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 -

Q1 2025

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:AX.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2025	2025 (Q2)	- / -	-0.024	―	―	―
May 08, 2025	2025 (Q1)	- / 0.08	-0.096	185.42% (+0.18)	―
Mar 06, 2025	2024 (Q4)	- / -0.32	-0.838	61.81% (+0.52)	―
Nov 07, 2024	2024 (Q3)	- / -0.14	-1.288	88.90% (+1.15)	―
Aug 08, 2024	2024 (Q2)	- / -0.02	-0.782	96.93% (+0.76)	―
May 02, 2024	2024 (Q1)	- / -0.10	-0.224	57.14% (+0.13)	―
Feb 29, 2024	2023 (Q4)	- / -0.84	-1.138	26.36% (+0.30)	―
Nov 02, 2023	2023 (Q3)	- / -1.29	-0.852	-51.17% (-0.44)	―
Aug 02, 2023	2023 (Q2)	- / -0.78	-0.201	-289.05% (-0.58)
May 11, 2023	2023 (Q1)	- / -0.22	1.909	-111.73% (-2.13)	―

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 Real Estate Investment (TSE:AX.UN) report earnings?

Artis Real Estate Investment (TSE:AX.UN) is schdueled to report earning on Jul 30, 2025, After Close (Confirmed).

What is Artis Real Estate Investment (TSE:AX.UN) earnings time?

Artis Real Estate Investment (TSE:AX.UN) earnings time is at Jul 30, 2025, After Close (Confirmed).

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