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Slate Office REIT (SOT-UN.TO)
Key financial summary
Financials in CAD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | CAD m | 210 | 216 | 184 | 173 | 197 | 198 | 199 |
| Operating profit | CAD m | -69 | 53 | |||||
| Net profit | CAD m | 70 | 64 | 7 | 53 | -18 | -113 | -408 |
| EPS reported | CAD | -1.41 | -4.78 | |||||
| Operating cashflow per share | CAD | 0.50 | 0.50 | |||||
| Capex per share | CAD | 0.12 | 0.12 | |||||
| FCF per share | CAD | 0.38 | 0.38 | |||||
| Free cash flow | CAD m | 30 | 28 | |||||
| Net debt | CAD m | 972 | 1,059 | |||||
| Book value equity | CAD m | 515 | 168 | |||||
| Book value per share | CAD | 6.44 | 1.95 | |||||
| Number of shares | m | 80.03 | 86.01 | |||||
| DPS (TTM paid) | CAD | 0.17 | 0.00 |
Financial summary
Financials in CAD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | - | - | |||||
| P/B LTM | x | 0.13 | 0.27 | |||||
| P/S LTM | x | 0.33 | 0.22 | |||||
| P/FCF LTM | x | 2.15 | 1.58 | |||||
| EV/EBITDA LTM | x | -15.00 | -9.55 | |||||
| EV/Sales LTM | x | 5.25 | 5.55 | |||||
| Earnings Yield LTM | % | -174.51% | -271.83% | |||||
| FCF Yield | % | 46.50% | 63.41% | |||||
| Quality | ||||||||
| ROE | % | -21.95% | -19.51% | |||||
| ROIC | % | -4.58% | -4.58% | |||||
| Operating margin | % | -34.97% | -34.97% | |||||
| Gross margin | % | 44.35% | 44.35% | |||||
| FCF/Sales | % | 15.25% | 15.25% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | - | - | |||||
| Sales Growth YoY | % | +0.56% | +0.66% | |||||
| Net Income Growth YoY | % | - | - | |||||
| FCF Growth | % | +13.16% | +8.55% | |||||
| Operating Profit Growth | % | - | -27.56% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 25.09% | 0.00% | |||||
| Dividend Growth | % | -57.48% | - | |||||
| Payout Ratio | % | -14.38% | -0.39% | |||||
| FCF/Debt | x | 0.03 | 0.03 | |||||
| Net Debt/EBITDA | x | -14.06 | -14.06 | |||||
| EBIT/Net interest | x | -1.16 | -1.16 | |||||
| Net debt/market cap | % | 1499.1% | 2377.4% | |||||
| Net debt/Equity | x | 1.89 | 6.32 | |||||
| Gross debt/equity | x | 1.91 | 6.38 | |||||
Company overview
Slate Office REIT actively manages and possesses a collection of office properties throughout North America. Its holdings consist of 35 strategically positioned and favorably located office buildings, primarily situated in Canada's prominent urban hubs, with two additional properties located in downtown Chicago, Illinois. A significant portion, specifically 60%, of the REIT's tenant base comprises government entities or organizations with strong credit ratings. The trust strategically acquires high-quality properties at prices below their replacement value, subsequently enhancing shareholder value through a proactive approach to property management, focused on boosting rental income, prolonging lease durations, and improving occupancy rates.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Slate Office REIT (SOT-UN.TO)
Slate Office REIT actively manages and possesses a collection of office properties throughout North America. Its holdings consist of 35 strategically positioned and favorably located office buildings, primarily situated in Canada's prominent urban hubs, with two additional properties located in downtown Chicago, Illinois. A significant portion, specifically 60%, of the REIT's tenant base comprises government entities or organizations with strong credit ratings. The trust strategically acquires high-quality properties at prices below their replacement value, subsequently enhancing shareholder value through a proactive approach to property management, focused on boosting rental income, prolonging lease durations, and improving occupancy rates.
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