Education
About Us
Working with TipRanks
Follow Us
Artis Real Estate Investment (ARESF)
OTHER OTC:ARESF
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.1Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 2.61%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in debt reduction and asset dispositions, along with securing new credit facilities. However, challenges with the Cominar investment and the potential impact on future income and distributions were significant concerns. The sentiment is mixed, reflecting both strong financial management and ongoing strategic risks.Company Guidance
In the Artis Real Estate Investment Trust fourth quarter 2024 results conference call, the company highlighted several key financial metrics and strategic moves. Artis sold various properties in 2024 for a total of $972.9 million, significantly reducing its total debt to gross book value from 50.9% at the end of 2023 to 40.2% by the end of 2024. The REIT also secured new senior secured credit facilities totaling $520 million, comprising a $350 million revolving credit facility and a $170 million non-revolving credit facility. Artis renewed its Normal Course Issuer Bid (NCIB) after purchasing over 7 million common units at a substantial discount to its net asset value of $13.75 per unit. Additionally, the company is engaged in discussions to resolve its investment in Cominar, expecting a resolution that may exceed the carrying value of the junior preferred units. The management expressed a commitment to maintaining distributions despite the anticipated lumpy income from its strategic investment approach.Significant Debt Reduction
Artis reduced its total debt to gross book value from 50.9% at the end of 2023 to 40.2% at the end of 2024. This was achieved through a strategic disposition of assets totaling $972.9 million.
Successful Asset Dispositions
In 2024, Artis sold seven office properties, seven retail properties, one industrial property, two parking lots, and a parcel of development land in Canada, as well as 14 industrial properties and three office properties in the United States.
New Credit Facilities Secured
Artis finalized terms on new three-year senior secured credit facilities totaling $520 million, including a $350 million revolving credit facility and a $170 million non-revolving credit facility.
Net Asset Value Enhancement
Artis continues to repurchase units under its NCIB, buying 7,021,296 common units at an average price significantly below the net asset value of $13.75 per unit, thus enhancing unitholder value.
---
ARESF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
ARESF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $5.36 | $5.35 | -0.19% |
| Nov 07, 2024 | $5.67 | $5.60 | -1.23% |
| Aug 08, 2024 | $4.71 | $4.62 | -1.91% |
| May 02, 2024 | $4.41 | $4.41 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Artis Real Estate Investment (ARESF) report earnings?
Artis Real Estate Investment (ARESF) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Artis Real Estate Investment (ARESF) earnings time?
Artis Real Estate Investment (ARESF) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARESF EPS forecast?
Currently, no data Available
---