Financials Artis Real Estate Investment Trust

Equities

AX.UN

CA04315L1058

Commercial REITs

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
6.52 CAD +0.46% Intraday chart for Artis Real Estate Investment Trust +0.15% -1.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,641 1,440 1,487 1,043 715.7 697.1 -
Enterprise Value (EV) 1 1,641 1,440 1,487 1,043 715.7 697.1 697.1
P/E ratio - - - - - - -
Yield 4.54% 5.07% 4.94% 6.66% 9.05% 9.2% 9.2%
Capitalization / Revenue 3.15 x 3.14 x 3.55 x 2.8 x 2.13 x 2.15 x 2.25 x
EV / Revenue 3.15 x 3.14 x 3.55 x 2.8 x 2.13 x 2.15 x 2.25 x
EV / EBITDA 4.91 x 5.02 x 5.83 x 4.02 x 2.88 x 2.57 x 2.73 x
EV / FCF 8.12 x 25.8 x 7.35 x - - 16.6 x 19.9 x
FCF Yield 12.3% 3.88% 13.6% - - 6.02% 5.02%
Price to Book - - - - - - -
Nbr of stocks (in thousands) 137,934 135,058 124,555 115,796 107,951 106,920 -
Reference price 2 11.90 10.66 11.94 9.010 6.630 6.520 6.520
Announcement Date 2/27/20 3/2/21 3/3/22 2/28/23 2/29/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 521.7 458.9 419.5 372.5 335.8 323.5 309.8
EBITDA 1 334.1 286.7 255.2 259.5 248.5 270.9 255.6
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) - - - - - - -
Net income - - - - - - -
Net margin - - - - - - -
EPS - - - - - - -
Free Cash Flow 1 202 55.83 202.3 - - 42 35
FCF margin 38.73% 12.17% 48.22% - - 12.98% 11.3%
FCF Conversion (EBITDA) 60.48% 19.47% 79.28% - - 15.5% 13.69%
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.5400 0.5400 0.5900 0.6000 0.6000 0.6000 0.6000
Announcement Date 2/27/20 3/2/21 3/3/22 2/28/23 2/29/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 97.66 93.24 91.06 94.11 94.1 90.26 84.28 80.41 80.89 88.7
EBITDA - - - - - - - - - -
EBIT - - - - - - - - - -
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - -
Net income - - - - - - - - - -
Net margin - - - - - - - - - -
EPS - - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 3/3/22 5/5/22 8/4/22 11/3/22 2/28/23 5/11/23 8/2/23 11/2/23 2/29/24 -
1CAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 202 55.8 202 - - 42 35
ROE (net income / shareholders' equity) - - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets - - - - - - -
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 2/27/20 3/2/21 3/3/22 2/28/23 2/29/24 - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
6.52 CAD
Average target price
6.5 CAD
Spread / Average Target
-0.31%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. AX.UN Stock
  4. Financials Artis Real Estate Investment Trust