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

RE:RE:Occupancy rates and main tenants

[LuckyInvestor]

Roxy27 wrote:
Occupancy is provided every quarter and the company has been very transparent on their forward rollover and leasing.

Good luck

Where do you see the Occupancy for each quarter and their forward rollover/leasing information?  I was reading the transcript.  It seems all those institutional investors all have these more detailed occupancy information but I can't find it on their website or anywhere.  

I like their concept of investing in value-oriented "non-trophy" office market to capitalize on potential growth but the thing with value investing is that you have to make sure they REALLY are gems.  So far their occupancy rate at 89% is still less than their peers and only 43% of their revenue is generated by investment grade tenants.  That means more than 50% of their tenants are just below investment grade and they can go at any time.  And we are in an economic slowdown and will be for the next maybe 4-5 years, exactly is the term of majority of their leases.  During those lease times, what if those below-investment grade tenants which is 57% of their tenants decide to break the lease because of the slow economy and they can't sub-let the empty properties?  Do they have any contigency measures in place to deal with those potential situation?

I might be asking those questions because I am inexperienced with the commercial rental business but as an investor this is what I would've asked during the conference call.

Anybody who's more experienced or more knowledgeable about this, feel free to jump in.

Thanks