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These non-GAAP measures are not defined under IFRS and are not intended to represent operating profits for the period, or from a property, nor should any of these measures be viewed as an alternative to net income, cash flow from operations or other measures of financial performance calculated in accordance with IFRS.

applicationsIdentify an NCBI tool for your data analysis Click here for Artis REIT tearsheet Artis cannot assure investors that actual results will be consistent with any forward-looking statements and Artis assumes no obligation to update or revise such forward-looking statements to reflect actual events or new circumstances. At March 31, 2020 , the REIT had two office properties and one retail property classified as held for sale for a total IFRS value of $71.4 million .

Artis Announces Quarterly Cash Distributions. Property dispositions are unlikely during this uncertain time and ongoing and future development projects could potentially face delays for the unknown duration of the COVID-19 pandemic. Welcome to NCBI. There are no credit facilities or debentures maturing prior to 2021.Our current liquidity sufficiently meets working capital requirements, obligations and capital commitments related to ongoing development projects and distribution payments to unitholders. These initiatives included revising the REIT's distribution, immediately and continually purchasing units under our NCIB, optimizing our portfolio by narrowing our focus to key assets in fewer markets, and pursuing high-yield, accretive development projects in our target markets that will improve the value and quality of our portfolio. Particularly, statements regarding the REIT's future operating results, performance and achievements, including the COVID-19 pandemic and the implementation of Artis' new initiatives, are forward-looking statements. ... Artis REIT is focused on producing a stable and growing stream of cash distributions for Unitholders. We continue to monitor guidance and direction provided by public health agencies and have implemented numerous protocols to help reduce the risk of spreading COVID-19 and to protect the health of our stakeholders. As of March 31, 2020 , Artis' commercial property comprises approximately 23.8 million square feet of leasable area.During the three months ended  March 31, 2020 , Proportionate Share Property NOI by asset class, was approximately 46.8% office, 18.7% retail and 34.5% industrial. Post navigation. At March 31, 2020 , our retail portfolio was 90.8% leased with a weighted-average remaining lease term of 4.0 years. Artis REIT is focused on producing a stable and growing stream of cash distributions for Unitholders.

These non-GAAP measures are defined in the Q1-20 MD&A.This press release contains forward-looking statements. For more information on risks related to the COVID-19 pandemic, please refer to the Risks and Uncertainties section of the Q1-20 MD&A.Overall, our first priority is to maintain a safe environment for our tenants, employees and the community. All amounts are in thousands of Canadian dollars, unless otherwise noted. In order to participate, please dial 1.416.764.8688 or 1.888.390.0546. Artis REIT is focused on producing a stable and growing stream of cash distributions for Unitholders. ET). Watts on why the ‘race issue’ is costing Republicans Black votersWhy a ‘benefits cliff’ threatens the economic recovery: Morning BriefJoe Biden's tax policy puts these 16 consumer company stocks at risk: Goldman Sachs The webcast will be archived 24 hours after the end of the conference call and will be accessible for 90 days.In addition to reported IFRS measures, the following non-GAAP measures are commonly used by Canadian real estate investment trusts as an indicator of financial performance: Proportionate Share, Property NOI, Same Property NOI, FFO, AFFO, FFO and AFFO Payout Ratios, NAV per Unit, Debt to GBV, EBITDA Interest Coverage Ratio and Debt to EBITDA. Artis Provides Update on NCIB Activity. (1) Inclusive of properties held under joint venture arrangements. The National Center for Biotechnology Information advances science and health by providing access to biomedical and genomic information. On May 7, 2020 , the REIT temporarily suspended unit purchases under the NCIB. Where appropriate, we have made accommodations for employees to work remotely from home and have restricted all business travel.Due to government-mandated closure of non-essential businesses, a number of retail tenants have had to limit operations or close their businesses temporarily. (1) Percentage committed is based on occupancy at March 31, 2020, plus commitments on vacant space.In November 2018 , we announced several new initiatives that are focused on improving our growth profile, strengthening our balance sheet and ensuring the REIT is best positioned for long-term and sustainable growth.