An 8 per cent yielding REIT with limited downside risk


These forecasts have been relatively stable with relatively minor revisions over recent months.

The Globe and Mail


As always, I strongly encourage readers to consult a financial adviser, consider potential tax implications, and to do their own proper due diligence before taking any investment action. The author does not personally own units in the security mentioned in this story.

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Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments. Read our community guidelines here. Article text size A. Published March 15, Updated April 14, Calgary office market exposure In the fourth quarter, Alberta represented 30 per cent of NOI, of which approximately 13 per cent was from office properties located in Calgary. Lacklustre quarterly results Fourth-quarter financial results were in line with expectations.

High leverage Management continues to reduce its debt levels, targeting a debt-to-gross book-value figure below 50 per cent. Interest-rate risk Rising interest rates are a key risk to consider.

There are some positives to consider. High yield Artis pays its unitholders an attractive yield, which appears sustainable. Financial forecasts The Street is forecasting muted, albeit positive growth. Analysts' recommendations According to Bloomberg, 10 analysts have issued research reports in , three analysts have "buy" recommendations and seven analysts have 'hold' recommendations. The bottom line For income investors, Artis offers investors an attractive yield, while the downside unit price risk appears to be contained given the REIT's current valuation.

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