TSX:SOT.DB - Post by User
Post by
Malpeque2on Nov 02, 2022 2:06pm
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Post# 35067204
Well.........Front and Center on the Report is This......
Well.........Front and Center on the Report is This......Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and welllocated real estate assets in North America and Europe. A majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to lear
Looking at this Statement above, and the Company performance on the Toronto Office Buildings just sold I would say their credibility is in Question.
I see no improvment in lease occupancy from time of Acquisition for these buildings till now. And, If you look at the Financials for the Disposition we gave up deductions to working capital and cash, and the disposition Fees to SLAM, I see no "gain" left as they reported. Looks like a loss if anything!!