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aid press release – inquiries to distributor. Artis Real Estate Investment Trust (TSX: AX.UN, AX.PR.E, AX.PR.I) reports financial results for the first nine months and the third quarter ended 30 September 2025. Figures are in thousands of CAD, except per‑unit amounts. Q3 data should be read with the REIT’s consolidated statements and MD&A for the same period.
CEO Samir Manji said the company has continued to execute its strategy of reducing leverage, strengthening the balance sheet and growing the portfolio organically. During the quarter, debt to gross book value stayed at 42.3 % and same‑property NOI rose 2.4 %. On 15 September, Artis entered into an agreement to merge with RFA Capital Holdings Inc., creating RFA Financial—a Schedule I bank and mortgage‑origination platform backed by a high‑quality commercial real‑estate portfolio. The transaction will provide multiple growth channels, greater capital access, and an expanded management team, giving unitholders exposure to Canada’s financial‑services sector while preserving cash‑flow benefits from the real‑estate portfolio. Capital from asset sales will be reinvested into the bank and mortgage platforms, enhancing returns.
The Board urges unitholders to review the management information circular filed 10 November 2025 and to vote in favour of the transaction before the proxy deadline on 9 December 2025. Artis remains committed to operational excellence for tenants and stakeholders throughout the transition.
Third‑quarter highlights—Business strategy: RFA Capital will acquire all outstanding units of the REIT through a court‑approved plan of arrangement. The Board recommends a vote in favour of the transaction ahead of the 9 December deadline.
