Artis Real Estate Investment Trust

AX-UN.TOTSXReal Estate

$8.82

$-0.38(-4.13%)

Market Cap$846424292

P/E Ratio—

52W High$30.02

52W Low$5.88

Avg Volume345K

Open$9.09

Beta0.67

Overview

Artis Real Estate Investment Trust (AX-UN.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AX-UN.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

AX-UN.TO · FCF · TTM · margin & CAGR

Free cash flow was $79.7M for FY2024 (fiscal year ending 2024-12-31), up 0.2% year-over-year The FCF margin was 26.5%. Five-year CAGR stands at -17.0%.

FY2024 Free Cash Flow$79.7M▲ +0.2% YoY

Trailing 12M (TTM)$110.0Mtrailing 4 quarters sum

FCF Margin26.5%$79.7M ÷ revenue

3-Year CAGR-26.7%FY2021 → FY2024

5-Year CAGR-17.0%FY2019 → FY2024

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AX-UN.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$80.1M(0M)$79.7M▲ +0.2%26.5%

FY2023$80.0M(0M)$79.6M▼ 43.4%23.7%

FY2022$140.7M(0M)$140.7M▼ 30.4%37.8%

FY2021$202.3M(0M)$202.3M▲ +14.7%48.2%

FY2020$176.3M(0M)$176.3M▼ 12.7%38.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AX-UN.TO · P/FCF · FCF yield · FCF per share

Artis Real Estate Investment Trust (AX-UN.TO) trades at a FCF yield of 12.99% and a price-to-free-cash-flow ratio of 8.4x. FCF per share stands at $1.05, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.99%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.05

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x17.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-31

Cash flow statement summary

AX-UN.TO · cash flow statement · operating / investing / financing

For FY2024, Artis Real Estate Investment Trust generated $80.1M in operating cash flow and spent 0M in capital expenditures, yielding $79.7M in free cash flow.

Operating Activities

+$80.1M

Cash from core business operations

2024-12-31

Investing Activities

+$652.1M

CapEx, acquisitions & investments

2024-12-31

Financing Activities

−$730.4M

Buybacks, dividends & debt

2024-12-31

FCF FormulaOperating CF ($80.1M) − |CapEx| (0M) = FCF ($79.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

AX-UN.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Artis Real Estate Investment TrustYOU

AX-UN.TO

$79.7M+0.2%26.5%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Artis Real Estate Investment Trust (AX-UN.TO) reported free cash flow of $79.7M for FY2024 (fiscal year ending 2024-12-31), up 0.2% year-over-year. The FCF margin was 26.5%.

Based on available data, Artis Real Estate Investment Trust has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $251.3M in FY2016. The 5-year CAGR stands at -17.0%.

Artis Real Estate Investment Trust's FCF yield is 12.99% and price-to-FCF ratio is 8.4x for FY2024, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AX-UN.TO free cash flow · 8 questions

Artis Real Estate Investment Trust free cash flow was $79.7M for FY2024, up 0.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $110.0M.

AX-UN.TO free cash flowAX-UN.TO FCFAX-UN.TO FCF 2024AX-UN.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Artis Real Estate Investment Trust · Artis Real Estate Investment Trust SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026