Artis

Artis REIT Continues Strong Growth Profile

by creitadmin on October 15, 2008

 WINNIPEG, Oct. 14 /CNW/ -  TMC Net Article

Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) confirmed that trading in REIT units, together with a group of other stocks, was temporarily halted on Friday, October 10th, 2008, due to a technical malfunction at the TSX. There is no material information relating to Artis that caused the trading halt.

In spite of the turbulence being experienced in global markets, Artis continues to have a very strong embedded growth profile. At June 30, 2008, Artis estimated that the gap between in place rental rates and current market rental rates was over $8 per square foot on average. Today, over 90% of the 2008 leasing program has been completed, as well as over 15% of the 2009 renewals. Management anticipates this will be an additional source of growth in revenues, Property NOI, DI and FFO per unit. 

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Artis REIT’s Winnipeg Grain Exchange Building Marks 100 Years

by creitadmin on September 23, 2008

One of Winnipeg’s most illustrious buildings celebrates its 100th anniversary this year. To mark the occasion, two large murals by artist Hubert Theroux were unveiled at the historic Grain Exchange Building at 167 Lombard Ave., yesterday.

The refurbished heritage building has seen a revival under the ownership of Artis REIT and management of Marwest Management Canada. It now boasts an office vacancy rate of 6%.

Read the full story by Simon Fuller, Sun Media at:  http://winnipegsun.com/News/Winnipeg/2008/09/11/6729226-sun.html

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Artis Real Estate Investment Trust announces monthly cash distribution

September 23, 2008

Friday, July 18, 2008 WINNIPEG, Jul 18, 2008 (Canada NewsWire via COMTEX) —-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 July, 2008. The cash distributions will be made on [...]

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