Artis Real Estate Investment Trust (TSX:AX.PR.U.PFD) Debt-to-EBITDA

: -9.28 (As of Dec. 2023)

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Debt-to-EBITDA measures a company's ability to pay off its debt.

Artis Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $643.44 Mil. Artis Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $776.92 Mil. Artis Real Estate Investment Trust's annualized EBITDA for the quarter that ended in Dec. 2023 was $-153.12 Mil. Artis Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -9.28.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Artis Real Estate Investment Trust's Debt-to-EBITDA or its related term are showing as below:

TSX:AX.PR.U.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -43.43 Med: 9.85 Max: 22.72
Current: -8.77

During the past 13 years, the highest Debt-to-EBITDA Ratio of Artis Real Estate Investment Trust was 22.72. The lowest was -43.43. And the median was 9.85.

TSX:AX.PR.U.PFD's Debt-to-EBITDA is ranked worse than
100% of 512 companies
in the REITs industry
Industry Median: 7.14 vs TSX:AX.PR.U.PFD: -8.77

Artis Real Estate Investment Trust Debt-to-EBITDA Historical Data

The historical data trend for Artis Real Estate Investment Trust's Debt-to-EBITDA 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

11.84

22.44

4.28

22.72

-8.77

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
Debt-to-EBITDA																-5.25	198.70	-8.04	-4.36	-9.28

Competitive Comparison

For the REIT - Diversified subindustry, Artis Real Estate Investment Trust's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA Distribution

For the REITs industry and Real Estate sector, Artis Real Estate Investment Trust's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Artis Real Estate Investment Trust's Debt-to-EBITDA falls into.

Artis Real Estate Investment Trust Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Artis Real Estate Investment Trust's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(643.435	+	776.915)	/	-161.892
	=	-8.77

Artis Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(643.435	+	776.915)	/	-153.12
	=	-9.28

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Artis Real Estate Investment Trust (TSX:AX.PR.U.PFD) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Artis Real Estate Investment Trust Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Artis Real Estate Investment Trust's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Artis Real Estate Investment Trust (TSX:AX.PR.U.PFD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ARESF:USA AX.PR.I.PFD:Canada AX.UN:Canada AX.PR.E.PFD:Canada

Address

220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5

Website

https://www.artisreit.com

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.

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