See more : Munjal Auto Industries Limited (MUNJALAU.NS) Income Statement Analysis – Financial Results
Complete financial analysis of Artis Real Estate Investment Trust (ARESF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Artis Real Estate Investment Trust, a leading company in the REIT – Diversified industry within the Real Estate sector.
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Artis Real Estate Investment Trust (ARESF)
About Artis Real Estate Investment Trust
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 335.84M | 372.51M | 419.50M | 458.92M | 521.66M | 512.87M | 516.33M | 549.15M | 535.57M | 500.56M | 463.42M | 372.47M | 293.09M | 136.73M | 136.85M | 142.98M | 99.26M | 53.52M | 9.64M | 550.65K |
| Cost of Revenue | 151.82M | 162.53M | 181.71M | 189.64M | 211.80M | 208.55M | 205.10M | 213.04M | 203.18M | 187.71M | 166.54M | 132.06M | 107.70M | 62.03M | 43.49M | 45.25M | 31.79M | 19.27M | 3.42M | 123.23K |
| Gross Profit | 184.02M | 209.98M | 237.79M | 269.28M | 309.86M | 304.32M | 311.22M | 336.12M | 332.40M | 312.85M | 296.88M | 240.41M | 185.39M | 74.69M | 93.36M | 97.73M | 67.47M | 34.25M | 6.22M | 427.43K |
| Gross Profit Ratio | 54.79% | 56.37% | 56.68% | 58.68% | 59.40% | 59.34% | 60.28% | 61.21% | 62.06% | 62.50% | 64.06% | 64.54% | 63.25% | 54.63% | 68.22% | 68.35% | 67.97% | 63.99% | 64.50% | 77.62% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.79M | 6.41M | 11.35M | 10.78M | 14.68M | 14.44M | 13.78M | 13.32M | 11.51M | 10.26M | 9.71M | 11.99M | 11.06M | 6.74M | 4.52M | 0.00 | 0.00 | 3.08M | 913.14K | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 4.79M | 6.41M | 11.35M | 10.78M | 14.68M | 14.44M | 13.78M | 13.32M | 11.51M | 10.26M | 9.71M | 11.99M | 11.06M | 6.74M | 4.52M | 0.00 | 0.00 | 3.08M | 913.14K | 55.50K |
| Other Expenses | 2.19M | 1.25M | 1.36M | 1.42M | 1.13M | -6.42M | 1.05M | -741.00K | -2.14M | 121.00K | 85.00K | -342.00K | 0.00 | 200.00K | -7.29M | -223.00K | -56.39M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 6.98M | 7.66M | 12.71M | 12.21M | 15.81M | 14.44M | 13.78M | 13.32M | 11.51M | 10.26M | 9.71M | 11.99M | 11.06M | 78.67M | 59.24M | 63.11M | 46.02M | 29.23M | 5.57M | 253.74K |
| Cost & Expenses | 158.80M | 170.19M | 194.43M | 201.85M | 227.61M | 222.98M | 218.88M | 226.36M | 214.69M | 197.97M | 176.25M | 144.05M | 118.75M | 140.70M | 102.73M | 108.35M | 77.81M | 48.50M | 9.00M | 376.96K |
| Interest Income | 31.51M | 17.45M | 1.89M | 4.80M | 3.26M | 2.19M | 1.48M | 2.06M | 1.32M | 1.82M | 2.03M | 2.65M | 2.58M | 2.55M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 119.25M | 87.16M | 67.11M | 83.11M | 105.44M | 98.05M | 94.60M | 107.72M | 110.48M | 108.55M | 102.62M | 94.28M | 78.94M | 54.84M | 40.10M | 41.05M | 28.19M | 17.00M | 3.16M | 239.38K |
| Depreciation & Amortization | 1.23M | 1.25M | 1.36M | 1.42M | 1.13M | 1.05M | 911.00K | 859.00K | 755.00K | 575.00K | 511.00K | 353.00K | 120.00K | 59.46M | 44.33M | 44.88M | 31.67M | 15.24M | 2.70M | 198.23K |
| EBITDA | -217.19M | 294.90M | 242.56M | 281.12M | 331.86M | 298.55M | 329.63M | 337.07M | 323.26M | 307.01M | 294.28M | 231.41M | 174.46M | 103.08M | 48.27M | 92.99M | 60.16M | 31.17M | 5.31M | 371.92K |
| EBITDA Ratio | -64.67% | 79.16% | 57.82% | 61.26% | 63.62% | 58.21% | 61.96% | 61.38% | 60.36% | 60.16% | 64.14% | 62.13% | 59.52% | 49.01% | 59.25% | 65.04% | 60.61% | 58.24% | 55.03% | 67.54% |
| Operating Income | 184.02M | 293.64M | 237.79M | 269.28M | 309.86M | 304.32M | 311.22M | 336.12M | 332.40M | 312.85M | 296.88M | 231.06M | 174.34M | 3.98M | 34.12M | 48.10M | 21.45M | 5.02M | 646.09K | 188.05K |
| Operating Income Ratio | 54.79% | 78.83% | 56.68% | 58.68% | 59.40% | 59.34% | 60.28% | 61.21% | 62.06% | 62.50% | 64.06% | 62.03% | 59.48% | 2.91% | 24.93% | 33.64% | 21.61% | 9.38% | 6.70% | 34.15% |
| Total Other Income/Expenses | -521.69M | -200.92M | 158.91M | -241.39M | -175.69M | -145.16M | -77.11M | -214.20M | -501.58M | -107.66M | -91.89M | 109.28M | 149.06M | 200.00K | -47.39M | -40.82M | -28.07M | -16.18M | -3.16M | -253.74K |
