National Bank Financial Equities Analysts Cut Earnings Estimates for Artis REIT (TSE:AX)

Artis REIT (TSE:AX) – Equities research analysts at National Bank Financial cut their FY2022 earnings per share estimates for Artis REIT in a report released on Tuesday, January 11th. National Bank Financial analyst M. Kornack now expects that the company will post earnings of $1.32 per share for the year, down from their prior estimate of $1.34.

Artis REIT has a 12-month low of C$12.82 and a 12-month high of C$14.42.

Artis REIT (TSE:AX) last announced its earnings results on Wednesday, November 3rd. The company reported C$0.28 EPS for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.06). The company had revenue of C$97.66 million during the quarter.

Artis REIT Company Profile

Artis Real Estate Investment Trust (Artis) is an unincorporated closed-end real estate investment trust (REIT). The Company’s objective is to provide stable, reliable and tax efficient monthly cash distributions, as well as long-term appreciation in the value of Artis’ units. Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario.

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