article of Slate Office Slate Office REIT reported a $182-million net loss in Q3 of 2024, mainly due to a $174-million fair value loss on its assets which was recorded in the quarter.
The trust has divested about $103 million in properties so far in 2024, but that has not helped its debt situation. The trust’s loan-to-value ratio ballooned 15 per cent during the past 12 months, to 83.2 per cent from 67.8 per cent at the end of Q3 2023.
Its portfolio and assets were valued at $1.376 billion at the end of the most recent quarter, down from $1.749 billion at the end of Q3 2023, due to value declines and asset sales.
https://renx.ca/armoyan-becomes-chair-of-slate-office-reit-board