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Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB.A


Primary Symbol: T.SOT.DB Alternate Symbol(s):  SLTTF | T.SOT.DB.B | T.SOT.UN



TSX:SOT.DB - Post by User

Comment by incomedreamer11on Aug 07, 2022 1:08pm
153 Views
Post# 34877215

RE:RE:RE:Earnings Are Out

RE:RE:RE:Earnings Are Out



Managment still want to be with SLAM fee and keep bying properties

instead giving money shareholders.

From confernece:

Steve Hodgson, Chief Executive Officer :

That's the question we discuss with our Board quite often. On the acquisition front—in the markets in which we operate—we don't expect a lot of transaction volume for the balance of the year. I think groups are still in price discovery mode and there's some volatility. Where we see some opportunities is in some smaller bolton acquisitions that are complementary to our existing portfolio, whether that be an asset that might be in one of the business parks that we hold assets in in Ireland, or something in the life science space elsewhere. That's what we're focused on, and it would be a recycling of capital. What we're working through with our board is the pros and cons of those small, strategic acquisitions versus buying back our own stock, which we agree is cheap right now. We don't view that as a strategy. We view that as a tactic. Our ultimate strategy is growth because it has many benefits in terms of diversification and getting to a lower cost of capital, but we do see the value when the stock's trading at such a discount.
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