Artis REIT, Peers Take Calgary Office Hit Amid Oil-Price Slump

  • Artis has C$387 million writedown on its Alberta portfolio
  • Canadian REITs exposed to oil-producing region hurt in 2015

Artis Real Estate Investment Trust said it took a C$387 million ($289 million) writedown on its Alberta properties, making it the latest Canadian office landlord to suffer as the country’s biggest oil-producing province is hurt by the drop in the price of crude.

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