data from 2004, charts, stats and industry comps. Its easy to argue artis shares are still undervalued, even after a 25% runup from recent lows. The new fourth edition of the definitive handbook on investing in real estate investment trusts reits. Key points from 1q19 results press release, financial supplement, and conference call. Colony credit disappointed the skeptics for a change.
Latest closing price divided by the last 12 months revenuecash flow per share. A reit is a security traded like regular stocks that invests solely. Artis is a diversified canadian real estate investment trust investing in office, retail and industrial properties. It focuses on creating value for unit holders through the investment and ownership of quality commercial properties in select markets. Artis reit s portfolio comprises properties located in central and western canada and select markets throughout the united states, including regions such as alberta, british columbia, manitoba, ontario, saskatchewan. Artis reit s board of trustees believe that sound governance practices are essential with respect to the longterm interests of artis and the enhancement of value for all of its unitholders. Artis real estate investment trust releases first quarter. Artis reit is one of the largest diversified commercial real estate investment trusts in canada and is an unincorporated closedend real estate investment trust primarily focused on creating value for unitholders through the investment in and ownership of quality commercial properties in select markets artis reit s portfolio consists of industrial, retail and office. The price to book pb ratio is widely associated with value investing. Artis real estate investment trust is a closedend reit based in canada.
Aug 01, 2019 artis is a diversified canadian real estate investment trust investing in office, retail and industrial properties. Artis reit is focused on producing a stable and growing stream of cash distributions for unitholders. We own quality office, retail, and industrial properties. Stock analysis for artis real estate investment trust axu. Those estimates incorporate the impact of expected changes in book value. Detailed price information for artis real estate investment trust units. A financial ratio used to compare a companys current market price to its book value. In depth view into artis real estate investment trust tangible book value per share including historical data from 2004, charts, stats and industry comps. Aresf stock price artis real estate investment trust. During the past 3 years, the average book value per share growth rate was 5. Artis reit s portfolio comprises properties located in central and western canada and select markets throughout the united states. The net asset value nav is one of the best metrics to use when assessing the value of a real estate investment trust reit.
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