Slate Office REIT is a pure-play office REIT. It is an open-ended real estate investment trust. Its asset portfolio consists of high quality downtown and suburban office properties with a diversified footprint, comprising of 39 properties (36 office properties and 3 non-office properties) spanning 7.5 million square feet.

Rather than focusing on larger cities, Slate Office focuses on downtown and suburban areas of Canada and the U.S. Unlike its peers, Slate Office’s focus on office properties also acts as a key differentiator. Occupancy and rents in these markets tend to be less volatile.

All these factors have resulted in a lower cost of acquisition and a stable income stream. The REIT sports an annual yield of 6.75% and a current AFFO payout ratio of 60.4%. Slate Office REIT has a potential acquisition pipeline in excess of $1 billion. Slate Office’s strategy is to own an institutional-quality portfolio of assets in major office markets at discounted valuations.

Slate Office REIT Stock Details

  • Ticker: TSE:SOT.UN
  • Sector: Real Estate
  • Industry: REIT - Diversified
  • Market Cap: 0.07B
  • Market Cap Group: Micro Cap
  • P/E: 0.00
  • Dividend Yield: 14.12%

SOT.UN Industry Competitors

The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.

Ticker Ticker Company Market Cap P/E Yield Aristocrat Graph SectorID IndustryID
HR.UN TSE:HR.UN H&R REIT 2.36 0.00 6.67 NO 1 10 120
CRR.UN TSE:CRR.UN Crombie REIT 1.40 874.42 6.80 NO 1 10 120
AX.UN TSE:AX.UN Artis REIT 0.68 0.00 9.54 NO 1 10 120
APR.UN TSE:APR.UN Automotive Properties REIT 0.41 6.49 7.74 NO 1 10 120
MRT.UN TSE:MRT.UN Morguard REIT 0.34 0.00 4.56 NO 1 10 120
PRV.UN TSE:PRV.UN PROREIT 0.28 9.02 9.47 NO 1 10 120
BTB.UN TSE:BTB.UN BTB REIT 0.25 6.78 10.45 NO 1 10 120
FCD.UN TSE:FCD.UN Firm Capital Property Trust 0.18 10.51 10.50 NO 1 10 120
TNT.UN TSE:TNT.UN True North Commercial REIT 0.12 0.00 0.00 NO 1 10 120
MPCT.UN TSE:MPCT.UN Dream Impact Trust REIT 0.10 0.00 11.32 NO 1 10 120
SOT.UN TSE:SOT.UN Slate Office REIT 0.07 0.00 14.12 NO 1 10 120
MR.UN TSE:MR.UN Melcor REIT 0.05 8.12 12.34 NO 1 10 120

Top Picks by Bay Street Experts

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Slate Office REIT - FAQ

What is the stock ticker for Slate Office REIT?

The stock ticker for Slate Office REIT is TSE:SOT.UN.

Is Slate Office REIT a good stock to buy?

You need to consider your investment strategy and how TSE:SOT.UN can fit in your portfolio.

The current dividend income score of 9/10 and dividend growth score of 4/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.

Is Slate Office REIT a Buy, Sell or Hold?

The Dividend Snapshot Opportunity Score of 45 out of 100.

The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.

A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.

How can I buy stocks for Slate Office REIT?

You can easily buy the SOT.UN stock with an online trading platform.

Just make sure the stock fits your risk profile and investment goals.

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