In both this article and the Algonquin Power one, you mention PE and EBITDA. In both cases, I think i'd be interesting to discuss of the interest expense as well. 2021 to 2023 corporate rates have more than doubled, is there a bottom line and cash impact due to rising rate ? Stable Funds from operating & increased interest expense means less cash.
Thanks for article. After reading I’ve read a bit more on their website. I guess the reason why shares are still down compared to 2022 (Sandpiper took control in 2021) is at least partially attributed to Sandpiper planning to use Artis as an asset management platform and invest its cash into other real estate equities/projects. Even though new management seems investor-friendly, it would be a more immediate catalyst if the management simply return cash to close down the NAV gap. It almost as if Sandpiper is using Artis as a platform to become his own Berkshire of real estate sort of thing. And the fact that Artis is paying consultation fees annually of 0.5% to Sandpiper is another concern for me. Samir is CEO for both Artis and Sandpiper and not hesitating at all at doing all these related transactions/deals using both entities. Any thoughts?
Interesting Perspective. Thanks for the article.
In both this article and the Algonquin Power one, you mention PE and EBITDA. In both cases, I think i'd be interesting to discuss of the interest expense as well. 2021 to 2023 corporate rates have more than doubled, is there a bottom line and cash impact due to rising rate ? Stable Funds from operating & increased interest expense means less cash.
Thanks, what about leverage on a net debt /ebitda basis, any risk here? Thanks
Thanks for article. After reading I’ve read a bit more on their website. I guess the reason why shares are still down compared to 2022 (Sandpiper took control in 2021) is at least partially attributed to Sandpiper planning to use Artis as an asset management platform and invest its cash into other real estate equities/projects. Even though new management seems investor-friendly, it would be a more immediate catalyst if the management simply return cash to close down the NAV gap. It almost as if Sandpiper is using Artis as a platform to become his own Berkshire of real estate sort of thing. And the fact that Artis is paying consultation fees annually of 0.5% to Sandpiper is another concern for me. Samir is CEO for both Artis and Sandpiper and not hesitating at all at doing all these related transactions/deals using both entities. Any thoughts?