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

Q4 results

[HermannHaller]

You can always tell a poor result when the press release is all about acquisions and other activity during the year, and doesn't even tell you the FFO for the quarter. And the shareholder letter, discloses they bought a measely 150k shares buy under a 6 million share NCIB.

Armoyan needs to clean house. He should cut the payout to zero, start paying down debt, and begin to rebuild credibility here.

[2young2invest]

Yep, better cut management fees and throw these useless trsutees out, then we might save the divs. They can't buy back shares, there is no money. Debt is up 10%, payout is up 10%, occupancy is down. We should vote useless trustees out!

[pennydredful]

Armoyan ain't  running it  SLAM  is  so  what  he can do may be limited..

[SNAKEYBOY]

Armoyan didn't buy 100 million to be on the board....he wants to make a quick 20 million profits and do this to another REIT/company.   I fully expect sweeping changes, if not, he was better of getting a vote and cleaning house

[pjn0987654321]

Armoyan said in his "clean the slate" presentation before he took it down that the REIT is overpaying the distribution by "many multiples".  He said they were counting things towards the FFO and the AFFO that they shouldn't.  I would not be surprised to see a "strategic" distribution cut to put the money towards fixing up the REIT for sale, which could

[SNAKEYBOY]

The dividend really is ok from a payout ratio perspective...though cause they have huge debt and recession/higher rates it could be prudent to cut it and use free cashflow to address debt or NCIB