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Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) Net-Net Working Capital : C$0.00 (As of Dec. 2023)


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What is Artis Real Estate Investment Trust Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Artis Real Estate Investment Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was C$0.00.

The industry rank for Artis Real Estate Investment Trust's Net-Net Working Capital or its related term are showing as below:

TSX:AX.PR.A.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 10.435
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Artis Real Estate Investment Trust Net-Net Working Capital Historical Data

The historical data trend for Artis Real Estate Investment Trust's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Artis Real Estate Investment Trust Net-Net Working Capital Chart

Artis Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
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Artis Real Estate Investment Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Artis Real Estate Investment Trust's Net-Net Working Capital

For the REIT - Diversified subindustry, Artis Real Estate Investment Trust's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Artis Real Estate Investment Trust's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Artis Real Estate Investment Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Artis Real Estate Investment Trust's Price-to-Net-Net-Working-Capital falls into.



Artis Real Estate Investment Trust Net-Net Working Capital Calculation

Artis Real Estate Investment Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(28.94+0.75 * 5.017+0.5 * 571.76-2018.698
-191.687-0)/0
=N/A

Artis Real Estate Investment Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(28.94+0.75 * 5.017+0.5 * 571.76-2018.698
-191.687-0)/0
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Artis Real Estate Investment Trust  (TSX:AX.PR.A.PFD) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Artis Real Estate Investment Trust Net-Net Working Capital Related Terms

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Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) Business Description

Address
220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5
Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) Headlines

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