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Slate Office REIT

Company price
None CAD 0.00(0%)
Last update at 2026-05-14T21:04:13.047589Z
Market Cap
75.92M

Momentum Score

…

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT's portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy.

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52 Week Price Range
0.68
Low
4.26
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
-
Dividend Yield
14.29%
Revenue TTM
197.47M
Revenue Per Share
2.47
Gross Profit TTM
91.16M
Debt / Equity
1.79
ROE
-22.24%
Net Debt
1133.35M
ROCE
5.10%
Diluted EPS TTM
-1.84

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax -165.45M -18.92M 56.03M 6.63M 65.06M
Net income -159.97M -18.10M 53.30M 6.72M 64.23M
Selling general administrative 13.36M 9.21M 7.24M 7.87M 7.20M
Gross profit 88.38M 91.75M 78.07M 85.94M 100.25M
Reconciled depreciation 0.97M 0.97M 1.02M 1.06M 1.00M
Ebit - 78.62M 69.61M 81.02M 92.63M
Ebitda - 79.59M 70.63M 82.08M 93.63M
Depreciation and amortization - 0.97M 1.02M 1.06M 1.00M
Operating income 74.05M 78.62M 69.61M 81.02M 92.63M
Other operating expenses - 114.95M 102.84M 106.57M 123.47M
Interest expense 56.10M 46.46M 40.14M 42.50M 45.40M
Tax provision -5.48M -0.82M 2.73M -0.10M 0.83M
Interest income 3.50M 3.54M 3.75M 4.01M 4.17M
Net interest income -57.53M -49.40M -40.34M -38.49M -44.82M
Income tax expense - -0.82M 2.73M -0.10M 0.83M
Total revenue 197.47M 196.51M 172.65M 183.59M 215.52M
Total operating expenses 123.41M 10.18M 8.27M 8.93M 8.20M
Cost of revenue 109.09M 104.77M 94.58M 97.65M 115.27M
Total other income expense net -181.97M -97.55M -13.58M -74.39M -27.57M
Net income from continuing ops -159.97M -18.10M 53.30M 6.72M 64.23M
Net income applicable to common shares - -16.62M 46.64M 13.65M 62.44M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1869.36M 1808.91M 1679.21M 1709.96M 1866.73M
Other current assets 5.67M 7.75M 5.92M 6.03M 4.83M
Total liab 1225.00M 1186.94M 1074.46M 1082.66M 1255.28M
Total stockholder equity 644.37M 621.97M 604.74M 627.30M 611.45M
Other current liab 5.70M 57.58M 1.68M 4.53M 7.79M
Common stock 578.38M 518.89M 520.51M 520.89M 533.27M
Capital stock 578.38M 518.89M 520.51M 520.89M 533.27M
Retained earnings 60.82M 109.05M 89.49M 102.93M 71.94M
Other liab 6.37M 9.92M 6.83M 4.69M 5.27M
Other assets 46.41M 51.16M 59.53M 63.84M 65.19M
Cash 19.91M 9.91M 8.52M 6.12M 7.19M
Total current liabilities 416.57M 256.47M 206.44M 221.22M 305.69M
Current deferred revenue 10.87M - - 5.23M 4.92M
Net debt 1133.35M 1035.63M 964.08M 995.83M 1168.63M
Short term debt 374.03M 162.21M 169.16M 183.33M 267.34M
Short long term debt 374.03M 162.21M 169.16M 183.33M 267.34M
Short long term debt total 1153.25M 1045.54M 972.60M 1001.95M 1175.83M
Other stockholder equity 5.17M -5.97M -5.26M 3.48M 6.24M
Property plant equipment 1754.34M 1591.96M 1593.94M 1622.09M 1780.41M
Total current assets 39.50M 165.78M 25.73M 23.20M 20.91M
Long term investments - - - 0.84M -
Net tangible assets 644.37M 621.97M 604.74M 627.30M 611.45M
Net receivables 13.92M 13.17M 11.29M 11.05M 8.89M
Long term debt 779.23M 883.33M 803.45M 818.62M 908.49M
Inventory - 134.96M - - -
Accounts payable 25.97M 36.68M 35.60M 28.13M 25.64M
Accumulated other comprehensive income 5.17M -5.97M -5.26M 3.48M 6.24M
Non currrent assets other 1829.87M 1643.12M 1653.48M 1686.77M 1845.06M
Non current assets total 1829.87M 1643.12M 1653.48M 1686.77M 1845.82M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments 27.75M -88.37M -134.27M -7.89M 116.57M
Change to liabilities - 0.00M 0.00M 0.00M 0.00M
Total cashflows from investing activities - -88.37M -134.27M -7.89M 116.57M
Net borrowings - 31.34M 77.22M 3.00M -121.80M
Total cash from financing activities -69.89M 49.75M 97.44M -35.98M -166.91M
Change to operating activities - 8.22M -1.61M 2.31M 9.91M
Net income -159.97M -16.62M 46.64M 13.65M 62.44M
Change in cash -17.56M 10.00M 1.39M 2.40M -1.07M
Begin period cash flow 37.10M 9.91M 8.52M 6.12M 7.19M
End period cash flow 31.72M 19.91M 9.91M 8.52M 6.12M
Total cash from operating activities 36.76M 49.56M 38.23M 46.45M 49.30M
Issuance of capital stock 0.00M 62.60M 0.00M - 0.00M
Depreciation 0.97M 0.97M 1.02M 1.06M 1.00M
Other cashflows from investing activities - 81.04M -134.96M 3.29M 3.29M
Dividends paid 22.66M 31.20M 27.08M 27.09M 32.91M
Sale purchase of stock - -0.71M 0.00M -0.36M -12.97M
Other cashflows from financing activities - 118.58M 163.25M 123.34M 134.88M
Change to netincome - 44.58M -5.71M 31.54M -25.34M
Capital expenditures 10.73M 22.92M 24.70M 22.99M 26.98M
Change in working capital 9.54M 8.22M -1.61M 2.31M 9.91M
Stock based compensation - - - -9.00M -75.03M
Other non cash items 55.03M 59.40M -10.55M 29.53M -24.89M
Free cash flow 26.02M 26.64M 13.53M 23.46M 22.32M

Peer Comparison*

Sector: Real Estate Industry: REIT - Office

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
AP-UN
Allied Properties Real Estate Investment Trust
0.48
12.94%
4.19 - 9.52 4.60 0.38 10.87 84.47
D-UN
Dream Office Real Estate Investment Trust
0.05
0.32%
15.75 - 13.39 2.20 0.28 8.65 -38.01
BTB-UN
BTB Real Estate Investment Trust
0.02
0.55%
3.65 7.33 7.28 2.11 0.55 7.77 13.96
TNT-UN
True North Commercial Real Estate Investment Trust
0.16
2.17%
7.53 - - 1.13 0.32 7.16 -39.32

Profile*

Slate Office REIT

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT's portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy.

121 King Street West, Toronto, ON, Canada, M5H 3T9

(416) 644-4264

Name Title Year Born
Mr. Steve Hodgson Chief Exec. Officer NA
Mr. Charles Edward Neville Peach Chief Financial Officer 1971
Mr. Ramsey Ali J.D. Gen. Counsel & Sec. NA
Ms. Lisa Rowe Managing Director NA
Mr. Darrell Shipp Director of Acquisitions NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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