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Bullboard - Stock Discussion Forum 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

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... see more

TSX:SOT.DB - Post Discussion

Post by SNAKEYBOY on Apr 20, 2023 12:57pm

.08 AFFO

Assuming they have it around here for the forseeable future it means they could pay a 16% dividend with 100% payout ratio.   Thats an insane cap  rate.

The question is really did they cut it so steep because they expect AFFO to go down to  .05, or is the  excess funds  just going to really chip away at the bad debt.
Comment by MARKOPOLIS on Apr 20, 2023 2:17pm
Snake your missing the most important part  the equity belong to the debt holders 
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