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%
- Grade: C
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 4/10
- Dividend Income Fit: 9/10
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
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
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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.