ARTIS REAL ESTATE - AXUCN 6.905 PERP (AX-PR-I.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:AX-PR-I • CA04315L8657

21.85 CAD
+0.2 (+0.92%)
Last: Feb 3, 2026, 07:00 PM
Fundamental Rating

2

AX-PR-I gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 38 industry peers in the Diversified REITs industry. The financial health of AX-PR-I is average, but there are quite some concerns on its profitability. AX-PR-I has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year AX-PR-I has reported negative net income.
  • AX-PR-I had a positive operating cash flow in the past year.
  • In multiple years AX-PR-I reported negative net income over the last 5 years.
  • AX-PR-I had a positive operating cash flow in each of the past 5 years.
AX-PR-I.CA Yearly Net Income VS EBIT VS OCF VS FCFAX-PR-I.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

1.2 Ratios

  • AX-PR-I has a worse Return On Assets (-3.37%) than 68.42% of its industry peers.
  • Looking at the Return On Equity, with a value of -6.21%, AX-PR-I is doing worse than 65.79% of the companies in the same industry.
  • With a Return On Invested Capital value of 0.28%, AX-PR-I is not doing good in the industry: 97.37% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for AX-PR-I is in line with the industry average of 5.49%.
  • The last Return On Invested Capital (0.28%) for AX-PR-I is well below the 3 year average (4.34%), which needs to be investigated, but indicates that AX-PR-I had better years and this may not be a problem.
Industry RankSector Rank
ROA -3.37%
ROE -6.21%
ROIC 0.28%
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-I.CA Yearly ROA, ROE, ROICAX-PR-I.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

  • AX-PR-I has a worse Operating Margin (3.20%) than 97.37% of its industry peers.
  • AX-PR-I's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 51.93%, AX-PR-I is doing worse than 71.05% of the companies in the same industry.
  • In the last couple of years the Gross Margin of AX-PR-I has declined.
Industry RankSector Rank
OM 3.2%
PM (TTM) N/A
GM 51.93%
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-I.CA Yearly Profit, Operating, Gross MarginsAX-PR-I.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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5

2. Health

2.1 Basic Checks

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

2.2 Solvency

  • Based on the Altman-Z score of 0.71, we must say that AX-PR-I is in the distress zone and has some risk of bankruptcy.
  • With a decent Altman-Z score value of 0.71, AX-PR-I is doing good in the industry, outperforming 71.05% of the companies in the same industry.
  • The Debt to FCF ratio of AX-PR-I is 14.16, which is on the high side as it means it would take AX-PR-I, 14.16 years of fcf income to pay off all of its debts.
  • AX-PR-I has a Debt to FCF ratio of 14.16. This is in the better half of the industry: AX-PR-I outperforms 68.42% of its industry peers.
  • A Debt/Equity ratio of 0.47 indicates that AX-PR-I is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.47, AX-PR-I belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 14.16
Altman-Z 0.71
ROIC/WACC0.04
WACC6.65%
AX-PR-I.CA Yearly LT Debt VS Equity VS FCFAX-PR-I.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 0.75 indicates that AX-PR-I may have some problems paying its short term obligations.
  • AX-PR-I has a Current ratio of 0.75. This is in the better half of the industry: AX-PR-I outperforms 78.95% of its industry peers.
  • AX-PR-I has a Quick Ratio of 0.75. This is a bad value and indicates that AX-PR-I is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of AX-PR-I (0.75) is better than 78.95% of its industry peers.
Industry RankSector Rank
Current Ratio 0.75
Quick Ratio 0.75
AX-PR-I.CA Yearly Current Assets VS Current LiabilitesAX-PR-I.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 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 nice 19.29% over the past year.
  • Looking at the last year, AX-PR-I shows a very negative growth in Revenue. The Revenue has decreased by -20.06% in the last year.
  • AX-PR-I shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -10.45% yearly.
EPS 1Y (TTM)19.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-166.48%
Revenue 1Y (TTM)-20.06%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-10.33%

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-I.CA Yearly Revenue VS EstimatesAX-PR-I.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
AX-PR-I.CA Yearly EPS VS EstimatesAX-PR-I.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 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

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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AX-PR-I is valued a bit more expensive than 60.53% of the companies in the same industry.
  • AX-PR-I's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. AX-PR-I is more expensive than 71.05% of the companies in the same industry.
Industry RankSector Rank
P/FCF 26.85
EV/EBITDA 333.21
AX-PR-I.CA Per share dataAX-PR-I.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

