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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): SLTTF | T.SOT.UN | T.SOT.DB.A | T.SOT.DB.B

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

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Post by PressReleaseon Nov 18, 2024 8:23am

New Press Release - Slate Office REIT Announces Changes to Board of Trustees

TORONTO, Nov. 18, 2024 /CNW/ - Slate Office REIT (TSX: SOT.UN) (the "REIT"), an owner and operator of commercial real estate, today announced the appointment of George Armoyan as Chair of the Board of Trustees (the "Board") as well as the addition of Shant Poladian to the Board. Sam Altman has...read article.

Comment by pennylane101on Nov 17, 2024 8:04pm

RE:RE:RE:They may want to slim down as much as possible

Hey Tree, I absolutely agree. Why then would bond holders and unit holders have to buy into it? Here is PennyD's statement: "Prior to the ...more

Discussion

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Comment by Tree2treeon Nov 17, 2024 7:43pm

RE:RE:They may want to slim down as much as possible

Not sure why anybody would 'take a hit', if the slimming down involves reducing assets and debts in roughly the same proportions. Yes it would reduce the overall size of the company, and ...more

Discussion

Comment by pennylane101on Nov 17, 2024 10:23am

RE:They may want to slim down as much as possible

Any slimming down would involve Armoyan and the Welch brothers taking a hit too.

Discussion

Post by pennydredfulon Nov 16, 2024 2:27pm

They may want to slim down as much as possible

Prior to the recap , so bond holders and unit holders buy in to it. the going forward ...more

146

Discussion

Comment by Northforce13on Nov 16, 2024 11:44am

RE:RE:RE:RE:For your interest

Net proceeds of 5 million (-costs) is not large, but the reduction of debt is. If such debt is of the 300 million at 9%, it is cash flow accretive due to the high rate. If SOT can pay ...more

110

Discussion

Comment by rad10on Nov 16, 2024 9:34am

RE:RE:RE:RE:For your interest

absolute garbage again from 2 short ones! " it still reduces the depth of the hole they have to climb out of through refinancing " Selling off the better performing, higher ...more

Discussion

Comment by Tree2treeon Nov 16, 2024 8:39am

RE:RE:RE:For your interest

There is a long list of factors, not only net proceeds and vacancy rate, that management would consider in deciding which properties to sell when. Including the future upside, if you are ...more

Discussion

Comment by rad10on Nov 16, 2024 6:10am

RE:For your interest

Problem is this may have been one of their better performing properties. https://renx.ca/smart-investment-acquires-woodbine-corporate-centre 63k square feet listed as available out of 360k ...more

Discussion

Comment by Northforce13on Nov 15, 2024 11:52pm

RE:RE:For your interest

"Slate Office REIT owned a 75 per cent share of Woodbine Corporate Centre and received $39 million for the property, according to information released with its Q3 financial results on Nov. 7. A ...more

Discussion

Comment by TVRon Nov 15, 2024 10:20pm

RE:For your interest

Hard to tell from the numbers reported on the Woodbine Corporate Centre sale but it appears that SOT.UN may have received no net proceeds from this sale. The mortgage on the property was ...more

104

Discussion

Post by incomedreamer11on Nov 15, 2024 3:40pm

For your interest

Smart Investment Ltd. has acquired the Woodbine Corporate Centre in Markham, Ont. from Slate Office REIT and an unnamed minority partner for $52 million. The 359,563-square ...more

194

Discussion

Comment by rad10on Nov 14, 2024 10:24pm

RE:RE:RE:RE:In the IVQ re-org

It's a legit red flag. TSX listing on a US based company. Remember Nobilis health? Darling of several BNN talking heads.....

Discussion

Comment by pennylane101on Nov 14, 2024 8:04pm

RE:RE:RE:In the IVQ re-org

From your posts on the IVQ board, it sounds like you are a debenture holder. You can't possibly be happy with the deal? The preferred shareholders will own the company. The company ...more

Discussion

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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): SLTTF | T.SOT.UN | T.SOT.DB.A | T.SOT.DB.B

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Bullboard (TSX:SOT.DB)