Artis REIT
Artis REIT was a Winnipeg-headquartered Canadian Real Estate Investment Trust (founded 2006) that owned and managed diversified office, retail, and industrial properties across Canada and the United States via TSX-listed common and preferred units until its February 2026 combination with RFA Capital.
- Company typePublic
- Founded2006
- HeadquartersWinnipeg, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Artis REIT does
Artis Real Estate Investment Trust was a Canadian Real Estate Investment Trust established in 2006 and domiciled in Manitoba, Canada, with headquarters in Winnipeg. Artis owned and managed a diversified portfolio of income-producing commercial real estate spanning office, retail, and industrial properties across Canada and the United States. The trust offered three TSX-listed securities — Common Units (AX.un), Series E Preferred Units (AX.PR.E), and Series I Preferred Units (AX.PR.I) — distributing regular monthly and quarterly cash distributions to unitholders and raising capital through multiple debenture series (B through E) totaling over $700 million in aggregate, plus periodic equity offerings and credit facilities.
Artis's go-to-market operated on two parallel tracks: a leasing and property management function that acquired, developed, and leased commercial space directly to tenants, and an investor relations function that targeted retail and institutional unitholders through TSX listing, SEDAR+ filings, and a dedicated newsroom. The core "technology" was the asset management platform itself, supplemented by sustainability credentials such as LEED certification on eight office properties (January 2015) and a series of employer awards between 2014 and 2017.
Over its operating history Artis executed multiple strategic transactions, including a US$58 million U.S. industrial joint venture with Nuveen Real Estate (January 2021), participation in the consortium acquisition of Cominar REIT (announced October 2021, closed February 2022), the $750 million sale of its GTA Industrial Portfolio (June 2021), and accumulation of a 20.75% ownership stake in Dream Office REIT by June 2024. An activist campaign by Sandpiper Asset Management led to a May 2021 settlement agreement under which Artis's CEO and CFO retired and a business transformation plan was unveiled with a board chair change, management changes, and a distribution increase.
Artis REIT firmographics
Firmographics- Name
- Artis REIT
- Legal name
- Artis Real Estate Investment Trust
- Website
- https://artisreit.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Artis REIT was a Winnipeg-headquartered Canadian Real Estate Investment Trust (founded 2006) that owned and managed diversified office, retail, and industrial properties across Canada and the United States via TSX-listed common and preferred units until its February 2026 combination with RFA Capital.
- Ownership category
- akta.pro rank
Artis REIT industry classification
Industry- Product category
- Commercial Real Estate Investment Trust
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Lessors of Other Real Estate Property (53119)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industries
- Real Assets — Operating Platforms & Direct Investments (FSAAAKAL), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)
Keywords
Where Artis REIT is headquartered
LocationHeadquarters
- HQ city
- Winnipeg
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Artis REIT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Others
Revenue model
- Commercial Property Rental Income: Artis REIT generated revenue through the ownership, leasing, and management of income-producing commercial real estate properties across office, retail, and industrial sectors in Canada and the United States.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Artis REIT product offering
Product offeringCore offering
Artis REIT was a diversified Canadian Real Estate Investment Trust that owned, acquired, developed, leased, and managed income-producing commercial real estate properties across the office, retail, and industrial sectors in Canada and the United States. The trust generated rental revenue from tenants and delivered returns to investors through publicly traded common units and preferred units on the Toronto Stock Exchange, paying regular monthly and quarterly cash distributions.
Product overview
Artis REIT operated as a diversified Canadian Real Estate Investment Trust offering three main investment products: Common Units, Series E Preferred Units, and Series I Preferred Units, all traded on the Toronto Stock Exchange. The Common Units provided equity ownership in the REIT's commercial real estate portfolio spanning office, retail, and industrial properties across Canada and the US. The preferred units offered cumulative dividend distributions with rate reset features. Effective February 1, 2026, Artis REIT combined with RFA Capital Inc. through a statutory plan of arrangement, with Artis becoming a wholly-owned subsidiary of RFA Financial Inc., and all Artis units were delisted from the Toronto Stock Exchange.
