Artis Real Estate Investment Trust Q4 2024 Earnings Call Transcript

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

Question: Jonathan Kelcher - TD Cowan - Analyst : Thanks, good afternoon, just on the Cominar just so I understand this. So the equity, investment is completely written off right now, and then on the preferred it doesn't look like you guys booked any income on that in the in the quarter. So how should like it's down to $139 million how should we think about that going forward?

Question: Jonathan Kelcher - TD Cowan - Analyst : Okay. So, just taking your Q4 value of that assuming probably no income for that amount of money in Q1. And then so, presumably you would invest that $140 million or whatever you end up getting back in in into something starting in Q2 is that kind of a way to think about it?

Question: Jonathan Kelcher - TD Cowan - Analyst : Okay, now that was a fairly significant amount of your sort of annual FFO. How should we think about the distribution going forward if that if that income is gone?

Question: Jonathan Kelcher - TD Cowan - Analyst : Okay. And then just on the quarter, the NOI, I was up quarter over quarter by $4.5 million or so is. And I'm assuming there's one time stuff in there can you maybe describe that and what the outlook if there's any, if you're expecting any sort of similar one-time income in in 2025. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 07, 2025 / 6:00PM, AX_u.TO - Q4 2024 Artis Real Estate Investment Trust Earnings Call

Question: Jonathan Kelcher - TD Cowan - Analyst : Okay. That's it for me. I'll turn it back thanks.