|By Marketwired .||
|June 27, 2014 05:00 PM EDT||
WINNIPEG, MANITOBA -- (Marketwired) -- 06/27/14 -- Artis Real Estate Investment Trust (TSX:AX.UN) ("Artis" or the "REIT") announced today that it intends to release its financial results for the quarter ended June 30, 2014, after the close of the Toronto Stock Exchange on Thursday, August 7, 2014.
Interested parties are invited to participate in a conference call with management on Friday, August 8, 2014 at 12:00 p.m. CT (1:00 p.m. ET). In order to participate, please dial 1-416-340-9432 or 1-800-565-0813. You will be required to identify yourself and the organization on whose behalf you are participating.
Alternatively, you may access the simultaneous webcast by following the link from our website at http://www.artisreit.com/investor-link/conference-callspresentations/. Prior to the webcast, you may follow the link to confirm you have the right software and system requirements.
If you cannot participate on August 8, 2014, a replay of the conference call will be available by dialing 1-905-694-9451 or 1-800-408-3053 and entering passcode #4168889. The replay will be available until August 22, 2014. The webcast will be archived 24 hours after the end of the conference call and will be accessible for 90 days.
Artis is a diversified Canadian real estate investment trust investing in office, industrial and retail properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in Canada and the United States, with a major focus on Western Canada. As of today's date, Artis' commercial property comprises approximately 25.0 million square feet of leasable area.
At March 31, 2014, actual period-to-date Property Net Operating Income ("Property NOI") by asset class was approximately 24.7% retail, 51.5% office and 23.8% industrial. Property NOI by geographical region was approximately 8.3% in British Columbia, 38.7% in Alberta, 5.6% in Saskatchewan, 12.2% in Manitoba, 12.6% in Ontario and 22.6% in the U.S.
Property NOI is a non-GAAP measure. Artis calculates Property NOI as revenues, measured in accordance with International Financial Reporting Standards, less property operating expenses such as taxes, utilities, repairs and maintenance, and does not include charges for interest and amortization or income from joint arrangements accounted for as equity investments.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
Artis Real Estate Investment Trust
Mr. Armin Martens
President and Chief Executive Officer
Artis Real Estate Investment Trust
Mr. Jim Green
Chief Financial Officer
Artis Real Estate Investment Trust
Ms. Heather Nikkel
Director - Investor Relations of the REIT
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