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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 > WOW GLOBE MAIL SAYS SOT OVERVALUED
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Comment by Tree2treeon Aug 19, 2024 10:30am
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Post# 36185822

RE:RE:WOW GLOBE MAIL SAYS SOT OVERVALUED

RE:RE:WOW GLOBE MAIL SAYS SOT OVERVALUED Correction please, the Globe does not say SOT is worth .15.  The Globe has merely tabulated the analyst forecasts that it has robotic access to.  Probably some of the analysts who have embarrassed themselves for the last few years are trying to save face by aiming a little under the current share price.  In any case, the difference between .33 and .15 estimates for the common shares is almost immaterial, as the question is whether any equity will survive for the common shareholders.
  
I did a quick search of the Globe, and I see SOT is also mentioned in an article by the Contra Guys on possibly buying opportunities in beaten-down office REIT's.  However I don't have access - anybody care to share a quote?
 
As others have pointed out, the debenture holders just need a final net value of around zero for the company in order to do well.  The common shares are much more of a lottery ticket.

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