Artis Real Estate Investment Trust has declared a special distribution of $2.39 per trust unit, which will comprise 32 cents per unit payable in cash and $2.07 per unit payable in units. Morguard REIT (MRT.UN) Morguard Real Estate Investment Trust is a closed-end trust listed on the Toronto Stock Exchange (TSX) under the symbol MRT.UN. Artis published a presentation on 11/5 with useful new information: Artis has invested $214mm in Industrial development projects since 2014 and achieved an IRR of 29.8% During the Strategic Review the " Special Committee concluded that a sale of the REIT would maximize unitholder value " PREFERRED HOLDER FIRM CAPITAL OPPOSES RETAIL SPINOFF Artis REIT I wrote about recently, but has since released its financial results. WINNIPEG, MB, Dec. 20, 2021 /CNW/ - Artis Real Estate Investment Trust ( "Artis" or the "REIT") (TSX: AX.UN) announced that its trustees have declared a special distribution of $2.39 per trust unit ("Unit"), which will comprise of $0.32 per Unit payable in cash and $2.07 per Unit payable in Units. To retain its status, a REIT must distribute at least 90% of its taxable income. The sale . Hi All, I have a question about the "special distribution" that AX paid out on Dec 31st. The Company is engaged in the business of owning and leasing farmland. The taxable income, in this case, excludes capital gain and foreclosure income. The special distribution will be paid Dec. 31 to unitholders of record at the close of business that day. This special distribution is in addition to the monthly distributions totalling 59.27 cents per unit during 2021. )Cominar Vote December 21st . . | January 17, 2022 On March 10, 2021, Artis announced a new vision and strategy for the REIT - to build a best-in-class asset management and investment platform focused on growing net asset value per unit and . Price: $ Change: $ Volume: Day High: $ Day Low: $ Last update: Another more precise definition is that it is the distribution necessary for a REIT to maintain its status and not pay corporate-level tax based on the income, or excise tax. Artis REIT Artis is expected to announce its special distribution in the next 12 days or so (could be as high as $1-$1.50, but nothing announced, so this is simply a guess based on income). The cash distributions will be made on September 15, 2022 to Unitholders on record as of August 31, 2022. I was pleasantly surprised they surpassed my $17 NAV target to hit $17.40 NAV. Disclosures & Notes The author is a unitholder of Artis . . Realizing value from H&Rs asset sales will create a special distribution this year, as mentioned by management and discussed further below. Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) (TSX: AX.PR.A) (TSX: AX.PR.E) (TSX: AX.PR.I) announced today its financial results for year ended December 31, 2021. AX Special Distribution EX Dividend Date December 30th (Estimated! WINNIPEG, MB, Aug. 15, 2022 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced that its trustees have declared a monthly cash distribution of $0.05 per trust unit ("Unit") of Artis for the month of August, 2022. 87 votes, 13 comments. During 2021, Artis sold 29 industrial properties, six office properties, six retail properties as well as a portion of a retail property for an aggregate sale price of $858.6 million. WINNIPEG, MB, Dec. 20, 2021 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced that its trustees have declared a special distribution of $2.39 per. Artis's 3Q20 earnings announcement promised a 3% distribution increase and Sandpiper promises that its nominees will support a 10% increase. The mandate of the Trust is to accumulate a Canadian portfolio of high-quality real estate assets - then actively . Canadians interested in investing and looking at opportunities in the market As noted previously, Artis REIT has announced a special distribution of $2.39/unit. MT Newswires. The special distribution will comprise of 32 Canadian cents per unit payable in cash and C$2.07 per unit payable in units. AX Special Distribution Announcement estimated the 15th. As noted previously, Artis REIT has announced a special distribution of $2.39/unit. The distribution is expected to be a Capital Gain of $2.07/unit, and ROC of $0.32, for a total of $2.39, but subject to many factors and not guaranteed this is how it will end up on the T3. Artis reit has recently increased monthly distribution from $0.04635 to $0.05 (around 7.8% increase). Artis is expected to declare a special distribution over the next 2 weeks. Gladstone Land Corp is an agricultural real estate investment trust (REIT). I . Artis reit has recently increased monthly distribution from $0.04635 to $0.05 (around 7.8% increase). Special Distribution. The annual results in this press release should be read in conjunction with the REIT's consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2021 . Publishes detailed thoughts on Artis and the opportunity for significant value creation at the following link: www.abetterartis.comOutlines an act. Artis REIT is focused on producing a stable and growing stream of cash distributions for Unitholders from the ownership and management of high quality retail, commercial, and industrial properties in primary and growing secondary markets in Canada and the U.S. Show distributions for the year: The Trust had total real estate assets of $2.5 billion as at June 30, 2022. Artis Real Estate Investment Trust's trustees declared a special distribution of C$2.39 per trust unit. WINNIPEG, MB, Dec. 20, 2021 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced that its trustees have declared a special distribution of $2.39 per. Most of this is from the sale of industrial assets . I . artis real estate investment trust announces special distribution of $2.39 per trust unit canada newswire winnipeg, mb, dec. 20, 2021 winnipeg, mb, dec. 20, 2021 /cnw/ - artis real estate. Special Distribution. The distribution is expected to be a Capital Gain of $2.07/unit, and ROC of $0.32, for a total of $2.39, but subject to many factors and not guaranteed this is how it will end up on the T3. WINNIPEG, MB, Dec. 15, 2021 Artis Real Estate Investment Trust announced that its trustees have declared a monthly cash distribution of $0.05 per trust unit of Artis for the month of December,. WINNIPEG, MB, Dec. 20, 2021 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced that its trustees have declared a special distribution of $2.39 per. Property NOI by Asset Class. Artis REIT Declares a Special Distribution of C$2.39 per Unit. 208k members in the CanadianInvestor community. Stock Quote. Below I outline the path to $20 NAV, possibly by the end of Q1 reporting. WINNIPEG, MB, Dec. 20, 2021 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced that its trustees have declared a special distribution of $2.39 per trust unit ("Unit"), which will comprise of $0.32 per Unit payable in cash and $2.07 per Unit payable in Units. . Listed: 2013 Management - Headed by David J. Gladstone who has track record of managing REITs in the past before founding Gladstone Corporation. 12/20 17:05-- Artis REIT Brief: Details Special Distribution OF $2.39 Per Trust Unit. Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced that its trustees have declared a monthly cash distribution of $0.05 per trust unit ("Unit") of Artis for the month. -- Artis REIT Brief: Board of Trustees Expects to Announce Result of 100 Day Review and "Go Forward Vision and Strategy" on Wednesday, March 10, 2021 Before Market . . Artis contributed $112.0 million to acquire approximately 32.64% of the total common equity units in the newly formed entity and also acquired $100.0 million of junior preferred units that carry a. This special distribution is in addition to the monthly distributions totaling $0.5927 per unit . Artis REIT is focused on producing a stable and growing stream of cash distributions for Unitholders. Additionally, H&R negotiated the no risk option, to repurchase The Bow in 2038, at a price of 735M, which is 60% of the total deal price. . Hi All, I have a question about the "special distribution" that AX paid out on Dec 31st. I expect . MT Newswires. This calculation does not include the special cash (and noncash) $0.32 per unit distribution that was declared, as this is not a normal, recurring distribution - rather, it was directly related to potential taxes unitholders may have to pay because of asset sales Artis completed last year. Retail: 21.2% Industrial: 31.9% Office: 46.9%. 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