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Earnings Call Summary | SLATE OFFICE REIT(SLTTF.US) Q1 2024 Earnings Conference

Futu News ·  May 4 13:21  · Conference Call

The following is a summary of the Slate Office REIT (SLTTF) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Slate Office REIT completed over $40 million in dispositions through strategic asset sales in Canada and Ireland, with an additional $109 million of assets under contract or in letter of intent.

  • They also executed over 270,000 sq ft of total leasing, representing an increase of 120% from Q1 2023, with a pipeline of more than 350,000 sq ft of potential new lease deals.

Business Progress:

  • The REIT prioritized long-term growth and stability by preserving value with hands-on asset management and flexibility in financial leverage.

  • Hands-on asset management normalized relations with high-quality credit tenants in the Greater Toronto area, Atlantic Canada, and Ireland leading to extensions and renewals.

  • Slate's portfolio realignment plan, including asset disposals to repay debt, is currently in progress.

More details: SLATE OFFICE REIT IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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