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

Interesting

[pennydredful]

How   all  brokers   have   NAV   about    5.00   while    SLAM   purport it   to  be   about   9.00  . Is there any  culpability   there  should  the brokers  prove  to be  right ?

[Malpeque2]

Penny.     Why are you so sceptical?    Read the Quarterly and annual reports.     This current Q they describe the methodology for determining the NAV.       It so happens that for about $1B of the properties they say they have obtained a 3rd party appraisal for these assets in the past 9 months.   I think it said 19 properties

[pennydredful]

You  didn,t  address  the   issue   why the brokers   have  the NAV   about  5.00  .  Keep  in  mind  if  a  property   value   goes   down    equity   in  that property   goes   down  much  faster  when

[MARKOPOLIS]

GA said he has been watching this for years...the ireland acquisition gave him opportunity to obtain large amount shares without going into public market. then he added slowly someone brought this to his attention i wonder who? maybe NAV is lower by brokers as rapidly rising rates and SWAP hedges fall off poses a tough situation for SLAM. Some years back SLAM hedged with SWAPS for currency and

[MARKOPOLIS]

Let's say armoyan is successful and takes over reit, later ncibers how NAV is determined with some BS mark to model metric. If there is no justification slam could be held liable as they charge the fund a fee with a higher NAV  that's why they keep selling highly occupied propertie....just my opinion  if you take balances sheet take all buildings assets plus cash on hand