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Artis Real Estate Investment Trust AX.UN

Morningstar Rating
CAD 6.52 +0.03 (0.46%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

AX.UN is trading at a 34% discount.
Price
CAD 6.51
Fair Value
CAD 3.63
Uncertainty
Very High
1-Star Price
CAD 45.67
5-Star Price
CAD 1.40
Economic Moat
Wvx
Capital Allocation
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News

Trading Information

Previous Close Price
CAD 6.49
Day Range
CAD 6.476.55
52-Week Range
CAD 5.517.36
Bid/Ask
CAD 6.51 / CAD 6.55
Market Cap
CAD 697.12 Mil
Volume/Avg
154,057 / 219,984

Key Statistics

Price/Earnings (Normalized)
8.31
Price/Sales
2.16
Dividend Yield (Trailing)
9.20%
Dividend Yield (Forward)
9.20%
Total Yield
17.07%

Company Profile

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.
Sector
Real Estate
Industry
REIT - Diversified
Stock Style Box
Small Value
Total Number of Employees
169

Comparables

Valuation

Metric
AX.UN
MRG.UN
KMP.UN
Price/Earnings (Normalized)
8.3110.8519.76
Price/Book Value
0.460.320.82
Price/Sales
2.161.825.80
Price/Cash Flow
8.976.9414.80
Price/Earnings
AX.UN
MRG.UN
KMP.UN

Financial Strength

Metric
AX.UN
MRG.UN
KMP.UN
Quick Ratio
0.060.120.05
Current Ratio
0.670.190.08
Interest Coverage
−2.104.195.57
Quick Ratio
AX.UN
MRG.UN
KMP.UN

Profitability

Metric
AX.UN
MRG.UN
KMP.UN
Return on Assets (Normalized)
−7.23%3.91%5.39%
Return on Equity (Normalized)
−16.58%8.82%11.20%
Return on Invested Capital (Normalized)
−5.57%6.27%7.12%
Return on Assets
AX.UN
MRG.UN
KMP.UN
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