Artis Real Estate Investment Trust (TSX:AX.PR.U.PFD) Scaled Net Operating Assets : 0.78 (As of Sep. 2024)

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What is Artis Real Estate Investment Trust Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Artis Real Estate Investment Trust's operating assets for the quarter that ended in Sep. 2024 was $2,065.27 Mil. Artis Real Estate Investment Trust's operating liabilities for the quarter that ended in Sep. 2024 was $69.99 Mil. Artis Real Estate Investment Trust's Total Assets for the quarter that ended in Jun. 2024 was $2,559.76 Mil. Therefore, Artis Real Estate Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.78.

Artis Real Estate Investment Trust Scaled Net Operating Assets Historical Data

The historical data trend for Artis Real Estate Investment Trust's Scaled Net Operating Assets 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.

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Artis Real Estate Investment Trust Scaled Net Operating Assets Chart

Artis Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.92

0.91

0.87

0.91

0.80

Artis Real Estate Investment Trust Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.92	0.94	0.96	0.90	0.78

Competitive Comparison of Artis Real Estate Investment Trust's Scaled Net Operating Assets

For the REIT - Diversified subindustry, Artis Real Estate Investment Trust's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Artis Real Estate Investment Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Artis Real Estate Investment Trust's Scaled Net Operating Assets falls into.

Artis Real Estate Investment Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Artis Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2762.441	-	84.344)	/	3352.163
=	0.80

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2784.012	-	21.571
=	2762.441

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1504.694	-	776.915	-	643.435
=	84.344

Artis Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(2065.265	-	69.99)	/	2559.757
=	0.78

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2099.437	-	34.172
=	2065.265

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	907.848	-	407.103	-	430.755
=	69.99

Artis Real Estate Investment Trust Scaled Net Operating Assets Related Terms

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Artis Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Artis Real Estate Investment Trust (TSX:AX.PR.U.PFD) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

ARESF:USA 5G6:Germany 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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