Artis Real Estate Investment Trust

Artis Real Estate Investment Trust

ARESF
Artis Real Estate Investment TrustUS flagOther OTC
6.48
USD
-0.41
- -
621.86MMarket Cap
Artis Real Estate Investment Trust
ARESF
(Other OTC)

Recent

price

6.48

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.12
3.64
3.55
3.79
3.78
3.89
3.79
3.43
3.35
3.66
3.37
3.24
3.16
3.02
2.86
- -
2.44
Revenue per Share
0.58
4.02
3.21
1.45
1.36
-1.41
0.67
1.43
0.89
0.72
0.03
2.87
-0.18
-3.1
-0.57
- -
-1.71
Basic EPS, GAAP
-5.72
0.96
1.42
1.6
1.54
1.6
1.73
1.39
1.39
1.39
1.29
1.54
1.19
0.72
0.76
- -
0.68
Free Cash Flow per Basic Share
0.82
1.08
1.11
1.19
1.22
1.22
1.23
1.23
1.18
0.69
0.72
0.76
1.49
0.84
0.99
- -
0.86
Dividend per Share
-3.59
15.86
17.94
13.38
17.31
14.55
14.37
14.16
13.74
13.82
13.55
15.07
14.24
10.33
8.46
- -
5.8
Book Value per Share
14.99
15.9
18.07
17.63
18.13
16.29
15.88
15.14
15.43
15.28
14.99
16.73
17.16
13.7
13.37
- -
11.01
Tangible Book Value per Share
57
80
105
122
133
138
145
151
153
142
136
130
118
111
105
- -
98
Basic Weighted Avg Shares
178
291
372
463
501
536
549
516
513
522
459
419
373
336
300
240
240
Sales/Revenue/Turnover
61.01
59.12
61.32
61.97
60.45
59.91
58.78
57.61
56.52
56.63
56.02
53.7
54.31
52.71
40.88
-12.41
-12.88
Operating Margin (%)
- -
- -
- -
1
1
1
1
1
1
1
1
1
1
1
1
2
1
Depreciation Expense
33
321
340
191
198
-176
116
234
159
123
22
389
-5
-332
-47
-156
-156
Net Income, GAAP
0.89
- -
- -
- -
- -
- -
0.59
- -
0.33
1.46
3.29
0.33
158.43
- -
- -
- -
2.17
Effective Tax Rate (%)
18.7
110.59
91.37
41.25
39.53
-32.81
21.11
45.4
30.93
23.53
4.69
92.77
-1.42
-98.88
-15.79
-64.78
-64.78
Profit Margin (%)
23
-114
-148
-291
-415
-614
-815
-720
-270
-397
-704
-614
-945
-325
-324
-160
-160
Working Capital
1,251
1,664
2,043
2,188
2,258
2,112
1,839
1,689
2,245
2,141
1,646
1,164
963
1,042
631
606
606
LT Debt
854
1,270
2,050
2,484
2,729
2,568
2,627
2,605
2,738
2,471
2,334
2,455
2,229
1,716
1,581
1,254
1,254
Total Equity
6.58
- -
6.16
6.2
5.85
- -
5.96
- -
5.39
5.38
4.99
4.9
-2.66
- -
- -
- -
- -
Return on Invested Capital (%)
9.32
- -
11.75
6.73
6.31
- -
4.33
- -
4.98
4.39
2.14
10.44
-1.35
- -
- -
- -
5.09
Return on Capital (%)
- -
- -
21.41
10.06
9.16
-9.04
4.77
10.25
6.45
5.05
0.22
19.58
-1.16
-24.4
-5.93
-23.06
-23.06
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
424
445
378
LT Borrowings
655
661
606
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
173
173
171
Shares Outstanding
32
32
32
Market Capitalization
769
599
815

Working Capital

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
279
394
292
Cash, Cash Equivalents & STI
17
27
26
Accounts Receivable, Net
5
4
4
Inventories
233
310
248
Total Current Liabilities
494
522
451
Payables & Accruals
51
58
43
ST Debt
424
445
378
Deferred Revenue
20
20
18

