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Bullboard - Stock Discussion Forum Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

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

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... see more

Bullboard (TSX:SOT.DB)

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Comment by Tree2treeon Oct 05, 2024 3:39pm

RE:RE:RE:RE:RE:RE:Held for sale

HR, the fact that proposed sales have not gone through suggests that somebody (probably GA) has been pushing back against desperation sales.  We are still alive, so the potential sale prices and ...more  
Comment by Tree2treeon Oct 05, 2024 3:29pm

RE:RE:RE:RE:RE:A New Day?

Penny you are right that there is still a lot of uncertainty as to how things will unfold.  But I feel that the change in management will result in breaking the logjam sooner than we previously ...more  
Comment by HRc60to65on Oct 05, 2024 1:00pm

RE:RE:RE:RE:RE:Held for sale

The Irland assets were bought 254.8M$ for 962 000 sqft or 265$ per sqft. Using that 265$ per sqft isvaluating SOT assets at 1 890M$ That is proofing the selling price of SOT assets at 124$ per sqft ...more  
Comment by HRc60to65on Oct 05, 2024 12:42pm

RE:RE:RE:RE:Held for sale

THe SOT assets was valued and put for sale at distress price and BK price. It is not in the best interest of the units holders and debentures holders. Who had fixed the selling price ? Some board ...more  
Comment by HRc60to65on Oct 05, 2024 12:36pm

RE:RE:RE:Held for sale

All asstes for sale are valued at 124.26$ per sqft It is less tha 1/3 of new building cost.  New building cost will be close to 400$ per sqft. SOT assets for sale are valued at 218.11$ per sqft ...more  
Comment by pennylane101on Oct 05, 2024 10:16am

RE:+

North,  I truly admire your cool, level headed reasoning given all the uncertainly surrounding the company at this point in time.  I hope it works out for all of us!  Best!
Comment by pennylane101on Oct 05, 2024 10:13am

RE:RE:RE:RE:A New Day?

Hey Tree, I absolutely agree, there is much value in Slate way above the debt levels.  I wouldn't have got into this stock if I didn't believe it. Maybe its just me, but the news of the ...more  
Comment by HRc60to65on Oct 05, 2024 9:16am

RE:RE:Held for sale

the 91M$ of unit holders equity is not thrue. In fact it is SOT Trust 35% share of all assets.  That 91M$ (35%) of the assets sold or to be sold is debentures holders assets and units holders ...more  
Comment by HRc60to65on Oct 05, 2024 9:03am

RE:Held for sale

Including the past sales from december 2023 and the sales to come (2 165 000 GLA sqft sold)     - 261M$ will be refunded to lenders     - 91M$ (35%) of the 261M$ is unit holders ...more  
Post by HRc60to65on Oct 05, 2024 8:43am

Held for sale

On December 31, 2023    the GLA were 7 525 170 sqft On June 30, 2024             the GLA were 7 138 053 sqft On December 31, 2024  the GLA will be 5 ...more  
Post by Northforce13on Oct 04, 2024 5:52pm

+

PIcked up more 0.75-0.77 Current SP balanced Situation = greater certainty of positive outcome.  SP remains undervalued until form of outcome is known.  Expect this to be very soon. I ...more  
Comment by Tree2treeon Oct 04, 2024 11:43am

RE:RE:RE:A New Day?

Penny, the simple answer is that every case is different.  I haven't looked at what assets Royal Host had, and all related factors.  I have looked in detail at SOT and I think there is ...more  
Post by toddkazon Oct 04, 2024 11:17am

Heavy volume

Someone is buying up shares. Volume is already 200k with an average volume of 83k
Comment by toddkazon Oct 04, 2024 11:16am

RE:RE:RE:RE:RE:A New Day?

Slate BV is around 4 dollars. Royal Host BV was 50 cents so thats a 200% premium.
Comment by HRc60to65on Oct 04, 2024 11:13am

RE:RE:RE:RE:RE:RE:A New Day?

HST HST (Common Stock) 17.805
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