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

IFRS net asset value is $5.82

[spacegimp]

What are the chances of realizing such an amount ?

[Passerbuyer]

In this economy it would be reasonable to cut that in half to $2-3. Most recent sales were ~30% IFRS, probably of less sought after properties. REITS always overstate this number anyway. And this assuming SLAM doesn't take shareholders out to the cleaners, as we've seen time and time again. No one is interested in office/commercial real estate post-covid. I think a more reasonable

[rad10]

NAV is more to do with SLAM's management fees.  It has very little relationship to market reality.

[Northforce13]

"NAV is more to do with SLAM's management fees.  It has very little relationship to market reality." High possibility

[riverrrow]

Every REIT I've looked at trades well below its NAV or whatever.  There's more than one city that has an office vacancy rate over 20%.