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.

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Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > A Good Move IMO

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Comment by Malpeque2on Oct 18, 2022 4:48pm

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Post# 35032386

RE:RE:RE:RE:A Good Move IMO

In the word of Canadian underperforming REIT's this one "takes the cake". Highest divie yield. Lowest Price to Book, which is supposed to be some reasonable approximation of NAV under IFRS. Highest debt/equity, lowest price to FFO. Highest Debt/EBITDA or Debt/FFO.

The $20M used to acquire some A rated property in a C city could have been used to reduce debt and BuyBack shares and tell the stocckholders your "goal" as managment is to reduce the market "discount" to NAV, if necessary sell or liquidate the company in order to do so.

Instead you have a BOD cynchophants that hand the managment fees to the Welch Brothers and allow this Nonsense to continue year aftter year. You got to vote these people it. It's an insult to ALL shareholder that a 10% shareholder who controls the BOD thru their proxies is allowed to rape the fees out of this underperforming asset.

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