AX-UN:CA:TSX-Artis Real Estate Investment Trust (CAD)

COMMON STOCK | REIT-Diversified | TSX

Last Closing Price

CAD 11.82

Change

0.00 (0.00)%

Market Cap

CAD 1.49B

Volume

0.15M

Avg Analyst Target

CAD 12.14 (+2.70%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

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. Address: 220 Portage Avenue, Winnipeg, MB, Canada, R3C 0A5

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2021-10-24 )

Largest Industry Peers for REIT-Diversified

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
HR-UN:CA H&R Real Estate Investment Tru..

N/A

CAD4.76B 7.71 13.35
CRR-UN:CA Crombie Real Estate Investment..

N/A

CAD3.06B 34.07 20.78
CUF-UN:CA Cominar Real Estate Investment..

N/A

CAD1.89B 18.91 141.95
AX-PI:CA Artis Real Estate Investment T..

N/A

CAD1.78B 9.92 N/A
NXR-UN:CA Nexus Real Estate Investment T..

N/A

CAD0.57B 5.85 11.16
MPCT-UN:CA Dream Impact Trust

N/A

CAD0.42B 58.36 7.24
PRV-UN:CA Pro Real Estate Investment Tru..

N/A

CAD0.40B 17.18 25.47
MRT-UN:CA Morguard Real Estate Investmen..

N/A

CAD0.36B 11.51 20.38
BTB-UN:CA BTB Real Estate Investment Tru..

N/A

CAD0.30B 14.14 18.75
MR-UN:CA Melcor Real Estate Investment ..

N/A

CAD0.09B N/A 22.49

ETFs Containing AX-UN:CA

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (REIT-Diversified)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 10.88% 30% F 48% F
Dividend Return 0.43% 33% F 8% F
Total Return 11.32% 30% F 47% F
Trailing 12 Months  
Capital Gain 33.86% 22% F 66% D
Dividend Return 2.07% 33% F 37% F
Total Return 35.93% 22% F 65% D
Trailing 5 Years  
Capital Gain -3.19% 83% B 33% F
Dividend Return 26.56% 83% B 89% B+
Total Return 23.36% 67% D+ 45% F
Average Annual (5 Year Horizon)  
Capital Gain -0.89% 56% F 15% F
Dividend Return 5.46% 56% F 93% A
Total Return 4.57% 44% F 35% F
Risk Return Profile  
Volatility (Standard Deviation) 24.71% 67% D+ 45% F
Risk Adjusted Return 18.48% 44% F 25% F
Market Capitalization 1.49B 64% D 71% C-
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(REIT-Diversified)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 4.54 100% A+ 84% B
Price/Book Ratio 0.68 80% B- 91% A-
Price / Cash Flow Ratio 8.47 64% D 47% F
EV/EBITDA 9.27 90% A- 56% F
Management Effectiveness  
Return on Equity 14.99% 75% C 74% C
Return on Invested Capital 5.16% 50% F 61% D-
Return on Assets 3.06% 50% F 60% D-
Debt to Equity Ratio 70.55% 82% B- 39% F
Technical Ratios  
Short Ratio 8.80 42% F 11% F
Short Percent 3.77% 30% F 43% F
Beta 1.25 67% D+ 36% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

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User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.