TSX:SOT.DB - Post by User
Comment by
CanSiamCypon May 13, 2021 11:37am
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Post# 33191803
RE:Q1 Results are out
RE:Q1 Results are outLad: "Not great" is an understatement!!! These use less numb nu ts are running the payout ratios back up to the point where they will think it wise to cut the distribution again. Hopefully enough people voted NO to everything on the annual proxy vote solicitation to get a message of dissatisfaction across to the ar$e holes! Cheers!
Ladislav3 wrote: https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/slate-office-reit-reports-first-quarter-2021-results
Not great. Compared to last year Q1 significant drop in rental revenue, and a lesser drop in NOI.
Compared to Q1 2020
22% drop in FFO (70% payout ratio) - now 14 cents per unit
13% drop in AFFO (79% payout ratio) - now 13 cents per unit
No change in loan to value and occupancy trending lower (now 83.5%).