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

Real Estate REIT - Diversified

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 > Reading the tea leaves...

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Comment by TVRon Dec 10, 2024 10:59pm

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Post# 36355903

RE:RE:RE:RE:Reading the tea leaves...

The suiggestion that Artis REIT could combine with SOT.UN is the type of deal that could save SOT.UN. However, I doubt Artis would look at this. First, they are already busy with their substantial investments in Dream Office REIT and Cominar. The combined debt would be close to 60% of assets and seems improbable that Artis would go there given they have been working hard to delever themselves. That debt level would not solve the covenant issues that SOT.UN has and would likely put Artis offside with its lenders.

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