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Artis Reit (OTC) (TSE:AX.UN)
:AX.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.02Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 0.70%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
Artis REIT demonstrated solid progress in debt reduction and strategic leasing, enhancing its financial footing. However, challenges remain with high payout ratios and occupancy decline. The commitment to long-term value creation is evident, but short-term pressures persist.Company Guidance
In Artis Real Estate Investment Trust's first quarter 2025 results conference call, the company emphasized its ongoing focus on reducing leverage and strengthening its balance sheet. Artis reported a decrease in its debt to gross book value from 40.2% at the end of 2024 to 39.2% by March 31, 2025, following property sales totaling $70.5 million in Canada. The net asset value per unit slightly increased to $13.76 from $13.75. Occupancy, including commitments, was slightly down to 89.1% from 89.2%, with new leases and renewals contributing to a 4.5% rise in same property net operating income. Artis also discussed its $520 million credit facilities, highlighting the use of these funds to repay a $200 million debenture. Its NCIB program saw the repurchase of common and preferred units at a discount to NAV, reflecting the company's strategy to enhance unitholder value despite a higher payout ratio this quarter. Artis plans to further reduce leverage while focusing on growth opportunities that align with their long-term objectives of increasing net asset value per unit.Debt Reduction Success
Reduced overall leverage with a conservative debt to gross book value of 39.2% at March 31, down from 40.2% at December 31.
Strategic Dispositions
Sold two industrial and two retail properties for $70.5 million. An additional property was sold for $4.8 million in April, contributing to debt reduction.
Leasing Achievements
Signed significant new and renewal leases, including an 80,000 sq ft lease in Minnesota and a 99,000 sq ft renewal in Arizona, resulting in a 4% increase in lease renewals.
Increased Same Property NOI
Reported a 4.5% increase in same property net operating income (NOI).
Proactive Credit Management
Finalized new three-year senior secured credit facilities totaling $520 million, with strategic usage to manage debt obligations effectively.
Artis Real Estate Investment (TSE:AX.UN) Earnings, Revenues Date & History
TSE:AX.UN 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
TSE:AX.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | C$7.31 | C$7.09 | -3.00% |
Mar 06, 2025 | C$7.50 | C$7.53 | +0.27% |
Nov 07, 2024 | C$7.64 | C$7.45 | -2.50% |
Aug 08, 2024 | C$6.34 | C$6.21 | -1.93% |
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 Reit (OTC) (TSE:AX.UN) report earnings?
Artis Reit (OTC) (TSE:AX.UN) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Artis Reit (OTC) (TSE:AX.UN) earnings time?
Artis Reit (OTC) (TSE:AX.UN) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:AX.UN EPS forecast?
Currently, no data Available