Le Lézard
Classified in: Business
Subject: DIV

Artis Real Estate Investment Trust Announces Monthly Cash Distribution


WINNIPEG, Nov. 15, 2017 /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") announced that its trustees have declared its regular monthly cash distribution of $0.09 per trust unit ("Unit") of Artis for the month of November, 2017. The cash distributions will be made on December 15, 2017 to Unitholders of record on November 30, 2017.

As at the date hereof, there are an aggregate of 150,593,232 Units issued and outstanding.

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States. As of September 30, 2017, Artis' commercial property comprises approximately 25.4 million square feet of leasable area.

During the three months ended September 30, 2017, Property Net Operating Income ("Property NOI") by asset class, including Artis' proportionate share of properties held in joint venture arrangements, was approximately 55.4% office, 20.2% retail and 24.4% industrial. Property NOI by geographical region, including Artis' proportionate share of properties held in joint venture arrangements, was approximately 4.2% in British Columbia, 25.0% in Alberta, 6.6% in Saskatchewan, 13.8% in Manitoba, 11.5% in Ontario, 7.3% in Arizona, 17.1% in Minnesota, 10.0% in Wisconsin and 4.5% in U.S. ? Other.

Property NOI is a non-GAAP measure. Artis calculates Property NOI as revenues less property operating expenses such as utilities, repairs and maintenance and realty taxes. Property NOI does not include charges for interest or other expenses not specific to the day-to-day operation of the REIT's properties.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

SOURCE Artis Real Estate Investment Trust


These press releases may also interest you

at 11:39
LENNAR NOW SELLING THREE NEW-HOME COLLECTIONS AT JUNIPERS, SAN DIEGO'S RESORT-STYLE COMMUNITY FOR ACTIVE ADULTS AGED 55 AND BETTER
Lennar, one of the nation's leading homebuilders, is now selling at three stunning home collections within Junipers, a masterplanned community for active adults in San Diego. Homeowners at the age-qualified gated community will enjoy resort-style...

at 11:31
Notice - KALLO INC., JOHN CECIL and SAMUEL PYO, File No. 2023-12
The Tribunal issued an Order in the above-named matter. A copy of the Order dated April 26, 2024 is available at capitalmarketstribunal.ca Registrar, Governance & Tribunal SecretariatOntario Securities Commission SOURCE Ontario Securities...

at 11:30
Kellanova Declares Regular Dividend of $0.56 per Share for Second Quarter and Announces Plans for Dividend Increase in Third Quarter
Kellanova today announced that its Board of Directors declared a dividend of $0.56 per share on the common stock of Kellanova, payable on June 14, 2024, to shareowners of record at the close of business on June 3, 2024.  The ex-dividend date is June...

at 11:28
Shareholder Alert: Ademi LLP investigates whether U.S. Silica Holdings, Inc. has obtained a Fair Price in its transaction with Apollo
Ademi LLP is investigating U.S. Silica for possible breaches of fiduciary duty and other violations of law in its transaction with Apollo....

at 11:15
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Compass Minerals International, Inc. with Losses to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Compass Minerals International, Inc. ("Compass Minerals" or "the Company") for violations of §§10(b) and 20(a) of the Securities...

at 11:15
Michael Baker International Names Lisa Carbonara Vice President, Talent Acquisition
Michael Baker International, a global leader in engineering, planning and consulting services, today announced that Lisa Carbonara has joined the firm as Vice President, Talent Acquisition. In this role, Ms. Carbonara will lead the recruitment and...

More news about Business...


News published on and distributed by: