Artis Real Estate Investment Trust Declares Cash Distribution
Artis Real Estate Investment Trust Announces Quarterly Cash Distribution
Artis Real Estate Investment Trust (TSX: AX) has made an important announcement regarding its quarterly cash distribution. The trustees of Artis, a prominent player in the Canadian real estate market, have declared a cash distribution of $0.449875 per Series E preferred unit. This distribution is set for the quarter ending in September and reflects the trust's commitment to delivering value to its unitholders.
Details of the Cash Distribution
The quarterly cash distributions come as a part of Artis's strategy to ensure steady returns for its investors. The payment will occur on an upcoming date, with the record date for Series E unitholders also aligning with the distribution date. Currently, there are 2,965,109 Series E Units that have been issued and are outstanding. This declaration is a sign of confidence from the trustees in the financial health and operational performance of the trust.
About Artis Real Estate Investment Trust
Artis is known for being a diversified real estate investment trust that holds a substantial portfolio across Canada and the United States. The focus of this trust spans across industrial, office, and retail properties, which contributes to a stable revenue stream. Artis's vision articulates its ambition to be recognized as a best-in-class asset management and investment platform that is deeply committed to value investing.
Strategic Focus and Growth Potential
With an ongoing focus on expanding its property portfolio, Artis is well-positioned to leverage opportunities in the real estate market. By targeting various sectors within real estate, including industrial, office, and retail, the trust diversifies its holdings, reducing risk and enhancing growth potential. The strategic management of assets allows Artis to adapt and evolve according to market conditions, ensuring resilience.
Artis's Commitment to Investors
This quarterly distribution is not merely a financial transaction; it’s a declaration of Artis's ongoing commitment to its investors. The trust understands the importance of providing reliable returns and has structured its operations to achieve efficient management of properties. This commitment to excellence reflects in Artis’s operational strategies and its pursuit of optimal performance in the real estate sector.
Contact Information
For further enquiries, individuals can reach out to Artis's offices located at Suite 600 – 220 Portage Avenue, Winnipeg, R3C 0A5. The contact numbers are T 204.947.1250 and F 204.947.0453, providing a direct channel for investor relations.
Frequently Asked Questions
What is the amount of the declared cash distribution by Artis?
The declared cash distribution by Artis is $0.449875 per Series E preferred unit.
When will the cash distribution be paid out?
The cash distribution is set to be paid out on September 27, 2024.
How many Series E Units are currently outstanding?
There are a total of 2,965,109 Series E Units issued and outstanding as of now.
What is Artis Real Estate Investment Trust known for?
Artis is known for its diversified real estate portfolio, which includes industrial, office, and retail properties located in Canada and the United States.
How can investors get in touch with Artis for more information?
Investors can contact Artis at Suite 600 – 220 Portage Avenue, Winnipeg, R3C 0A5, or call T 204.947.1250 for more details.
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