Artis Real Estate Investment Trust (T:AX.UN)
Business Focus: Commercial REITs (NEC)
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | 600-220 Portage Avenue WINNIPEG MB R3C 0A5 |
| Tel: | 1-204-9471250 |
| Website: | https://www.artisreit.com |
| IR: | See website |
| Key People | ||
| Samir A. Manji President, Chief Executive Officer, Trustee | Gregory Moore Senior Vice President - Real Estate of Canada | Jaclyn Koenig Chief Financial Officer |
| Kimberly Riley Chief Operating Officer | Kara Watson Executive Vice President, General Counsel, Corporate Secretary | Philip Martens Executive Vice President - U.S. Region |
| Heather Nikkel Senior Vice President of Investor Relations and Sustainability | Marie Dunn Senior Vice President - Asset Management of U.S. Region | Brad Goerzen Senior Vice President - Leasing of Central Region | Amy Melchior Senior Vice President - Asset Management of Minnesota |
| Business Overview |
| Artis Real Estate Investment Trust is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Its portfolio comprises over 119 commercial properties totaling approximately 13.7 million square feet of gross leasable area. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 100 Omands Creek Boulevard; 1093 Sherwin Road; 1681-1703 Dublin Avenue; Keewatin Distribution Centre; 360 Main & Shops of Winnipeg Square; Hamilton Building; Bell MTS Building II; Grande Prairie Power Centre; Northern Lights Shopping Centre I; 2190 McGillivray Boulevard; 7499 East Paradise Lane; Superstition Springs; Maple Grove Industrial Center; North Scottsdale Corporate Center II; 100 Omands Creek Boulevard; 1431 Church Avenue; Prudential Business Park 1; 951-977 Powell Avenue & 1326 Border Street, and others. |
| Financial Overview |
| For the three months ended 31 March 2024, Artis Real Estate Investment Trust revenues decreased 11% to C$80.4M. Net loss applicable to common stockholders decreased 60% to C$10.4M. Revenues reflect Canada segment decrease of 10% to C$38.9M, FFO per Share (Basic) decrease of 17% to C$0.24, FFO per Share (Diluted) decrease of 17% to C$0.24. Lower net loss reflects Fair value loss on investment properties decrease of 96% to C$1M (expense). |
| Employees: | 169 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,564M as of Mar 31, 2024 |
| Annual revenue (TTM): | $326.00M as of Mar 31, 2024 |
| EBITDA (TTM): | $171.86M as of Mar 31, 2024 |
| Net annual income (TTM): | -$329.64M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$9.63M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,898M as of Mar 31, 2024 |
| Shares outstanding: | 109,311,328 as of May 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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