| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
AX.UN Stock Overview
Artis is a diversified Canadian real estate investment trust investing in industrial and office properties in Canada and the United States.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$11.89 |
| 52 Week High | CA$12.23 |
| 52 Week Low | CA$10.31 |
| Beta | 1.26 |
| 1 Month Change | 1.02% |
| 3 Month Change | 0.51% |
| 1 Year Change | 11.02% |
| 3 Year Change | 17.03% |
| 5 Year Change | -2.86% |
| Change since IPO | 260.32% |
Recent News & Updates
Do Artis Real Estate Investment Trust's (TSE:AX.UN) Earnings Warrant Your Attention?
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Shareholder Returns
| AX.UN | CA REITs | CA Market | |
|---|---|---|---|
| 7D | -0.7% | -3.8% | -2.9% |
| 1Y | 11.0% | 16.5% | 16.1% |
Return vs Industry: AX.UN underperformed the Canadian REITs industry which returned 16.5% over the past year.
Return vs Market: AX.UN underperformed the Canadian Market which returned 15% over the past year.
Price Volatility
| AX.UN volatility | |
|---|---|
| AX.UN Average Weekly Movement | 2.6% |
| REITs Industry Average Movement | 2.6% |
| Market Average Movement | 9.8% |
| 10% most volatile stocks in CA Market | 17.3% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: AX.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AX.UN's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | 206 | Samir Manji | https://www.artisreit.com |
Artis is a diversified Canadian real estate investment trust investing in industrial and office properties in Canada and the United States. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in select markets in Canada and the United States. As of September 30, 2020, Artis' commercial property comprises approximately 23.8 million square feet of leasable area.
Artis Real Estate Investment Trust Fundamentals Summary
| AX.UN fundamental statistics | |
|---|---|
| Market Cap | CA$1.47b |
| Earnings (TTM) | CA$343.88m |
| Revenue (TTM) | CA$440.94m |
4.3x
P/E Ratio3.3x
P/S RatioIs AX.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AX.UN income statement (TTM) | |
|---|---|
| Revenue | CA$440.94m |
| Cost of Revenue | CA$187.52m |
| Gross Profit | CA$253.42m |
| Expenses | -CA$90.46m |
| Earnings | CA$343.88m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Mar 03, 2022
| Earnings per share (EPS) | 2.78 |
| Gross Margin | 57.47% |
| Net Profit Margin | 77.99% |
| Debt/Equity Ratio | 79.8% |
How did AX.UN perform over the long term?
See historical performance and comparisonDividends
5.0%
Current Dividend Yield55%
Payout RatioDoes AX.UN pay a reliable dividends?
See AX.UN dividend history and benchmarks| Artis Real Estate Investment Trust dividend dates | |
|---|---|
| Ex Dividend Date | Jan 28 2022 |
| Dividend Pay Date | Feb 15 2022 |
| Days until Ex dividend | 2 days |
| Days until Dividend pay date | 20 days |
Does AX.UN pay a reliable dividends?
See AX.UN dividend history and benchmarksValuation
Is Artis Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
26.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AX.UN (CA$11.89) is trading below our estimate of fair value (CA$16.18)
Significantly Below Fair Value: AX.UN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AX.UN is good value based on its PE Ratio (4.3x) compared to the Canadian REITs industry average (8.7x).
PE vs Market: AX.UN is good value based on its PE Ratio (4.3x) compared to the Canadian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AX.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AX.UN is good value based on its PB Ratio (0.7x) compared to the CA REITs industry average (1x).
Future Growth
How is Artis Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-6.6%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if AX.UN's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if AX.UN's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AX.UN's revenue is expected to decline over the next 3 years (-6.6% per year).
High Growth Revenue: AX.UN's revenue is forecast to decline over the next 3 years (-6.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AX.UN's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Artis Real Estate Investment Trust performed over the past 5 years?
9.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AX.UN has a large one-off gain of CA$186.4M impacting its September 30 2021 financial results.
Growing Profit Margin: AX.UN's current net profit margins (78%) are higher than last year (0.9%).
Past Earnings Growth Analysis
Earnings Trend: AX.UN has become profitable over the past 5 years, growing earnings by 9.5% per year.
Accelerating Growth: AX.UN's earnings growth over the past year (7476.2%) exceeds its 5-year average (9.5% per year).
Earnings vs Industry: AX.UN earnings growth over the past year (7476.2%) exceeded the REITs industry 32.1%.
Return on Equity
High ROE: AX.UN's Return on Equity (14.5%) is considered low.
Financial Health
How is Artis Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: AX.UN's short term assets (CA$398.6M) do not cover its short term liabilities (CA$824.6M).
Long Term Liabilities: AX.UN's short term assets (CA$398.6M) do not cover its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: AX.UN's net debt to equity ratio (68.5%) is considered high.
Reducing Debt: AX.UN's debt to equity ratio has reduced from 109.6% to 79.8% over the past 5 years.
Debt Coverage: AX.UN's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: AX.UN's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
Dividend
What is Artis Real Estate Investment Trust current dividend yield, its reliability and sustainability?
5.05%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AX.UN's dividend (5.05%) is higher than the bottom 25% of dividend payers in the Canadian market (1.63%).
High Dividend: AX.UN's dividend (5.05%) is in the top 25% of dividend payers in the Canadian market (4.88%)
Stability and Growth of Payments
Stable Dividend: AX.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: AX.UN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.3%), AX.UN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AX.UN's dividends in 3 years are forecast to be well covered by earnings (46.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.9yrs
Average management tenure
CEO
Samir Manji (52 yo)
1
Tenure
Mr. Samir A. Manji, CPA serves as Trustee at Artis Real Estate Investment Trust since November 30, 2020 and serves as its Chief Executive Officer since March 10, 2021. He served as Chairman of the Board at...
Leadership Team
Experienced Management: AX.UN's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: AX.UN's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AX.UN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Artis Real Estate Investment Trust's employee growth, exchange listings and data sources
Key Information
- Name: Artis Real Estate Investment Trust
- Ticker: AX.UN
- Exchange: TSX
- Founded: 2003
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: CA$1.471b
- Shares outstanding: 123.72m
- Website: https://www.artisreit.com
Number of Employees
Location
- Artis Real Estate Investment Trust
- 220 Portage Avenue
- Suite 600
- Winnipeg
- Manitoba
- R3C 0A5
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 01:03 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.