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

Net Asset Value

[hawk35]

I'm not sure where National Bank and Royal Bank got their NAV numbers.

NAV calculation is very simple.  Here it is:

Total Assets - Total Liabilities divided by Shares Outstanding.

Based on the Q2 balance sheet:

1,989219,000 - 1,275,423,000 = 713,796,000 divided by 80,174,000 = $8.90.

NAV is not a good indicator of value.  The reason is that all properties on the balance sheet are valued at what they originally paid for them minus depreciation.  NAV does not reflect what the properties are worth today.  If you factored in what the properties are worth today  the NAV value would be higher.  How much higher depends on how long ago the properties were purchased.

[CanSiamCyp]

Hi Hawk! I note that TD moved their target price for SOT.un downwards to $4.75 per unit (and National Bank moved their TP down to $4.40). Any idea why they would be revising downwards??? Cheers!

[pennydredful]

WRONG  .   Properties   are   valued   each  year   by   management  as   to   what    they   are  worth . They   can  be  written  up   or down  from  historical  cost. LIkely  Brokerages   assume  the self

[canadian]

Every one knows you are a short seller. Did you cover your short?

[CanSiamCyp]

I have never shorted any stock in my life! What are you smoking? LOL!

[canadian]

I am talking about penny.

[pennydredful]

I   am   long   not   short .

[CanSiamCyp]

Oh .... okay .... I hv Penny on Ignore .... so did not see her comment. So there can be a downside to using the Ignore option. Lol!

[pennydredful]

Not   aware   that   any  HER   made  a comment  ;  as   far  as   that  goes  SH   seems pretty gender neutral  ?    I   only  noticed   recently  that  one can  restore  someone  who  you have  had on  ignore

[hawk35]

Hi CanSiamCyp,  I also added Penny to my ignore list.  Obiviously Penny has an agenda and the nonsense posts are a silly attempt to sway others.  Good bye Penny.

[hawk35]

Sorry Penny but you are wrong.  The balance sheet reflects original cost.  The reason is simple:  1. Increasing the value of an asset to a higher value triggers capital gains which is taxable.  No complany will do this since it reduces cash flow.   2. Revenue Canada recognizes capital gains when a property is sold.  When an asset is sold, that  is the only

[pennydredful]

I  just   read  the annual  report and  it says   the carrying   value   is determined  by management .  As   there   is    no sale   CRA   are  not   involved.  In   the case   of   a sale  the  carrying  value

[hawk35]

Nope.

[pennydredful]

Since   this  ignorant  poster  who   is  too  lazy   to  read  the annual   report   and  verify   that  properties  are carried  at    values   determined   by  SLAM    rather    than  book  value   and