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ARTIS REAL ESTATE - AXUCN 7.198 PERP (AX-PR-E.CA) Stock Fundamental Analysis

Canada - TSX:AX-PR-E - CA04315L7097

20.85 CAD
0 (0%)
Last: 9/26/2025, 7:00:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to AX-PR-E. AX-PR-E was compared to 37 industry peers in the Diversified REITs industry. AX-PR-E scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. AX-PR-E has a expensive valuation and it also scores bad on growth. AX-PR-E also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year AX-PR-E has reported negative net income.
In the past year AX-PR-E had a positive cash flow from operations.
In multiple years AX-PR-E reported negative net income over the last 5 years.
In the past 5 years AX-PR-E always reported a positive cash flow from operatings.
AX-PR-E.CA Yearly Net Income VS EBIT VS OCF VS FCFAX-PR-E.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

1.2 Ratios

With a Return On Assets value of -2.52%, AX-PR-E is not doing good in the industry: 67.57% of the companies in the same industry are doing better.
With a Return On Equity value of -4.53%, AX-PR-E perfoms like the industry average, outperforming 43.24% of the companies in the same industry.
AX-PR-E has a Return On Invested Capital of 1.88%. This is amonst the worse of the industry: AX-PR-E underperforms 89.19% of its industry peers.
AX-PR-E had an Average Return On Invested Capital over the past 3 years of 4.34%. This is in line with the industry average of 5.52%.
Industry RankSector Rank
ROA -2.52%
ROE -4.53%
ROIC 1.88%
ROA(3y)-3.95%
ROA(5y)-0.73%
ROE(3y)-8.29%
ROE(5y)-1.91%
ROIC(3y)4.34%
ROIC(5y)4.41%
AX-PR-E.CA Yearly ROA, ROE, ROICAX-PR-E.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

With a Operating Margin value of 21.59%, AX-PR-E is not doing good in the industry: 83.78% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of AX-PR-E has declined.
AX-PR-E has a Gross Margin of 52.10%. This is in the lower half of the industry: AX-PR-E underperforms 64.86% of its industry peers.
AX-PR-E's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 21.59%
PM (TTM) N/A
GM 52.1%
OM growth 3Y-9.19%
OM growth 5Y-6.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.4%
GM growth 5Y-1.76%
AX-PR-E.CA Yearly Profit, Operating, Gross MarginsAX-PR-E.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AX-PR-E is destroying value.
AX-PR-E has less shares outstanding than it did 1 year ago.
AX-PR-E has less shares outstanding than it did 5 years ago.
The debt/assets ratio for AX-PR-E has been reduced compared to a year ago.
AX-PR-E.CA Yearly Shares OutstandingAX-PR-E.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
AX-PR-E.CA Yearly Total Debt VS Total AssetsAX-PR-E.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of 0.74, we must say that AX-PR-E is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.74, AX-PR-E is in the better half of the industry, outperforming 67.57% of the companies in the same industry.
The Debt to FCF ratio of AX-PR-E is 13.54, which is on the high side as it means it would take AX-PR-E, 13.54 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 13.54, AX-PR-E is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
AX-PR-E has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
AX-PR-E has a better Debt to Equity ratio (0.45) than 97.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 13.54
Altman-Z 0.74
ROIC/WACC0.28
WACC6.8%
AX-PR-E.CA Yearly LT Debt VS Equity VS FCFAX-PR-E.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

AX-PR-E has a Current Ratio of 0.56. This is a bad value and indicates that AX-PR-E is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Current ratio value of 0.56, AX-PR-E is doing good in the industry, outperforming 78.38% of the companies in the same industry.
AX-PR-E has a Quick Ratio of 0.56. This is a bad value and indicates that AX-PR-E is not financially healthy enough and could expect problems in meeting its short term obligations.
AX-PR-E has a Quick ratio of 0.56. This is amongst the best in the industry. AX-PR-E outperforms 81.08% of its industry peers.
Industry RankSector Rank
Current Ratio 0.56
Quick Ratio 0.56
AX-PR-E.CA Yearly Current Assets VS Current LiabilitesAX-PR-E.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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0