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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6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.45%, AX-PR-I is a good candidate for dividend investing.
  • AX-PR-I's Dividend Yield is a higher than the industry average which is at 7.11.
  • Compared to an average S&P500 Dividend Yield of 1.82, AX-PR-I pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.45%

5.2 History

  • On average, the dividend of AX-PR-I grows each year by 8.07%, which is quite nice.
  • AX-PR-I has been paying a dividend for over 5 years, so it has already some track record.
  • AX-PR-I has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.07%
Div Incr Years2
Div Non Decr Years3
AX-PR-I.CA Yearly Dividends per shareAX-PR-I.CA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • The earnings of AX-PR-I are negative and hence is the payout ratio. AX-PR-I will probably not be able to sustain this dividend level.
  • The dividend of AX-PR-I is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-107.39%
EPS Next 2YN/A
EPS Next 3YN/A
AX-PR-I.CA Yearly Income VS Free CF VS DividendAX-PR-I.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

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ARTIS REAL ESTATE - AXUCN 6.905 PERP

TSX:AX-PR-I (2/3/2026, 7:00:00 PM)

21.85

+0.2 (+0.92%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-14
Earnings (Next)02-26
Inst Owners21.97%
Inst Owner ChangeN/A
Ins Owners0.24%
Ins Owner ChangeN/A
Market Cap2.10B
Revenue(TTM)249.75M
Net Income(TTM)-87.80M
Analysts37.14
Price Target20.99 (-3.94%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.45%
Yearly Dividend1
Dividend Growth(5Y)8.07%
DP-107.39%
Div Incr Years2
Div Non Decr Years3
Ex-Date01-30
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)3.06%
PT rev (3m)-18.1%
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 8.4
P/FCF 26.85
P/OCF 26.85
P/B 1.48
P/tB 1.48
EV/EBITDA 333.21
EPS(TTM)-0.89
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)0.81
FCFY3.72%
OCF(TTM)0.81
OCFY3.72%
SpS2.6
BVpS14.72
TBVpS14.72
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -3.37%
ROE -6.21%
ROCE 0.38%
ROIC 0.28%
ROICexc 0.28%
ROICexgc 0.28%
OM 3.2%
PM (TTM) N/A
GM 51.93%
FCFM 31.27%
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%
ROICexgc growth 3Y-6.15%
ROICexgc 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 0.47
Debt/FCF 14.16
Debt/EBITDA 69.38
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage 0.12
Cash Conversion 819.32%
Profit Quality N/A
Current Ratio 0.75
Quick Ratio 0.75
Altman-Z 0.71
F-Score5
WACC6.65%
ROIC/WACC0.04
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)19.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-166.48%
EPS Next Y38.1%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-20.06%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-10.33%
Revenue Next Year-10.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-94.99%
EBIT growth 3Y-18.76%
EBIT growth 5Y-16.32%
EBIT Next Year73.49%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.59%
FCF growth 3Y-26.68%
FCF growth 5Y-16.66%
OCF growth 1Y17.92%
OCF growth 3Y-26.56%
OCF growth 5Y-16.72%

ARTIS REAL ESTATE - AXUCN 6.905 PERP / AX-PR-I.CA FAQ

Can you provide the ChartMill fundamental rating for ARTIS REAL ESTATE - AXUCN 6.905 PERP?

ChartMill assigns a fundamental rating of 2 / 10 to AX-PR-I.CA.


What is the valuation status of ARTIS REAL ESTATE - AXUCN 6.905 PERP (AX-PR-I.CA) stock?

ChartMill assigns a valuation rating of 0 / 10 to ARTIS REAL ESTATE - AXUCN 6.905 PERP (AX-PR-I.CA). This can be considered as Overvalued.


What is the profitability of AX-PR-I stock?

ARTIS REAL ESTATE - AXUCN 6.905 PERP (AX-PR-I.CA) has a profitability rating of 2 / 10.


What is the financial health of ARTIS REAL ESTATE - AXUCN 6.905 PERP (AX-PR-I.CA) stock?

The financial health rating of ARTIS REAL ESTATE - AXUCN 6.905 PERP (AX-PR-I.CA) is 5 / 10.


What is the earnings growth outlook for ARTIS REAL ESTATE - AXUCN 6.905 PERP?

The Earnings per Share (EPS) of ARTIS REAL ESTATE - AXUCN 6.905 PERP (AX-PR-I.CA) is expected to grow by 38.1% in the next year.