Artis Real Estate Investment Trust

Real Estate CA AX.PI

NoneCAD
0.00(0%)

Last update at 2026-05-14T21:04:07.706243Z

Day Range

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52 Week Range

15.3923.58

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Fundamentals

Previous Close -
Market Cap1180.82M
VolumeNone
P/E Ratio4.05
Dividend Yield10.22%
EBITDA208.69M
Revenue TTM372.07M
Revenue Per Share TTM3.29
Gross Profit TTM 254.27M
Diluted EPS TTM4.23

Overview
Financials
Peer Comparison
Reports
Stock Research & News
Profile

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Income before tax	9.06M	390.46M	22.28M	124.55M	159.16M
Minority interest	-	-	-	-	-
Net income	-5.29400M	389.18M	21.54M	122.74M	158.64M
Selling general administrative	6.41M	11.35M	10.78M	14.68M	14.44M
Selling and marketing expenses	-	-	-	-	-
Gross profit	209.98M	237.78M	269.27M	309.86M	304.32M
Reconciled depreciation	1.25M	1.36M	1.42M	1.13M	1.05M
Ebit	246.60M	231.56M	263.66M	300.25M	292.49M
Ebitda	97.47M	458.94M	106.81M	231.07M	258.05M
Depreciation and amortization	-	-	-	-	-
Non operating income net other	-	-	-	-	-
Operating income	202.32M	225.07M	257.07M	294.05M	289.89M
Other operating expenses	-	-	-	-	-
Interest expense	87.16M	67.11M	83.11M	105.44M	98.05M
Tax provision	14.36M	1.29M	0.73M	1.82M	0.53M
Interest income	17.45M	1.89M	4.80M	3.21M	1.97M
Net interest income	-70.49300M	-67.76300M	-81.30900M	-105.59700M	-99.19000M
Extraordinary items	-	-	-	-	-
Non recurring	-	-	-	-	-
Other items	-	-	-	-	-
Income tax expense	14.36M	1.29M	0.73M	1.82M	0.53M
Total revenue	372.51M	419.50M	458.92M	521.66M	512.87M
Total operating expenses	170.19M	194.43M	201.85M	227.61M	222.98M
Cost of revenue	162.53M	181.71M	189.64M	211.80M	208.55M
Total other income expense net	-122.76500M	233.16M	-153.48500M	-63.89600M	-31.53400M
Discontinued operations	-	-	-	-	-
Net income from continuing ops	-5.29400M	389.18M	21.54M	122.74M	158.64M
Net income applicable to common shares	-21.15000M	371.92M	4.12M	102.80M	136.69M
Preferred stock and other adjustments	-	-	-	-	-

Breakdown	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Total assets	4553.91M	4576.02M	4859.84M	5330.02M	5717.18M
Intangible assets	-	-	-	-	-
Earning assets	-	-	-	-	-
Other current assets	358.64M	103.09M	105.00M	238.39M	353.48M
Total liab	2324.75M	2120.67M	2525.94M	2859.27M	2979.13M
Total stockholder equity	2229.16M	2455.35M	2333.90M	2470.75M	2738.05M
Deferred long term liab	-	-	-	-	-
Other current liab	46.98M	95.10M	67.16M	53.01M	53.87M
Common stock	1751.93M	1865.98M	1754.60M	1798.75M	1959.65M
Capital stock	1957.73M	2154.20M	2046.40M	2093.23M	2336.53M
Retained earnings	-72.95600M	86.67M	91.00M	169.20M	143.17M
Other liab	10.47M	2.00M	1.82M	1.00M	8.32M
Good will	-	-	-	-	-
Other assets	86.66M	84.49M	69.94M	141.76M	60.92M
Cash	29.17M	221.47M	34.70M	42.45M	66.14M
Cash and equivalents	-	-	-	-	-
Total current liabilities	1350.69M	954.55M	877.64M	717.18M	726.26M
Current deferred revenue	-	-	-	-	-
Net debt	2185.78M	1744.16M	2362.20M	2694.75M	2790.94M
Short term debt	-	-	-	-	-
Short long term debt	1252.28M	801.52M	750.42M	596.11M	612.53M
Short long term debt total	-	-	-	-	-
Other stockholder equity	256.59M	145.76M	147.23M	175.05M	246.72M
Property plant equipment	3304.14M	3894.20M	4415.99M	4681.16M	5023.25M
Total current assets	406.11M	340.07M	173.60M	320.48M	456.50M
Long term investments	757.00M	257.26M	200.31M	186.61M	176.50M
Net tangible assets	2023.35M	2167.13M	2042.10M	2176.27M	2361.16M
Short term investments	-	-	-	-	10.20M
Net receivables	18.30M	15.51M	18.84M	25.01M	25.64M
Long term debt	962.67M	1164.12M	1646.48M	2141.09M	2244.55M
Inventory	335.81M	62.90M	15.06M	14.63M	11.23M
Accounts payable	29.47M	36.75M	35.41M	39.02M	33.99M
Total permanent equity	-	-	-	-	-
Noncontrolling interest in consolidated entity	-	-	-	-	-
Temporary equity redeemable noncontrolling interests	-	-	-	-	-
Accumulated other comprehensive income	-	-	-	-	-
Additional paid in capital	-	-	-	-	-
Common stock total equity	-	-	-	-	-
Preferred stock total equity	-	-	-	-	-
Retained earnings total equity	-	-	-	-	-
Treasury stock	-	-	-	-	-
Accumulated amortization	-	-	-	-	-
Non currrent assets other	-	-	-	-	-
Deferred long term asset charges	-	-	-	-	-
Non current assets total	4147.81M	4235.95M	4686.24M	5009.54M	5260.68M
Capital lease obligations	-	-	-	-	-
Long term debt total	-	-	-	-	-