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.43%
-11.11%
-20.65%
Free Cash Flow
-9.43%
-15.15%
-16.18%
Net Income, GAAP
771.91%
1,584.05%
228.3%
Sales/Revenue/Turnover
-7.46%
-12.04%
-20%
Total Cash Common Dividend
0.03%
8.28%
-21.83%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
90
84
80
81
336
2024
80
85
66
69
300
2025
62
59
60
59
240

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.22
-0.78
-1.29
- -
-3.1
2024
-0.1
-0.02
-0.14
- -
-0.57
2025
0.08
-0.27
-0.38
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.26
0.18
0.18
- -
0.84
2024
0.18
0.24
0.18
- -
0.99
2025
0.18
0.18
0.18
- -
- -
Business
Artis Real Estate Investment Trust (TSX: AX.UN; OTCQX: ARESF) operates as one of Canada's largest diversified commercial real estate investment trusts, owning and managing a portfolio of industrial, office, retail and residential properties across Canada and the United States; at September 30, 2025, the portfolio comprises 83 properties totaling approximately 9.7 million square feet of gross leasable area, with office representing 60.8%, industrial 24.9%, retail 14.3% and residential included in its diversified holdings primarily in Western Canada including Alberta and Manitoba, and select U.S. markets such as Minnesota and other Midwestern and Southern states. The REIT, founded in 2004 under Manitoba law and headquartered in Winnipeg, Manitoba, focuses on generating stable cash distributions for unitholders through asset management, leasing and value investing strategies that emphasize balance sheet strengthening, organic growth and concentration in high-return opportunities; it maintains fully internalized asset and property management functions with extensive experience in commercial properties. In recent developments, Artis sold $972.9 million in real estate assets during 2024 to reduce leverage from 50.9% to 40.2%, continues portfolio rationalization with occupancy at 87.8% including commitments as of Q3 2025 supported by new leases and renewals averaging 0.6% rental increases, and entered into a definitive arrangement agreement in September 2025 with Toronto-based RFA Capital Holdings Inc. to combine and form RFA Financial, a public financial services platform where Artis becomes a subsidiary, real estate assets are monetized for redeployment into higher-return opportunities including RFA's Schedule 1 bank and mortgage finance operations, with the transaction pending court, regulatory and shareholder approvals expected to close by Q1 2026 and Artis unitholders receiving shares representing 68% ownership in the combined entity.

Company News

APIChatGPT
  • Artis Real Estate Investment Trust (AX.UN:CA) Shareholder/Analyst Call Prepared Remarks Transcript

  • Halcyon International Limited Announces Execution of an Irrevocable Support and Voting Agreement in Connection with the Proposed Business Combination Between Artis Real Estate Investment Trust and RFA Capital Holdings Inc.

  • Artis Real Est In Tr (ARESF) Q2 2025 Earnings Call Transcript

  • Artis Real Est In Tr (ARESF) Q1 2025 Earnings Call Transcript

  • Artis REIT: 8.5% Yield On Preferreds Beats The Common

  • Artis Real Est In Tr (ARESF) Q4 2024 Earnings Call Transcript

  • Artis REIT: High Yielder Completes Deleveraging

  • Artis Real Est In Tr (ARESF) Q3 2024 Earnings Call Transcript

  • Artis REIT: Switch Between The Preferreds

  • Artis Real Est In Tr (ARESF) Q2 2024 Earnings Call Transcript

  • Artis REIT: Deleveraging Makes High-Yield Preferred Attractive

  • Artis Real Est In Tr (ARESF) Q1 2024 Earnings Call Transcript

  • Artis REIT: Should You AX It From Your Portfolio?

  • Artis: 10% Distribution Yield Likely Gets Cut In The Next 12 Months

  • Artis Real Estate Investment Trust (ARESF) Q4 2023 Earnings Call Transcript

  • Artis: Retail Asset Sales Reduce Risk Further For This 10.9% Yielder

  • Artis Real Est In Tr (ARESF) Q3 2023 Earnings Call Transcript

  • Artis: Heavily Discounted REIT, Here Is One Way To Play It

  • Artis Real Estate Investment Trust (ARESF) Q2 2023 Earnings Call Transcript

  • Artis REIT: Now 8.5% Yield And 60% Discount To NAV