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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 | 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... see more

TSX:SOT.DB - Post Discussion

Post by MARKOPOLIS on Nov 11, 2023 6:12pm

CIBC WROTE THIS ABOUT HOT.UN BUT

It can easily apply to this SOT reit 

the REIT has decided to suspend the distribution for the second time since the onset of COVID, citing higher operating expenses, a decline in occupancy (which we expected), and elevated inflation and interest rates as factors increasing the risk of business and consumer demand. While the immediate steps taken to de-lever and bolster the balance sheet may appear to be steps in the right direction, the solutions will likely result in a long and arduous path before we see the REIT in a position to comfortably re-institute its distribution
Comment by pennydredful on Nov 13, 2023 3:15pm
One   would be  much  better off  owning  Hot,un  than  Sot.un    which  is an owner  and operate  of hotels   in   the  USA   .   At least  their hotels have some liquidity   and   they  are  making  a prudent  move   by  ...more  
Comment by MARKOPOLIS on Nov 13, 2023 6:32pm
Prudent for investirs or themselves ?
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