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Artis Real Estate Investment Trust (AX-PE.TO)
Key financial summary
Financials in CAD| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | CAD m | 522 | 459 | 419 | 373 | 336 | 300 | 250 |
| Operating profit | CAD m | 60 | 20 | |||||
| Net profit | CAD m | 123 | 22 | 389 | -5 | -332 | -47 | -75 |
| EPS reported | CAD | -0.57 | -0.89 | |||||
| Operating cashflow per share | CAD | 0.76 | 1.17 | |||||
| Capex per share | CAD | 0.00 | 0.00 | |||||
| FCF per share | CAD | 0.76 | 1.17 | |||||
| Free cash flow | CAD m | 80 | 110 | |||||
| Net debt | CAD m | 1,099 | 1,042 | |||||
| Book value equity | CAD m | 1,581 | 1,413 | |||||
| Book value per share | CAD | 15.05 | 14.62 | |||||
| Number of shares | m | 105.06 | 96.68 | |||||
| DPS (TTM paid) | CAD | 1.80 | 0.90 |
Financial summary
Financials in CAD| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | - | - | |||||
| P/B LTM | x | 0.49 | 1.39 | |||||
| P/S LTM | x | 2.57 | 7.89 | |||||
| P/FCF LTM | x | 9.70 | 17.92 | |||||
| EV/EBITDA LTM | x | 34.75 | 691.26 | |||||
| EV/Sales LTM | x | 6.23 | 12.06 | |||||
| Earnings Yield LTM | % | -6.13% | -4.84% | |||||
| FCF Yield | % | 10.31% | 5.58% | |||||
| Quality | ||||||||
| ROE | % | -3.00% | -3.09% | |||||
| ROIC | % | 2.11% | 1.73% | |||||
| Operating margin | % | 20.04% | 24.15% | |||||
| Gross margin | % | 54.34% | 50.86% | |||||
| FCF/Sales | % | 26.54% | 29.67% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | - | - | |||||
| Sales Growth YoY | % | -10.56% | -20.06% | |||||
| Net Income Growth YoY | % | - | - | |||||
| FCF Growth | % | +0.18% | +39.32% | |||||
| Operating Profit Growth | % | -45.19% | -87.87% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 13.51% | 4.36% | |||||
| Dividend Growth | % | +21.93% | - | |||||
| Payout Ratio | % | -220.31% | -106.97% | |||||
| FCF/Debt | x | 0.07 | 0.10 | |||||
| Net Debt/EBITDA | x | 20.40 | 221.55 | |||||
| EBIT/Net interest | x | 0.59 | 0.90 | |||||
| Net debt/market cap | % | 142.16% | 52.86% | |||||
| Net debt/Equity | x | 0.70 | 0.74 | |||||
| Gross debt/equity | x | 0.72 | 0.78 | |||||
Company overview
Artis is a Canadian-based, diversified real estate investment trust (REIT) that strategically invests in industrial and office properties throughout Canada and the United States. Since 2004, the firm has pursued an ambitious, yet carefully controlled, growth plan, developing a substantial portfolio of commercial assets in vital markets across both countries. As of September 30, 2020, Artis's commercial real estate holdings amounted to approximately 23.8 million square feet of rentable space.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Artis Real Estate Investment Trust (AX-PE.TO)
Artis is a Canadian-based, diversified real estate investment trust (REIT) that strategically invests in industrial and office properties throughout Canada and the United States. Since 2004, the firm has pursued an ambitious, yet carefully controlled, growth plan, developing a substantial portfolio of commercial assets in vital markets across both countries. As of September 30, 2020, Artis's commercial real estate holdings amounted to approximately 23.8 million square feet of rentable space.
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