Slate Office REIT chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 2.54
Dividend & Yield0.40C$ (8.36%)
Beta 1.16
Market capitalization 399.95M
Operating cash flow 49.34M
ESG Scores unknown

Company description

Slate Office REIT is an owner and operator of North American office real estate. The REIT owns interests in and operates a portfolio of 35 strategic and well-located real estate assets across Canada's major population centres and includes two assets in downtown Chicago, Illinois. 60% of the REIT's portfolio is comprised of government or credit rated 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.

Sector: Real Estate - Industry: REIT—Office

Financial Ratios
Quick Ratio0.65
Working Capital-0.51
Return On Equity0.07
Debt To Equity1.48
Fixed Asset Ratio-0.12
Fixed Interest Cover2.12

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -384.19M 116.57M -7.89M -134.27M
Net Borrowings 288.74M -121.8M 3M 77.22M
Total Cash From Financing Activities 328.5M -169.48M -38.09M 95.33M
Change To Operating Activities 3.69M 9.91M 2.31M -1.61M
Issuance Of Stock 103.51M 55M 55M 55M
Net Income 77.14M 62.44M 13.65M 46.64M
Change In Cash -1.96M -1.07M 2.4M 1.39M
Effect Of Exchange Rate 372k -34k -182k -16k
Total Cash From Operating Activities 53.35M 51.87M 48.56M 40.34M
Depreciation 947k 1M 1.06M 1.02M
Change To Account Receivables
Other Cashflows From Financing Activities -11.29M 775k -11.53M -7.7M
Change To Netincome -34.7M -25.34M 31.54M -5.71M
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 76.42M 63.27M 13.55M 49.37M
Net Income 77.14M 62.44M 13.65M 46.64M
Selling General Administrative 7.49M 7.71M -22.11M 32.98M
Gross Profit 103.73M 88.56M 85.16M 77.89M
Ebit 95.3M 79.85M 106.22M 43.89M
Operating Income 95.3M 79.85M 106.22M 43.89M
Interest Expense -51.9M -54.6M -74.96M -20.66M
Income Tax Expense -721k 830k -96k 2.73M
Total Revenue 209.9M 215.52M 183.59M 172.65M
Cost Of Revenue 106.16M 126.97M 98.42M 94.76M
Total Other Income ExpenseNet -18.89M -16.58M -92.66M 5.48M
Net Income From Continuing Ops 77.14M 62.44M 13.65M 46.64M
Net Income Applicable To Common Shares 77.14M 62.44M 13.65M 46.64M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.26B 1.08B 1.07B 1.19B
Total Stockholder Equity 611.45M 627.3M 604.74M 621.97M
Other Current Liabilities 12.71M 9.76M 1.68M 57.58M
Total Assets 1.87B 1.71B 1.68B 1.81B
Common Stock 533.27M 520.89M 520.51M 518.89M
Other Current Assets 4.83M 6.03M 5.92M 142.71M
Retained Earnings 71.94M 102.93M 89.49M 109.05M
Treasury Stock 6.24M 3.48M -5.26M -5.97M
Cash 7.19M 6.12M 8.52M 9.91M
Total Current Liabilities 305.69M 221.22M 206.44M 256.47M
Other Stockholder Equity 6.24M 3.48M -5.26M -5.97M
Property, Plant, and Equipment 1.78B 1.62B 1.59B 1.59B
Total Current Assets 20.91M 23.2M 25.73M 165.78M
Net Tangible Assets 611.45M 627.3M 604.74M 621.97M
Net Receivables 8.89M 11.05M 11.29M 13.17M
Accounts Payable 25.64M 28.13M 35.6M 36.68M