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 71.00% over the past year.
AX-PR-E shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -21.40%.
The Revenue for AX-PR-E have been decreasing by -10.45% on average. This is quite bad
EPS 1Y (TTM)71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1034.73%
Revenue 1Y (TTM)-21.4%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-30.27%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y38.1%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-10.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
AX-PR-E.CA Yearly Revenue VS EstimatesAX-PR-E.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
AX-PR-E.CA Yearly EPS VS EstimatesAX-PR-E.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1 -1 2 -2

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0

4. Valuation

4.1 Price/Earnings Ratio

AX-PR-E reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for AX-PR-E. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
AX-PR-E.CA Price Earnings VS Forward Price EarningsAX-PR-E.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100 -150

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as AX-PR-E.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AX-PR-E indicates a slightly more expensive valuation: AX-PR-E is more expensive than 64.86% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 25.18
EV/EBITDA 53.99
AX-PR-E.CA Per share dataAX-PR-E.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

AX-PR-E has a Yearly Dividend Yield of 8.45%, which is a nice return.
AX-PR-E's Dividend Yield is a higher than the industry average which is at 7.94.
Compared to an average S&P500 Dividend Yield of 2.42, AX-PR-E pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.45%

5.2 History

The dividend of AX-PR-E is nicely growing with an annual growth rate of 8.07%!
AX-PR-E has paid a dividend for at least 10 years, which is a reliable track record.
AX-PR-E has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.07%
Div Incr Years2
Div Non Decr Years11
AX-PR-E.CA Yearly Dividends per shareAX-PR-E.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

AX-PR-E has negative earnings and hence a negative payout ratio. The dividend may be in danger.
AX-PR-E's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-144.93%
EPS Next 2YN/A
EPS Next 3YN/A
AX-PR-E.CA Yearly Income VS Free CF VS DividendAX-PR-E.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

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ARTIS REAL ESTATE - AXUCN 7.198 PERP

TSX:AX-PR-E (9/26/2025, 7:00:00 PM)

20.85

0 (0%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)08-07 2025-08-07
Earnings (Next)11-05 2025-11-05
Inst Owners19.47%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap2.01B
Analysts42.5
Price Target20.78 (-0.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.45%
Yearly Dividend1
Dividend Growth(5Y)8.07%
DP-144.93%
Div Incr Years2
Div Non Decr Years11
Ex-Date09-29 2025-09-29 (0.449875)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.72%
PT rev (3m)0.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 7.82
P/FCF 25.18
P/OCF 25.18
P/B 1.38
P/tB 1.38
EV/EBITDA 53.99
EPS(TTM)-0.65
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)0.83
FCFY3.97%
OCF(TTM)0.83
OCFY3.97%
SpS2.67
BVpS15.13
TBVpS15.13
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.52%
ROE -4.53%
ROCE 2.62%
ROIC 1.88%
ROICexc 1.9%
ROICexgc 1.9%
OM 21.59%
PM (TTM) N/A
GM 52.1%
FCFM 31.05%
ROA(3y)-3.95%
ROA(5y)-0.73%
ROE(3y)-8.29%
ROE(5y)-1.91%
ROIC(3y)4.34%
ROIC(5y)4.41%
ROICexc(3y)4.39%
ROICexc(5y)4.53%
ROICexgc(3y)4.39%
ROICexgc(5y)4.53%
ROCE(3y)6.02%
ROCE(5y)6.13%
ROICexcg growth 3Y-6.15%
ROICexcg growth 5Y-3.03%
ROICexc growth 3Y-6.15%
ROICexc growth 5Y-3.03%
OM growth 3Y-9.19%
OM growth 5Y-6.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.4%
GM growth 5Y-1.76%
F-Score5
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 13.54
Debt/EBITDA 11.53
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage 0.77
Cash Conversion 140.19%
Profit Quality N/A
Current Ratio 0.56
Quick Ratio 0.56
Altman-Z 0.74
F-Score5
WACC6.8%
ROIC/WACC0.28
Cap/Depr(3y)22.34%
Cap/Depr(5y)13.48%
Cap/Sales(3y)0.09%
Cap/Sales(5y)0.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1034.73%
EPS Next Y38.1%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-21.4%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-30.27%
Revenue Next Year-10.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-67.58%
EBIT growth 3Y-18.76%
EBIT growth 5Y-16.32%
EBIT Next Year73.49%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-15.59%
FCF growth 3Y-26.68%
FCF growth 5Y-16.66%
OCF growth 1Y-15.93%
OCF growth 3Y-26.56%
OCF growth 5Y-16.72%