Post by
Northforce13 on Oct 31, 2024 5:24pm
Dispos, refi rates
* Sold properties 100% leased, likely means they were sold for an "ok" price as opposed to selling partially empty buildings which might be heavily discounted. If correct, this = GA's history of maximizing value.
* Allied properties refinanced several higher quality office buildings at sub 5% rate. It would seem probable that Slate can refinance properties that are doing reasonably well at reasonable rates. Perhaps 5.5 - 6.5 given lower quality. TNT did some refis at < 6%
* No news on Gateway sale
* Good news and refreshing that we are getting press releases
Very curious about Q3. It may be a "nothingburger" continuation of the current situation, or, hopefully, some enlightenment and clarity on the future
Comment by
Tree2tree on Oct 31, 2024 7:52pm
Re Q3 report: (a) It should indicate whether things got better or worse in Q3. (b) I expect that they will at least mention a few post-Q3 highlights/updates, whether in the report, in a news release, or in a call.