TSX:SOT.DB - Post by User
Post by
HermannHalleron May 13, 2021 4:06pm
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Post# 33196820
Conference call highlights
Conference call highlightsThere seemed to be two key areas of focus, rate growth and acquisitions:
- with the big lease renewed in April, analysts were asking a lot about the rate. Mgmt wouldn't reveal details but said uplift of over 13% on new leases since last year would be better in Q2 (implying they are getting a nice lift on this big property)
- mgmt seemed to surprise analysts by saying they would like to do a transformative acquisition, maybe in Europe. At first this sounds far fetched, but they explained Slate has a team in Europe already working on deals, could involve office properties. Must be accretive.
I don't know, maybe 'transformative' is what this company needs? I will keep collecting my 9% until they come up with something.