Artis REIT to Post FY2018 Earnings of $1.31 Per Share, Desjardins Forecasts (AX)

Artis REIT (TSE:AX) – Analysts at Desjardins raised their FY2018 EPS estimates for shares of Artis REIT in a research note issued to investors on Monday, November 5th. Desjardins analyst M. Markidis now expects that the company will earn $1.31 per share for the year, up from their previous forecast of $1.28. Desjardins also issued estimates for Artis REIT’s Q4 2018 earnings at $0.33 EPS.

Artis REIT (TSE:AX) last announced its quarterly earnings results on Thursday, November 1st. The company reported C$0.13 EPS for the quarter, missing analysts’ consensus estimates of C$0.32 by C($0.19). The business had revenue of C$128.10 million for the quarter.

Shares of AX opened at C$13.72 on Thursday. Artis REIT has a 12 month low of C$12.82 and a 12 month high of C$14.42.

About Artis REIT

Artis Real Estate Investment Trust (Artis) is an unincorporated closed-end real estate investment trust (REIT). The Company’s objective is to provide stable, reliable and tax efficient monthly cash distributions, as well as long-term appreciation in the value of Artis’ units. Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario.

Further Reading: Why investors pay attention to retained earnings

Earnings History and Estimates for Artis REIT (TSE:AX)

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