Artis Real Estate Investment Trust

Chart & Performance

D1W1MN

Profile

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.

URL

https://www.artisreit.com/

IPO date

Feb 16, 2004

Employees

172

Domiciled in

Incorporated in

Valuation

Order:

Title CAD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CAD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	335,837 -9.85%	372,512 -11.20%	419,499 -8.59%
Cost of revenue	156,611	168,939	193,065
Unusual Expense (Income)
NOPBT	179,226	203,573	226,434
NOPBT Margin	53.37%	54.65%	53.98%
Operating Taxes	(5,605)	14,355	1,289
Tax Rate		7.05%	0.57%
NOPAT	184,831	189,218	225,145
Net income	(332,068) 6,172.53%	(5,294) -101.36%	389,175 1,706.50%
Dividends	(93,179)	(175,862)	(97,887)
Dividend yield	12.63%	16.48%	6.31%
Proceeds from repurchase of equity	(64,682)	(186,867)	876,806
BB yield	8.77%	17.51%	-56.48%
Debt
Debt current	863,233	1,252,276	801,520
Long-term debt	1,042,993	1,168,478	1,452,339
Deferred revenue		2,324,754	2,120,671
Other long-term liabilities	1,612	(2,322,888)	2,005
Net debt	1,320,954	1,634,584	1,775,121
Cash flow
Cash from operating activities	79,962	140,744	202,286
CAPEX	(376)	(21)	(5)
Cash from investing activities	298,389	(288,989)	607,473
Cash from financing activities	(378,189)	(46,571)	(622,974)
FCF	(57,537)	(88,239)	237,892
Balance
Cash	28,940	29,168	221,474
Long term investments	556,332	757,002	257,264
Excess cash	568,480	767,544	457,763
Stockholders' equity	1,565,646	4,316,480	4,098,583
Invested Capital	3,055,006	3,668,266	6,075,711
ROIC	5.50%	3.88%	3.43%
ROCE	4.94%	4.58%	5.13%
EV
Common stock shares outstanding	111,294	118,470	130,026
Price	6.63 -26.42%	9.01 -24.54%	11.94 12.01%
Market cap	737,882 -30.87%	1,067,411 -31.25%	1,552,509 6.61%
EV	2,250,523	5,082,915	5,327,806
EBITDA	180,452	204,827	227,796
EV/EBITDA	12.47	24.82	23.39
Interest	119,253	87,156	67,113
Interest/NOPBT	66.54%	42.81%	29.64%