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

Alternate Symbol(s):  T.SOT.DB.A | SLTTF | T.SOT.DB.B | T.SOT.UN

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

Comment by HRc60to65on Oct 05, 2024 12:36pm
20 Views
Post# 36254559

RE:RE:RE:Held for sale

RE:RE:RE:Held for saleAll asstes for sale are valued at 124.26$ per sqft

It is less tha 1/3 of new building cost.  New building cost will be close to 400$ per sqft.

SOT assets for sale are valued at 218.11$ per sqft.

SLAM put for sale SOT asstes at price well below market value, it can be a big mistake.

SLAM can be in conflict of interest, if SLAM is keeping management of the assets sold.

If it is the case SOT unit holders may sued SLAM for wrong doing to recover loss on assets sold.

It is a very good reason to not complete the 25% SOT gla sale for 212M$ in negotiation with SLAM.  That valuation put all SOT asstes to 886M$ well below the assets value of 1 1557M$.

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