TSE:SOT.UN

0.71
0.00 (0.00%) 1d
0

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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts' reviews for Slate Office REIT are overwhelmingly negative, citing disappointment in its performance across Canada, the US, and Ireland. The company's growth has been too reliant on leverage, leading to financial instability and resulting in two distribution cuts. Additionally, its cashflows are under pressure due to its small size and high debt profile. Overall, experts advise avoiding investment in this stock due to its concerning financial position and poor performance.

Consensus
Negative
Valuation
Overvalued
Similar
ABC Corp, ACB.TO
DON'T BUY

Disappointing. In Canada, US, and Ireland. Grew with too much leverage and got caught offside. Cut distribution twice. Cashflows under pressure. Small size, high debt profile. Avoid.

REAL ESTATE
DON'T BUY
He's bearish on office REITs, given work-from-home. SOT operates in secondary markets, which can be a good business, but is capital intensive. SOT is doing a fine job, but offices face double-digit vacancies. Money needs to be spend on improving spaces, less to shareholders.
REAL ESTATE
BUY ON WEAKNESS

Unsure on future of office space demand. Management team of company well respected. Does not own stock in company. Well regarded within industry.

REAL ESTATE
DON'T BUY
He is not bull on the office space. They have been growing in sub-markets he is not keen on. 37% is in Atlantic Canada and he is not keen on their holdings.
REAL ESTATE
DON'T BUY
Very competent managers, but he doesn't like this REIT because they are externally managed--hit with external management fees. They manage public and private fees; he prefers internally managed REITs.
REAL ESTATE
DON'T BUY

A small Canadian office focused REIT in North America managed by the Slate Group. They announced a big distribution cut to re-invest the money into the portfolio. He thinks this is a chronic issue in the space and thinks they did the right thing. From here the downside is relatively protected. The discount to NAV can close in the next two years, but he is not sure what the catalyst would be. He would stay on the sidelines.

REAL ESTATE
SELL
Cut distribution. High leverage, over 50%, which is too high for a REIT. Prefers to play the urban market and class A, not class B. Fundamentals are not what she's interested in. Leverage needs to come down significantly. Concern is how do they grow?
REAL ESTATE
COMMENT
The dividend is safe. He is cautious as to what expect from share price appreciation. They are interest sensitive. So good news baked in with language around interest rates. He thinks there is an increasing probability that interest rates may be cut. This is more of a yield play.
REAL ESTATE
BUY ON WEAKNESS
SOT is down because it cut its dividend to re-balance the company and had bought property in Chicago. This has been a pick of his. It's down 30% so it's now an entry point.
REAL ESTATE
COMMENT
It has struggled with some vacancies in Toronto. Honestly, he doesn't know much about this REIT. He prefers SRT.UN-T which focuses on grocers in mid-market US towns and they have reduced their leverage. He likes SRT's American operations and its defensiveness. The only negative is an external managed contract that seems to be going on forever.
REAL ESTATE
COMMENT

Problem is that whenever it gets to $8, like clockwork, they do an equity financing, and the stock gets whacked. Good managers, who own a lot of stock. Long-term, bulking up on acquisitions makes sense. Not a bad stock, but frustrating. Yield above 9%.

REAL ESTATE
BUY

He likes it. Sees strong growth and a positive outlook. He wants a REIT to generate cash flow, and this one is paying nearly 10%--that he feels is sustainable. Has an $8.50 target.

REAL ESTATE
COMMENT

He used to own this, got tired of them constantly raising money whenever the stock price went up. The balance sheet is healthy, the payout ratio is good, and the dividend is very generous (8.3%). He thinks several investors got sick of it recently, and that’s why the price has dropped.

REAL ESTATE
COMMENT

As a group, REITs trade a lot like the bond market. The selloff in the Canadian bond market in the last 6 weeks, puts pressure on utilities, REITs and consumer staples. In general, he is Short the REIT sector. This has a 9.4% dividend yield while the peer group is less than 5%.

REAL ESTATE
COMMENT

A suburban office REIT with properties in the Maritimes as well as some in the GTA, but always in the suburban setting. Good management. He is not a big fan of suburban office. The dividend of 7%+ is safe.

REAL ESTATE
Showing 1 to 15 of 32 entries

Slate Office REIT(SOT.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Slate Office REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Slate Office REIT(SOT.UN-T) Frequently Asked Questions

What is Slate Office REIT stock symbol?

Slate Office REIT is a Canadian stock, trading under the symbol SOT.UN-T on the Toronto Stock Exchange (SOT.UN-CT). It is usually referred to as TSX:SOT.UN or SOT.UN-T

Is Slate Office REIT a buy or a sell?

In the last year, 1 stock analyst published opinions about SOT.UN-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Slate Office REIT.

Is Slate Office REIT a good investment or a top pick?

Slate Office REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Slate Office REIT.

Why is Slate Office REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Slate Office REIT worth watching?

1 stock analyst on Stockchase covered Slate Office REIT In the last year. It is a trending stock that is worth watching.

What is Slate Office REIT stock price?

On 2024-03-27, Slate Office REIT (SOT.UN-T) stock closed at a price of $0.71.