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

Undervalued

[BlueGuitar1]

This thing about people not going back to the office is over done.  People will go back to the office and this stock is trading about 39% under Nav.  The payout ratio is something like 72%, so it is safe.   Buy when others are fearful.  What's to fear?  That no one will go back to the office.  Nah.

[Ladislav3]

I've been buying since the drop from $8. While I would agree it is currently undervalued I do not expect any increases short term. The gap can be mostly explained by external management that is not aligned with shareholders.  Management continues to sell valuable, rent-earning properties with the stated goal of purchasing new underperforming assets (that it intends to rent-up and re-sell