Artis REIT Reports Q1 Results: Leverage Falls, Occupancy Edges Lower Artis Real Estate Investment Trust posted a reduced debt-to-gross book value ratio of 39.2% for Q1 2025, down from 40.2%. The REIT sold four Canadian properties for $70.5 million. However, occupancy dipped to 87.1%, and AFFO payout ratios remain elevated, highlighting ongoing operational challenges.23