Artis Real Estate Investment Trust (AX-PI : TSX)
Preferred Stock
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AX-PI
Artis Real Estate Investment Trust
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Key Statistics
Market Cap
$1.50B
52W High
$22.84
52W Low
$18.39
P/E Ratio
5.16
50 Day MA
$21.61
200 Day MA
$21.45
Beta
0.67
Dividend Yield
2.77%
Performance history
AX-PI returns since 2023
Artis Real Estate Investment Trust has traded since Nov 2023 in our data, with 1 up year out of 2 full calendar years. Its deepest fall was −15.6% (Jan 2025 to Apr 2025).
1 year / yr
+13.3%
3 years / yr
—
5 years / yr
—
10 years / yr
—
Calendar-year returns
- 2023*+5.1%
- 2024+34.1%
- 2025−1.5%
- 2026*+3.9%
* Partial year (first year of data, or year to date).
$10,000 invested in AX-PI
- 1 year ago$11,335
- 2023 (start of our data)$14,424
- Best year
- 2024: +34.1%
- Worst year
- 2025: −1.5%
- All-time high in our data
- $23 on Jul 25, 2025 · now −4.1%
Total-return basis using adjusted daily closes from the Toronto Stock Exchange and TSX Venture (dividends and splits folded in), Nov 2023 to Apr 2026. Past returns do not predict future ones.
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14.8% a year since 2017 against 9.7% for the S&P/TSX Composite (+5.0 points a year). Reviewed every month.
Recent Price History
| Date | Open | High | Low | Close | Adj Close | Volume |
|---|---|---|---|---|---|---|
| 4/7/2026 | $22.22 | $22.25 | $21.70 | $22.25 | $22.25 | 4,400 |
| 4/6/2026 | $22.18 | $22.25 | $22.18 | $22.25 | $22.25 | 2,246 |
| 4/2/2026 | $21.90 | $22.20 | $21.90 | $22.20 | $22.20 | 900 |
| 4/1/2026 | $21.90 | $22.22 | $21.90 | $22.00 | $22.00 | 14,927 |
| 3/31/2026 | $21.80 | $22.20 | $21.80 | $22.00 | $22.00 | 4,000 |
| 3/30/2026 | $21.70 | $21.70 | $21.70 | $21.70 | $21.70 | 3,800 |
| 3/27/2026 | $21.60 | $21.60 | $21.60 | $21.60 | $21.60 | 277 |
| 3/26/2026 | $21.35 | $21.82 | $21.32 | $21.60 | $21.60 | 11,425 |
| 3/25/2026 | $21.33 | $21.33 | $21.33 | $21.33 | $21.33 | 245 |
| 3/24/2026 | $21.45 | $21.55 | $21.45 | $21.55 | $21.55 | 1,800 |
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AX-PI's historical volatility
30-Day Vol
20.9%
Annualized
90-Day Vol
17.6%
Annualized
Trend (90d)
+3.8%
Annualized drift
90d Mean
C$22.55
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$22.35 | C$20.79 – C$24.02 |
| 60 trading days | C$22.45 | C$20.27 – C$24.86 |
| 90 trading days | C$22.55 | C$19.90 – C$25.56 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
About Artis Real Estate Investment Trust
Artis is a diversified commercial real estate investment trust and is an unincorporated closed-end real estate investment trust, created under, and governed by, the laws of the Province of Manitoba. The REIT was created pursuant to the Declaration of Trust dated November 8, 2004, as most recently amended and restated on December 19, 2021 (the Declaration of Trust). Certain of the REIT's securities are listed on the Toronto Stock Exchange (TSX). The REIT's common units trade under the symbol AX.UN and the REIT's preferred units trade under the symbols AX.PR.E and AX.PR.I. The REIT's common units also trade in the United States (U.S.) on the OTCQX Best Market (OTCQX), under the symbol ARESF. As at November 14, 2025, there were 95,966,473 common units, 7,108,165 preferred units, 736,465 restricted units and 591,279 deferred units of Artis outstanding (refer to the Outstanding Unit Data section of this MD&A for further details).
Financials
- Revenue (TTM)
- $199.77M
- EBITDA
- $72.59M
- Profit Margin
- -37.58%
- ROE (TTM)
- -4.96%
- EPS (Diluted)
- 4.23
- Book Value
- 12.93
Classification
- Sector
- Real Estate
- Industry
- Diversified REITs
- Group
- Equity Real Estate Investment Trusts (REITs)
Recent Dividends
$0.4371CAD
Ex: Jan 30, 2026
$0.4371CAD
Ex: Oct 31, 2025
$0.4371CAD
Ex: Jul 31, 2025
$0.4371CAD
Ex: Apr 30, 2025
$0.4370CAD
Ex: Jan 31, 2025
Pay: Feb 5
$0.4370CAD
Ex: Oct 31, 2024
Pay: Nov 5
$0.4371CAD
Ex: Jul 31, 2024
Pay: Jul 31
$0.4371CAD
Ex: Apr 29, 2024
Pay: Apr 30
$0.4371CAD
Ex: Jan 30, 2024
Pay: Jan 31
$0.4371CAD
Ex: Oct 30, 2023
Pay: Oct 31
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