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Artis Real Estate Investment Trust

AX-UN.TO Stock Analysis

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Dividend Score

Dividend Score ranks stocks based on metrics important to dividend investors, helping you identify companies with a history of consistent dividends and the financial strength

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Dividend Stability

AX-UN.TO has shown inconsistent dividend payments over the past 10 years with 1 cuts over 5%.

Dividend Growth

AX-UN.TO's dividend payments have shown moderate growth, growing by 2.13% annually over the last 5 years.

Earnings Growth

AX-UN.TO's earnings have shown very poor growth, shrinking by -74.11% over the last 5 years. Poor earnings growth or decline indicates potential struggles to maintain dividend levels, which may lead to cuts and affect overall returns.

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About Artis Real Estate Investment Trust

REIT - Diversified
Real Estate

Artis is a diversified Canadian real estate investment trust investing in industrial and office properties in Canada and the United States. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in select markets in Canada and the United States. As of September 30, 2020, Artis' commercial property comprises approximately 23.8 million square feet of leasable area.

Artis Real Estate Investment Trust Key Metrics

Market Cap
$790M
52 Weeks Low
$5.51
52 Weeks High
$8.38
Dividend Yield
7.65%
P/E
-7.73x
P/S
2.53x

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    Artis Real Estate Investment Trust Dividends

    Dividend Yield
    7.65%
    Payout Ratio
    43.80%
    Dividend Amount Per Share
    $0.60
    Last Ex-Dividend Date
    Sep 27, 2024

    AX-UN.TO Dividend Safety

    AX-UN.TO paid out 43.80% of its -$332M earnings as dividends over the last 12 months.

    Somewhat Safe

    1. Very Unsafe

    2. Unsafe

    3. Somewhat Safe

    4. Safe

    5. Very Safe

    Dividend Payout Ratio

    AX-UN.TO's Dividend Payout Ratio of 43.8% is considered safe for the Real Estate sector, indicating that the company retains enough earnings to support business growth.

    Interest Rate Coverage

    AX-UN.TO's Interest Coverage Ratio of 0.669 poses a risk, signaling financial challenges due to insufficient earnings to cover interest expenses.

    Income Quality

    AX-UN.TO demonstrates poor income quality with a ratio of -0.241. This indicates low-quality earnings and high risk of dividend cuts.

    AX-UN.TO Dividend Growth

    Artis Real Estate Investment Trust(AX-UN.TO) offers a dividend yield of 7.65% and pays $0.60 in dividends per share. Explore the historical dividend growth of AX-UN.TO.

    Dividend Stability

    AX-UN.TO has shown inconsistent dividend payments over the past 10 years with 1 cuts over 5%.

    Dividend Growth

    AX-UN.TO's dividend payments have shown moderate growth, growing by 2.13% annually over the last 5 years.

    Earnings Growth

    AX-UN.TO's earnings have shown very poor growth, shrinking by -74.11% over the last 5 years. Poor earnings growth or decline indicates potential struggles to maintain dividend levels, which may lead to cuts and affect overall returns.

    More on Dividends

    AX-UN.TO Analyst Forecasts

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    AX-UN.TO Financials

    AX-UN.TO Income Statement Key Metrics

    • Revenue(TTM)312.41 M
    • Gross Profit(TTM)170.89 M
    • EBITDA(TTM)28.68 M
    • Net Income(TTM)-104.83 M
    • EPS Diluted(TTM)-1.0307

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    AX-UN.TO earnings and revenue history

    Gross Profit Margin vs Peers

    Profit margin ratio of AX-UN.TO (0.548) is lower than the average of its peers (0.602).

    Net Profit Margin vs Peers

    Net profit margin ratio of AX-UN.TO (-0.989) is lower than the average of its peers (0.071).

    AX-UN.TO Return on Equity

    See how efficiently AX-UN.TO generates profit for it's shareholders.

    -19.35%

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    1. Poor

    2. Average

    3. Strong

    Return on Equity vs Peers

    Return on Equity ratio of AX-UN.TO (-0.193) is lower than the average of its peers (0.017).

    Return on Equity Growth

    AX-UN.TO's Return on Equity has shown poor growth over the past 10 years, increasing by only -10.31%.

    AX-UN.TO Revenue Growth

    See how AX-UN.TO has grown it's revenue over the past 10 years.

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    Revenue Growth

    AX-UN.TO's revenue has shown poor growth over the past 10 years, increasing by only -3.91%.