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 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

Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026

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Comment by Roxy27on Mar 04, 2016 8:08pm

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Post# 24624855

RE:RE:BMO initiates coverage - $8 target - 25% return

SeekValue1, I think that's prob a good decision from a trading standpoint.
I sold half my holdings today as I loaded up under $7. Still have a core position for the 10% yield and will add if it trades towards $7 again.
Conference call was positive; occupancy should increase 200bps from current levels, $1psf lift on renewals and payout ratio anticipated to end 2016 in low 80's% range. It didn't sound like they expect any material (game changing) acquisitions in the near term, so the price could very well retrace some of its gains and if oil tanks again would likely sell off on low volume.
If analysts increase targets that could provide some add'l near term lift or at least support.

Good luck

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