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Artis Real Estate Investment Trust TSX:AX.PRE Stock Report

Last Price

CA$20.55

Market Cap

CA$748.8m

7D

-0.2%

1Y

18.8%

Updated

02 Jan, 2025

Data

Company Financials +

Artis Real Estate Investment Trust

TSX:AX.PRE Stock Report

Market Cap: CA$748.8m

AX.PRE Stock Overview

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. More details

AX.PRE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends4/6

Rewards

Trading at 8.8% below our estimate of its fair value

Risk Analysis

Earnings have declined by 41.7% per year over past 5 years

Interest payments are not well covered by earnings

Unstable dividend track record


My Notes

Capture your thoughts, links and company narrative

Artis Real Estate Investment Trust Competitors

Morguard Real Estate Investment Trust

TSX:MRT.UN

CA$355.5m

BTB Real Estate Investment Trust

TSX:BTB.UN

CA$297.5m

H&R Real Estate Investment Trust

TSX:HR.UN

CA$2.6b

Firm Capital Property Trust

TSX:FCD.UN

CA$204.6m

Price History & Performance

Summary of share price highs, lows and changes for Artis Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$20.55
52 Week HighCA$21.50
52 Week LowCA$16.37
Beta1.19
1 Month Change-2.19%
3 Month Change-1.25%
1 Year Change18.79%
3 Year Change-12.59%
5 Year Change-6.63%
Change since IPO-17.93%

Recent News & Updates

Recent updates

Shareholder Returns

AX.PRECA REITsCA Market
7D-0.2%-0.4%-0.3%
1Y18.8%-0.2%15.7%

Return vs Industry: AX.PRE exceeded the Canadian REITs industry which returned -0.2% over the past year.

Return vs Market: AX.PRE exceeded the Canadian Market which returned 15.7% over the past year.

Price Volatility

Is AX.PRE's price volatile compared to industry and market?
AX.PRE volatility
AX.PRE Average Weekly Movement2.1%
REITs Industry Average Movement2.7%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market3.0%

Stable Share Price: AX.PRE has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: AX.PRE's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004169Samir Manjiwww.artisreit.com

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to build a best-in-class asset management and investment platform focused on growing net asset value per unit and distributions for investors through value investing in real estate.

Artis Real Estate Investment Trust Fundamentals Summary

How do Artis Real Estate Investment Trust's earnings and revenue compare to its market cap?
AX.PRE fundamental statistics
Market capCA$748.75m
Earnings (TTM)-CA$118.28m
Revenue (TTM)CA$242.76m

3.1x

P/S Ratio

-6.4x

P/E Ratio

Is AX.PRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AX.PRE income statement (TTM)
RevenueCA$242.76m
Cost of RevenueCA$141.52m
Gross ProfitCA$101.24m
Other ExpensesCA$219.52m
Earnings-CA$118.28m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-1.16
Gross Margin41.70%
Net Profit Margin-48.72%
Debt/Equity Ratio70.3%

How did AX.PRE perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

80%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 02:57
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Artis Real Estate Investment Trust is covered by 14 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pauline AlimchandaniBMO Capital Markets Equity Research
Sumayya Syed HussainCIBC Capital Markets
Dean WilkinsonCIBC Capital Markets