1. Canada Stocks

  2. •

    Real Estate

  3. •

    REIT - Office
Slate Office REIT

Slate Office REIT

SOT-UN.TO
Slate Office REITCA flagToronto Stock Exchange
0.52
CAD
-0.02
- -
44.55MMarket Cap
Slate Office REIT
SOT-UN.TO
(Toronto Stock Exchange)

Recent

price

0.52

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
- -
3.17
2.35
3.85
3.56
2.94
3.14
3.14
2.71
2.55
2.49
2.47
2.48
Revenue per Share
- -
1.58
0.2
1.25
1.31
1.06
1.04
0.94
0.1
0.79
-0.23
-1.63
-5.16
Basic EPS, GAAP
- -
0.9
-9.56
-13.19
-1.12
-1.17
-5.55
0.72
0.69
0.56
0.63
0.5
0.47
Free Cash Flow per Basic Share
- -
0.52
0.57
0.75
0.71
0.73
0.73
0.48
0.4
0.4
0.4
0.2
0.02
Dividend per Share
- -
11.05
9.94
11.1
10.07
9.35
9.06
9.1
9
9.27
8.11
6.4
1.97
Book Value per Share
- -
11.05
9.94
11.1
10.07
9.35
9.15
9.15
8.92
9.18
8.17
6.44
2.09
Tangible Book Value per Share
- -
9
14
23
34
52
67
69
68
68
79
80
80
Basic Weighted Avg Shares
- -
28
33
88
122
152
210
216
184
173
197
198
199
Sales/Revenue/Turnover
- -
53.14
46.48
44.37
41.96
41.97
45.58
42.68
42.16
40.43
41.51
37.37
38.8
Operating Margin (%)
- -
- -
- -
- -
1
1
1
1
1
1
1
1
1
Depreciation Expense
- -
14
3
28
45
55
70
64
7
53
-18
-131
-414
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
1.28
- -
4.87
- -
- -
- -
Effective Tax Rate (%)
- -
49.92
8.41
32.48
36.73
36.11
33.17
29.8
3.66
30.87
-9.21
-66.17
-208.18
Profit Margin (%)
-8
-15
-25
-7
-155
-196
-285
-198
-181
-91
-377
-252
-872
Working Capital
97
126
252
491
463
613
908
819
803
883
779
647
212
LT Debt
64
99
140
252
346
485
611
627
605
622
644
515
168
Total Equity
- -
7.32
4.66
6.65
6.04
5.72
- -
5.32
- -
4.09
- -
- -
- -
Return on Invested Capital (%)
- -
9.79
2.86
7.32
7.39
7.1
- -
6.61
- -
5.62
- -
- -
- -
Return on Capital (%)
- -
17.44
2.32
14.5
15.01
13.23
12.78
10.45
1.09
8.61
-2.86
-22.71
-114
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
676
536
857
LT Borrowings
482
326
212
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
80
80
80
Market Capitalization
60
17
37

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
375
412
115
Cash, Cash Equivalents & STI
12
11
10
Accounts Receivable, Net
2
5
4
Inventories
- -
- -
- -
Total Current Liabilities
730
877
987
Payables & Accruals
42
50
51
ST Debt
676
536
857
Deferred Revenue
7
6
5

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.02%
-2.92%
-20.02%
Free Cash Flow
-128.21%
-25.23%
-19.05%
Net Income, GAAP
203.31%
216.82%
622.44%
Sales/Revenue/Turnover
27.91%
-0.74%
0.56%
Total Cash Common Dividend
22.89%
-16.5%
-47.89%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
48
49
51
49
197
2023
49
49
51
49
198
2024
50
50
50
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.4
0.26
0.22
- -
-0.23
2023
-0.1
-0.35
-0.48
- -
-1.63
2024
-0.29
-1.91
-2.25
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.1
0.1
0.1
- -
0.4
2023
0.1
0.05
0.03
- -
0.2
2024
- -
- -
- -
- -
- -
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Business
Slate Office REIT (TSX: SOT.UN) owns and operates a portfolio of high-quality office properties primarily in major urban markets across Canada. The company focuses on strategic acquisitions, developments, and intensive asset management to deliver stable cash flows and long-term value to unitholders through rental income from office tenants. Its property portfolio includes modern office buildings with amenities such as flexible leasing spaces, sustainable features, and prime locations in downtown cores; the company offers property management services, leasing brokerage, and development consulting to optimize occupancy and rental rates. Headquartered in Toronto, Ontario, Slate Office REIT was established in 2012 and operates predominantly in Canada, with key assets in cities like Toronto, Calgary, Vancouver, and Ottawa targeting institutional investors and corporate tenants seeking Class A office space. In recent developments, the REIT announced a strategic merger with Slate Grocery REIT in late 2024, expanding its portfolio diversification into grocery-anchored retail properties while maintaining its core office focus; it also completed several property dispositions and refinancings in 2025 to strengthen its balance sheet amid market shifts toward hybrid work models.