94881233 - 1_bhhqagp1 - PID 1851201
    
    
      
    
  

  
    
        Artis REIT has a
diversified
        portfolio of retail,
        office, and industrial
properties
        across Canada and the US.
        The REIT is being weighed
down by
        investor caution about the
real estate area,
        particularly offices,
        in the wake of COVID-19.
        That has left it down
        11.9% year-to-date which
means
        some tax-loss selling
could
        also be holding it back
temporarily.
        However, it is trading
        above its 200-day moving
        average and also has
        some other factors moving
in its favour.
        Offices only represent 46%
of
        Artis' net operating
income in Q3,
        and some believe that
        investor negativity
        toward offices is
overdone.
        On Friday, legendary real
        estate investor Sam Zell
        put forth a bullish case
for
        offices on INK Ultramoney.
        Meanwhile, activist
investor Sandpiper Group
        has succeeded in stopping
a spin-out of
        retail assets and shook up
        the Artis board with
        5 new members on December
1st.
        Two weeks later, Samir
Manji
        became interim CEO.
        Insider buying continues
and
        free cash flow is on the
rise.
        If Artis can extract
        further value from its
operations,
        it could be well placed to
deliver
        unitholder value next
year.
        Get our full report via
INKResearch.com or
        the Canadian Insider Club
at
        CanadianInsider.com.
        This report is not
        a recommendation to buy or
sell securities.