Insider Transactions

Here are the insider transactions of stock shares related to Slate Office REIT:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Armoyan (Sime)Acquisition or disposition in the public market at price 3.27 per share.I2022-10-2010% Security Holder of Issuer108.3k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.28 per share.I2022-10-1810% Security Holder of Issuer8.2k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.27 per share.I2022-10-1810% Security Holder of Issuer48k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.09 per share.I2022-10-1310% Security Holder of Issuer4k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.09 per share.I2022-10-1310% Security Holder of Issuer5k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.08 per share.I2022-10-1210% Security Holder of Issuer1k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.08 per share.I2022-10-1110% Security Holder of Issuer1.6k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.08 per share.I2022-10-1110% Security Holder of Issuer43k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.17 per share.I2022-10-0710% Security Holder of Issuer35.4k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.12 per share.I2022-09-2910% Security Holder of Issuer111.3k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.12 per share.I2022-09-2910% Security Holder of Issuer178.2k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.13 per share.I2022-09-2910% Security Holder of Issuer50.2k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.12 per share.I2022-09-2910% Security Holder of Issuer6.4k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.11 per share.I2022-09-2910% Security Holder of Issuer4k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.17 per share.I2022-09-2810% Security Holder of Issuer200.5k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.18 per share.I2022-09-2810% Security Holder of Issuer43.4k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.14 per share.I2022-09-2710% Security Holder of Issuer145.2k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.13 per share.I2022-09-2710% Security Holder of Issuer18.7k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.13 per share.I2022-09-2710% Security Holder of Issuer5.6k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.13 per share.I2022-09-2610% Security Holder of Issuer36.5k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.13 per share.I2022-09-2610% Security Holder of Issuer50k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.13 per share.I2022-09-2610% Security Holder of Issuer34.7k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.19 per share.I2022-09-2310% Security Holder of Issuer205k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.20 per share.I2022-09-2310% Security Holder of Issuer135.8k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.27 per share.I2022-09-2210% Security Holder of Issuer9k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.27 per share.I2022-09-2210% Security Holder of Issuer14.2k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.29 per share.I2022-09-2110% Security Holder of Issuer31.5k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.37 per share.I2022-09-1910% Security Holder of Issuer234.9k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.36 per share.I2022-09-0610% Security Holder of Issuer11.4k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.36 per share.I2022-09-0610% Security Holder of Issuer6.5k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.36 per share.I2022-09-0210% Security Holder of Issuer2.1k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.42 per share.I2022-09-0110% Security Holder of Issuer17.5k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.35 per share.I2022-09-0110% Security Holder of Issuer2.9k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.43 per share.I2022-08-3110% Security Holder of Issuer41.8k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.43 per share.I2022-08-3010% Security Holder of Issuer40.7k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.45 per share.I2022-08-2210% Security Holder of Issuer90.6k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.47 per share.I2022-08-1910% Security Holder of Issuer101.6k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.47 per share.I2022-08-1910% Security Holder of Issuer132.3k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.48 per share.I2022-08-1810% Security Holder of Issuer41k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.48 per share.I2022-08-1810% Security Holder of Issuer31.5k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.49 per share.I2022-08-1710% Security Holder of Issuer166.9k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.49 per share.I2022-08-1710% Security Holder of Issuer11.1k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.55 per share.I2022-08-1210% Security Holder of Issuer225k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.35 per share.I2022-07-1410% Security Holder of Issuer100k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.28 per share.I2022-07-1410% Security Holder of Issuer12.2k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.33 per share.I2022-07-1410% Security Holder of Issuer90.8k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.42 per share.I2022-07-1210% Security Holder of Issuer80k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.42 per share.I2022-07-1210% Security Holder of Issuer69.2k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.42 per share.I2022-07-1110% Security Holder of Issuer20k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.42 per share.I2022-07-1110% Security Holder of Issuer40k
Armoyan (Sime)Acquisition or disposition in the public market at price 3.47 per share.I2022-07-0810% Security Holder of Issuer50k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Slate Office REIT. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Slate Office REIT

Here is the result of two systematic investment strategies applied to Slate Office REIT. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Slate Office REIT

The following chart shows the equity curve of the two systematic investment strategies applied to Slate Office REIT:

Slate Office REIT automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 0.36% on the backtest period.

Performance at glance

Performance

0.36 %

Latent gain

2.67 C$

Invested capital

748.85 C$

Annualized return

0.27 %
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Momentum strategy results on Slate Office REIT

This is the result of two momentum investment strategies applied to Slate Office REIT. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Slate Office REIT

The following chart shows all the entries opened by the momentum investment system on Slate Office REIT:

Slate Office REIT momentum entries
  • The first momentum investment strategy would give 0.07% of return on Slate Office REIT. That represents 0.73C$ of latent gain with 999.67C$ of employed capital.
  • The second momentum investment strategy would give -5.97% of return on Slate Office REIT. That represents -30.06C$ of latent gain with 503.42C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

0.07 %

Latent gain

0.73 C$

Invested capital

999.67 C$

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-5.97 %

Latent gain

-30.06 C$

Invested capital

503.42 C$

Annualized return

-7.11 %

Momentum equity curve on Slate Office REIT

The following chart shows the equity curve of the two momentum strategies applied to Slate Office REIT:

Slate Office REIT momentum equity

Note: the dividends potentially given by Slate Office REIT are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Slate Office REIT

The following chart shows the employed capital evolution of the two momentum strategies on Slate Office REIT since the beginning:

Slate Office REIT

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on Slate Office REIT

Buy the dip entry openings on Slate Office REIT

Slate Office REIT

The performance achieved by the robo-advisor on Slate Office REIT is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows Slate Office REIT stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Slate Office REIT, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

-0.0 %

Equity curve of the strategy applied to Slate Office REIT

The following chart shows the result of the investment strategy applied to Slate Office REIT:

Slate Office REIT

Note: the dividends potentially given by Slate Office REIT are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Slate Office REIT

The following chart shows the employed capital evolution since the beginning of the investment strategy on Slate Office REIT:

Slate Office REIT

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Slate Office REIT

In this section, I will compare the three previous investment strategies applied to Slate Office REIT.

Equity curve comparison on Slate Office REIT

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Slate Office REIT investment strategy comparison

Employed capital comparison on Slate Office REIT

Slate Office REIT investment comparison

Performance comparison on Slate Office REIT

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 0.36% 2.67C$ 748.85C$ 0.27%
Momentum 1 quarter 0.07% 0.73C$ 999.67C$ 0.06%
Momentum 2 quarters -5.97% -30.06C$ 503.42C$ -7.11%
Non-directional 0% 0.0C$ 0.0C$ -0.0%
Annualized return comparison

Automatic investment

0.27 %

Momentum 1Q

-7.11 %

Momentum 2Q

-7.11 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Slate Office REIT:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Slate Office REIT and the other stocks. There may be false positives or some missing correlated stocks. If the price of Slate Office REIT does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Slate Office REIT
Country Canada
City Toronto
Address 121 King Street West
Phone (416) 644-4264
Website www.slateofficereit.com
FullTime employees
Industry REIT—Office
Sector Real Estate
Exchange XTSE
Ticker SOT-UN.XTSE
Market

Slate Office REIT ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown