TSX:SOT.DB - Post by User
Post by
Northforce13on Oct 31, 2024 5:24pm
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Post# 36291412
Dispos, refi rates
Dispos, refi rates* Sold properties 100% leased, likely means they were sold for an "ok" price as opposed to selling partially empty buildings which might be heavily discounted. If correct, this = GA's history of maximizing value.
* Allied properties refinanced several higher quality office buildings at sub 5% rate. It would seem probable that Slate can refinance properties that are doing reasonably well at reasonable rates. Perhaps 5.5 - 6.5 given lower quality. TNT did some refis at < 6%
* No news on Gateway sale
* Good news and refreshing that we are getting press releases
Very curious about Q3. It may be a "nothingburger" continuation of the current situation, or, hopefully, some enlightenment and clarity on the future