| Income Before Tax | -337.67M | 9.06M | 390.46M | 22.28M | 124.55M | 159.16M | 234.12M | 116.62M | -175.70M | 197.89M | 191.16M | 340.34M | 320.82M | 4.18M | -13.27M | -6.20M | -4.24M | -11.15M | -2.52M | -65.69K |
| Income Before Tax Ratio | -100.55% | 2.43% | 93.08% | 4.85% | 23.88% | 31.03% | 45.34% | 21.24% | -32.81% | 39.53% | 41.25% | 91.37% | 109.46% | 3.05% | -9.69% | -4.34% | -4.27% | -20.84% | -26.12% | -11.93% |
| Income Tax Expense | -5.61M | 14.36M | 1.29M | 733.00K | 1.82M | 527.00K | -319.00K | 683.00K | 110.78M | 104.68M | 110.16M | 94.28M | -469.00K | 11.52M | 10.90M | 457.00K | -10.39M | 27.91M | 1.96M | 25.54K |
| Net Income | -332.07M | -5.29M | 389.18M | 21.54M | 102.80M | 136.69M | 216.02M | 97.50M | -175.70M | 180.22M | 177.15M | 337.36M | 321.29M | -3.78M | -9.19M | -6.79M | 6.16M | -11.15M | -2.52M | -91.23K |
| Net Income Ratio | -98.88% | -1.42% | 92.77% | 4.69% | 19.71% | 26.65% | 41.84% | 17.76% | -32.81% | 36.00% | 38.23% | 90.57% | 109.62% | -2.76% | -6.71% | -4.75% | 6.20% | -20.84% | -26.12% | -16.57% |
| EPS | -3.10 | -0.04 | 2.87 | 0.16 | 0.86 | 0.89 | 1.43 | 0.67 | -1.28 | 1.36 | 1.45 | 3.21 | 4.02 | -0.07 | -0.27 | -0.21 | 0.25 | -0.94 | -0.74 | -0.26 |
| EPS Diluted | -3.10 | -0.04 | 2.86 | 0.16 | 0.86 | 0.89 | 1.43 | 0.67 | -1.28 | 1.33 | 1.41 | 3.14 | 3.60 | -0.07 | -0.27 | -0.21 | 0.24 | -0.94 | -0.74 | -0.26 |
| Weighted Avg Shares Out | 111.29M | 117.93M | 129.55M | 136.21M | 142.43M | 153.07M | 150.58M | 144.92M | 137.60M | 132.55M | 122.41M | 105.05M | 79.87M | 57.00M | 33.92M | 32.09M | 24.62M | 11.86M | 3.40M | 352.48K |
| Weighted Avg Shares Out (Dil) | 111.29M | 118.47M | 130.03M | 136.61M | 142.43M | 153.57M | 150.89M | 145.21M | 137.60M | 143.12M | 133.07M | 115.64M | 92.41M | 57.00M | 33.92M | 32.09M | 25.48M | 11.86M | 3.40M | 352.48K |
Artis Real Est In Tr (ARESF) CEO Samir Manji on Q4 2021 Results - Earnings Call Transcript
Artis Real Est In Tr (ARESF) CEO Samir Manji on Q4 2021 Results - Earnings Call Transcript
2 Canadian REITs Below Book Value and Buying Back Shares
I have recently taken an interest in two Canadian REITs, Dream Office Real Estate Investment Trust ( TSX:D.UN , Financial) and Artis Real Estate Investment Trust ( TSX:AX.UN , Financial). They are selling below tangible book value, are free cash...
Artis Real Est In Tr's (ARESF) CEO Samir Manji on Q3 2021 Results - Earnings Call Transcript
Artis Real Est In Tr's (ARESF) CEO Samir Manji on Q3 2021 Results - Earnings Call Transcript
Artis Real Estate Investment Trust (ARESF) CEO Samir Manji on Q2 2021 Results - Earnings Call Transcript
Artis Real Estate Investment Trust (ARESF) CEO Samir Manji on Q2 2021 Results - Earnings Call Transcript
Artis REIT Is Being Shaken Up
Canadian REITs in general have still not recovered their pre-pandemic prices, but as the Canadian economy reopens, they are expected to recover strongly and get back to form. One name that really stands out to me in the Canadian REITs...
Artis Real Est In Tr (ARESF) CEO Samir Manji on Q1 2021 Results - Earnings Call Transcript
Artis Real Est In Tr (ARESF) CEO Samir Manji on Q1 2021 Results - Earnings Call Transcript
Artis REIT (ARESF) Interim CEO Samir Manji on Q4 2020 Results - Earnings Call Transcript
Artis REIT (ARESF) Interim CEO Samir Manji on Q4 2020 Results - Earnings Call Transcript
Artis REIT: Break-Up Will Deliver Value, But Who Will Wield The Hammer?
Artis delivered strong 3Q20 operating results with high rent collection and rising FFO. COVID impact has been limited due to portfolio of industrial assets, secondary office markets, and essential retail.
Artis Real Est In Tr's (ARESF) CEO Armin Martens on Q3 2020 Results - Earnings Call Transcript
Artis Real Est In Tr's (ARESF) CEO Armin Martens on Q3 2020 Results - Earnings Call Transcript
Source: https://incomestatements.info
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