TSE:AX.UN
Artis REIT is one of the largest diversified commercial real estate investment trusts in Canada. It is an unincorporated closed-end real estate investment trust and engages in the ownership of commercial properties in select primary and secondary markets.
Artis REIT’s portfolio consists of industrial (28% of NOI), retail (20%) and office (52%) properties in Canada and the USA. The REIT is well diversified by geography and by asset class.
The portfolio diversification provides stability from any risks associated with changes in economic conditions in a particular market or industry. Artis’ portfolio comprises 235 properties spanning ~25 million square feet of gross leasable area across five Canadian provinces and six U.S. states.