Differentiator
Problem solved
Functional benefit
Products and services
- Artis REIT Common Units Common units representing ownership interests in Artis REIT's diversified commercial real estate portfolio of office, retail, and industrial properties across Canada and the United States, traded on the Toronto Stock Exchange until the February 2026 combination with RFA Capital.
- Series E Preferred Units Cumulative rate reset preferred trust units of Artis REIT offering cumulative dividend distributions with rate reset features, traded on the Toronto Stock Exchange under AX.PR.E until exchanged for RFA Financial Series E preferred shares following the February 2026 combination.
- Series I Preferred Units Cumulative minimum rate reset preferred trust units of Artis REIT offering cumulative dividend distributions with minimum rate reset features, traded on the Toronto Stock Exchange under AX.PR.I until exchanged for RFA Financial Series I preferred shares following the February 2026 combination.
- Commercial Real Estate Portfolio Artis's high-quality commercial real estate portfolio comprising office, retail, and industrial properties across Canada and the United States, which generated rental income and formed a key component of the combined RFA Financial platform following the February 2026 arrangement.
Quantifiable outcome
- Debt to GBV ratio of 39.8% reported in Q3 2024
- +1 more outcomes
Companies that use Artis REIT
Customer profileSegments1 record
Ideal customer profiles2 records
Artis REIT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Artis REIT partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- RFA Capital Holdings Inc.coreEffective February 1, 2026, Artis Real Estate Investment Trust combined with RFA Capital Inc. through a statutory plan of arrangement to form RFA Financial Inc. (RFA), a TSX-listed diversified financial services company. RFA Capital acquired all outstanding Artis units and Artis became a wholly-owned subsidiary of RFA.
- Investor Group for Cominar REIT AcquisitioncoreArtis REIT participated in an investor group to acquire Cominar REIT in an all-cash transaction announced October 24, 2021. The transaction closed in February 2022. Artis contributed to the acquisition alongside other co-investors in the consortium.
- Sandpiper Asset Management Inc.minorArtis REIT entered into an agreement with Sandpiper Asset Management Inc. in May 2021. Sandpiper was an activist unitholder that had engaged with Artis REIT's board in prior years. The agreement was part of Artis's governance and strategic initiatives.
- Nuveen Real EstateminorArtis REIT entered into a US$58 million joint venture industrial project with Nuveen Real Estate in January 2021. The joint venture focused on industrial real estate development in the United States, combining Artis's property management expertise with Nuveen's capital resources.
Scale indicators9 records
Recent moves7 records
Expansion highlights4 records
Artis REIT competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key highlights7 records
Customer concentration
Artis REIT social profiles
Digital presenceArtis REIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
Artis REIT leadership team
Management profileNumber of profiles
Artis REIT funding detail
Funding detailFunding overview
Funding rounds1 record
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Artis REIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Artis REIT
What does Artis REIT do?
Artis REIT was a diversified Canadian Real Estate Investment Trust that owned, acquired, developed, leased, and managed income-producing commercial real estate properties across the office, retail, and industrial sectors in Canada and the United States. The trust generated rental revenue from tenants and delivered returns to investors through publicly traded common units and preferred units on the Toronto Stock Exchange, paying regular monthly and quarterly cash distributions.
Is Artis REIT a public or private company?
Artis REIT is a public company. It is classified as corporate owned and is currently acquired.
When was Artis REIT founded?
Artis REIT was founded in 2006. It employs 101 to 250 people.
Where is Artis REIT based?
Artis REIT is headquartered in Winnipeg, Canada, in the North America region.
How does Artis REIT make money?
One revenue line is on record: commercial Property Rental Income.
Does Artis REIT have an API?
No public API is recorded for Artis REIT.
What industry is Artis REIT in?
Artis REIT's product category is Commercial Real Estate Investment Trust. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of FSAAAKAL, Real Assets — Operating Platforms & Direct Investments. Its NAICS code is 525 and its SIC code is 6798.