Breakdown	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Investments	-501.88200M	-41.10400M	23.60M	-13.35700M	-18.22800M
Change to liabilities	4.08M	-4.95700M	-1.32700M	-3.47800M	6.73M
Total cashflows from investing activities	-288.98900M	610.26M	165.96M	11.22M	-158.34900M
Net borrowings	316.16M	-396.05200M	-217.13400M	87.83M	160.44M
Total cash from financing activities	-46.57100M	-622.97400M	-350.00100M	-232.82300M	-30.82400M
Change to operating activities	-6.33900M	2.31M	-0.73400M	-3.72200M	4.97M
Net income	-5.29400M	389.18M	21.54M	122.74M	158.64M
Change in cash	-192.30600M	186.77M	-7.75200M	-23.68800M	30.31M
Begin period cash flow	221.47M	34.70M	42.45M	66.14M	35.83M
End period cash flow	29.17M	221.47M	34.70M	42.45M	66.14M
Total cash from operating activities	140.74M	199.50M	176.33M	200.12M	213.73M
Issuance of capital stock	0.00000M	0.22M	-	0.00000M	121.30M
Depreciation	1.25M	1.36M	1.42M	1.13M	1.05M
Other cashflows from investing activities	-34.56000M	-45.85700M	15.34M	-52.68900M	-62.92700M
Dividends paid	175.86M	97.89M	97.58M	97.92M	181.02M
Change to inventory	0.00000M	15.06M	-0.42800M	-3.40500M	-0.61100M
Change to account receivables	-1.80100M	3.65M	2.60M	-1.33500M	-3.70300M
Sale purchase of stock	-186.86700M	-129.25700M	-35.29200M	-222.73200M	-131.55200M
Other cashflows from financing activities	-	-	-	-	-
Change to netincome	120.26M	-235.19400M	124.66M	60.95M	23.29M
Capital expenditures	0.02M	0.00500M	0.02M	1.80M	0.56M
Change receivables	-	-	-	-	-
Cash flows other operating	-	-	-	-	-
Exchange rate changes	-	-	-	-	-
Cash and cash equivalents changes	-	-	-	-	-
Change in working capital	-4.06200M	18.84M	0.11M	-11.94000M	8.00M
Stock based compensation	-0.72100M	2.05M	-1.85900M	3.18M	-
Other non cash items	12.12M	23.89M	22.49M	20.68M	16.77M
Free cash flow	140.72M	202.28M	176.31M	202.05M	213.16M

Peer Comparison

Sector: Real Estate Industry: REIT - Diversified

Company	Change (CAD)	Price (CAD)	Trailing PE (x)	Forward PE (x)	Price Sales TTM (x)	Price to Book Value (x)
AX-PI Artis Real Estate Investment Trust	- -%	-	4.05	-	3.17	-
HR-UN H&R Real Estate Investment Trust	-0.14 1.26%	11.00	-	7.46	3.01	0.47	7.23	85.97
CRR-UN Crombie Real Estate Investment Trust	-0.33 1.88%	17.27	684.50	24.15	5.73	1.35	10.81	14.46
RFA RFA Financial Inc.	0.12 0.47%	25.70	-	16.53	6.08	1.12	9.76	82.04
MRT-UN Morguard Real Estate Investment Trust	-0.01 0.15%	6.75	-	5.56	1.35	0.35	6.44	-19.1212

Reports Covered

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Profile

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

220 Portage Avenue, Winnipeg, MB, Canada, R3C 0A5

204-947-1250
https://www.artisreit.com
Employees : 172

Key Executives

Name	Title	Year Born
Mr. Samir A. Manji CPA, CA, CPA	Pres, CEO & Trustee	1969
Ms. Jaclyn Koenig CA	Chief Financial Officer	NA
Ms. Kim Riley	Chief Operating Officer	1984
Mr. Philip Martens	Exec. VP of U.S. Region	NA
Mr. Leon R. Wilkosz	Sr. VP of Asset Management - Wisconsin	NA
Ms. Danielle Robert	VP of Accounting	NA
Ms. Heather Nikkel	VP of Investor Relations & Sustainability	NA
Ms. Kara Watson	VP of Legal	NA
Ms. Jayelle Morris	VP of HR	NA
Mr. Brad Goerzen	Sr. VP of Leasing - Central Region	NA

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