Artis Real Estate Investment Trust Q3 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Jonathan Kelcher - TD Cowen - Analyst : First question, Samir, just -- and I guess this goes to the lumpy income, but you guys had $4.7 million of additional interest income that the MD&A says may or may not be recurring. What does that refer to? And how can we think about it, whether it will be recurring or not? Or when does it come in?

Question: Jonathan Kelcher - TD Cowen - Analyst : And what causes it to come in?

Question: Jonathan Kelcher - TD Cowen - Analyst : Okay. So I guess on that investment, it looks like you guys can put the pref back to the JV early next year. Is that something you're considering? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 08, 2024 / 6:00PM, AX_u.TO - Q3 2024 Artis Real Estate Investment Trust Earnings Call

Question: Jonathan Kelcher - TD Cowen - Analyst : Okay. Switching gears -- and congrats on getting your leverage down. Actually passed, I think, past the target you were aiming for, so that's good. But how does -- how are you looking at dispositions going forward? Like do you have a target size for your asset base? And I know at the end of your comments, you talked about growth opportunities. Maybe give us some color on what type of growth opportunities you guys might look at?

Question: Jonathan Kelcher - TD Cowen - Analyst : Okay. That's helpful. And then last one for me, just on the 300 Main, what -- where do you sit in terms of occupancy on that? How the lease-up going?