Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties.
Established dividend payer and fair value.
Share Price & News
How has Artis Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ARES.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ARES.F matched the US REITs industry which returned 12.8% over the past year.
Return vs Market: ARES.F exceeded the US Market which returned 10.5% over the past year.
Price Volatility Vs. Market
How volatile is Artis Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Artis Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ARES.F ($9.1) is trading below our estimate of fair value ($11.12)
Significantly Below Fair Value: ARES.F is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ARES.F is good value based on its PE Ratio (23.3x) compared to the REITs industry average (36.3x).
PE vs Market: ARES.F is poor value based on its PE Ratio (23.3x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ARES.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ARES.F is good value based on its PB Ratio (0.8x) compared to the US REITs industry average (2x).
How is Artis Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if ARES.F's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if ARES.F's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ARES.F's revenue is expected to decline over the next 3 years (-5.5% per year).
High Growth Revenue: ARES.F's revenue is forecast to decline over the next 3 years (-5.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ARES.F's Return on Equity is forecast to be high in 3 years time
How has Artis Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ARES.F has a large one-off loss of CA$75.0M impacting its September 30 2019 financial results.
Growing Profit Margin: ARES.F's current net profit margins (14.3%) are lower than last year (35.9%).
Past Earnings Growth Analysis
Earnings Trend: ARES.F's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: ARES.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ARES.F had negative earnings growth (-58.7%) over the past year, making it difficult to compare to the REITs industry average (5.9%).
Return on Equity
High ROE: ARES.F's Return on Equity (3.9%) is considered low.
How is Artis Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: ARES.F has a high level of physical assets or inventory.
Debt Coverage by Assets: ARES.F's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: ARES.F's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ARES.F has a sufficient allowance for bad loans.
Low Risk Liabilities: ARES.F reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ARES.F has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ARES.F has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ARES.F has an appropriate level of bad loans.
What is Artis Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ARES.F's dividend (4.46%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: ARES.F's dividend (4.46%) is in the top 25% of dividend payers in the US market (3.9%)
Stability and Growth of Payments
Stable Dividend: ARES.F's dividends per share have been stable in the past 10 years.
Growing Dividend: ARES.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.1%), ARES.F's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ARES.F's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Armin Martens (64yo)
Mr. Armin Martens, P.Eng., M.B.A., has been the Chief Executive Officer and President at Artis Real Estate Investment Trust since 2005 and serves as its Trustee since November 8, 2004 and was re-appointed ...
CEO Compensation Analysis
Compensation vs Market: Armin's total compensation ($USD2.33M) is below average for companies of similar size in the US market ($USD3.92M).
Compensation vs Earnings: Armin's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||15.3yrs||CA$1.07m||0.067% CA$843.8k|
|Executive Vice President of Property Management||12.5yrs||CA$413.32k||no data|
|Executive Vice President of U.S. Region||3.4yrs||CA$386.78k||0.0031% CA$38.9k|
|Vice President of Corporate Accounting||0yrs||no data||no data|
|Vice President||0yrs||no data||no data|
|Vice President of Legal||0yrs||no data||no data|
|Senior Vice President of Leasing - Central Region||0yrs||no data||no data|
|Senior Vice President of Asset Management - U.S. Region||0yrs||no data||no data|
|Senior Vice President of Construction & Development||0yrs||no data||no data|
Experienced Management: ARES.F's management team is seasoned and experienced (13.8 years average tenure).
|Independent Trustee||1.7yrs||CA$71.50k||0.055% CA$685.9k|
|Independent Chairman of the Board||14.3yrs||CA$234.00k||0.028% CA$354.0k|
|Independent Trustee||15.3yrs||CA$118.50k||0.041% CA$518.2k|
|Independent Trustee||15.3yrs||CA$141.50k||0.022% CA$276.6k|
|Independent Trustee||0.7yrs||no data||0.0029% CA$36.3k|
|Independent Trustee||2.9yrs||CA$180.50k||0.0036% CA$45.3k|
|Independent Trustee||1.7yrs||CA$71.75k||0.016% CA$194.3k|
Experienced Board: ARES.F's board of directors are considered experienced (8.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ARES.F insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Artis Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: Artis Real Estate Investment Trust
- Ticker: ARES.F
- Exchange: OTCPK
- Founded: 2003
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: CA$1.665b
- Listing Market Cap: CA$1.252b
- Shares outstanding: 137.98m
- Website: https://www.artisreit.com
- Artis Real Estate Investment Trust
- 600 – 220 Portage Avenue
- R3C 0A5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AX.UN||TSX (The Toronto Stock Exchange)||Yes||Trust Units||CA||CAD||Feb 2004|
|ARES.F||OTCPK (Pink Sheets LLC)||Yes||Trust Units||US||USD||Feb 2004|
|AX.PRG||TSX (The Toronto Stock Exchange)||PFD UNIT SER G||CA||CAD||Jul 2013|
|AX.PRI||TSX (The Toronto Stock Exchange)||PREF SHS I||CA||CAD||Jan 2018|
Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States. As of September 30, 2019, Artis' commercial property comprises approximately 25.0 million square feet of leasable area.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 01:53|
|End of Day Share Price||2020/02/25 00:00|
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.