Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

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

Slate Office REIT (the REIT) is a Canada-based global owner and operator of workplace real estate. The REIT is an unincorporated, open-ended real estate investment trust. The REIT owns interests in and operates a portfolio of real estate assets in North America and Europe. The REIT's portfolio is primarily comprised of government and credit tenants. The REIT's portfolio consists of approximately 54 commercial properties located in Canada, the United States and Ireland. The REIT's Canada operations include Atlantic, Ontario and Western. The REIT is externally managed and operated by Slate Management ULC.


TSX:SOT.DB - Post by User

Post by Malpeque2on Oct 23, 2022 1:49pm
175 Views
Post# 35042091

Artis/Snakeyboy

Artis/SnakeyboySpecifically to Artis,   they took on a bunch of debt in the Cominar JV if you look at the books,  and have a high yield preferred,  AND roughly at the same time they went in and bought all that Dream Office paper.   

IF they had not done these two deals as the prices of their own shares has dropped,  then they would be sitting pretty to retire a wack of stock.    As it is the NCIB for 10% has been completed.  They are stalled in the buyback,   and time may still be their friend.     Cominar was a wack of number of smaller and diversified properties through out Quebec.   Maybe they can get sales here and there and pay down the debt to a reasonable level in the JV.   

Dream Office has to be a one way street at this point so Artis exits thru a Sale of the whole by Cooper,   or a sale of a large part of Dream Office portfolio to generate a SIB for Dream Office where Artis can exit.     We will see.
<< Previous
Bullboard Posts
Next >>