TSX:SOT.DB - Post by User
Post by
Princeps979on Mar 25, 2019 6:20pm
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Post# 29533927
Capitalization rate of 9.8%
Capitalization rate of 9.8% If you look at the history of commercial office space in southern Ontario ( majority of their portfolio ) it hasn't traded ove 10% cap rate since 1992 and it was short lived
broken technically opened small position but looking to compete full position
they sold to hedge fund at 6.6 cap rate they sold properties all over Canada well above IFRS and with average7% cap rate
if I was WAPRA hedge fund I would acquire this REIT or a stock position with rates expected cut BOC this has phenomenal potential
the problem is slate asset management owns 9.2% and the directors CEO CFO owns shares of slate asset management