TSX:SOT.DB - Post by User
Comment by
HermannHalleron Nov 23, 2021 2:47pm
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Post# 34158328
RE:RE:RE:RE:SOT
RE:RE:RE:RE:SOTI think mgmt is correct to say that if they were bigger they would get more institutional interest. This deal is making them bigger, but also a lot more complicated. Plus the debt is actually going up a bit, and I think it was already at the high-end in the sector. I've had enough, GLTA, I'm out.
Malpeque2 wrote: SLAM is a scam. Look at the Toronto property they just sold. Owned for years, the lease occupancy rate was low, and never really improved. Atlantic Canada obviously needs some work on the part of the manager to improve the properties and rent rolls.
The whole purpose of this REIT IF anyone takes the time to look at all their marketing stuff wsas to buy undervalued properties below replacement value and improve the operation and occupancy and then sell them for higher.
With the SP in half, and the financials, it should be obvious to anyone that this HAS NOT HAPPENED. This is about the worst performing REIT in Canada, a tie with Morguard REIT maybe. They should be liquidated or sold. Not being funded at 50-60% of NAV to go buy more and let SLAM earn more fees.