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Slate Office REIT Un (TSE:RPR.UN)
TSX:RPR.UN
Holding TSE:RPR.UN?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.93Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -15.38%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with significant achievements in leasing activities and strategic dispositions, but also highlights the challenges faced in asset sales and financing. The REIT has taken steps to enhance financial flexibility and maintain stability amidst market headwinds.Company Guidance
During the Q1 2024 earnings call, Slate Office REIT provided detailed guidance on its operational and financial performance. The company reported a significant increase in leasing activity, completing over 270,000 square feet of leasing, up 120% from the first quarter of the previous year, with a weighted average lease term of over 10 years. Furthermore, the REIT has built a robust pipeline with over 350,000 square feet of potential lease deals. On the portfolio management front, Slate Office REIT completed over $40 million in asset dispositions and has an additional $109 million under contract or in letters of intent. The REIT's balance sheet management included a special resolution allowing increased financial leverage beyond 65% of its gross book value to enhance financial flexibility amidst ongoing portfolio realignment. Despite the challenging market conditions, the REIT expressed optimism about the rebounding tenant demand and its strategic measures to retain cash and pay down debt.Increased Leasing Activity
Completed over 270,000 square feet of total leasing in Q1 2024, up 120% from the first quarter of '23. Leasing was completed at positive spreads and a weighted average lease term of over 10 years.
Robust Leasing Pipeline
Built a robust leasing pipeline with over 350,000 square feet of new potential lease deals and renewals, expected to add to net operating income in late 2024 and into 2025.
Strategic Asset Dispositions
Completed over $40 million at share in asset dispositions in Canada and Ireland, with an additional $109 million at share of assets under contract or in letter of intent.
Financial Flexibility
Unitholders passed a resolution to temporarily remove the restriction on financial leverage, providing greater financial flexibility.
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TSE:RPR.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:RPR.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$0.65 | C$0.54 | -16.92% |
| Aug 09, 2024 | C$0.38 | C$0.37 | -2.63% |
| May 02, 2024 | C$0.67 | C$0.67 | 0.00% |
| Feb 15, 2024 | C$0.92 | C$0.89 | -3.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Slate Office REIT Un (TSE:RPR.UN) report earnings?
Slate Office REIT Un (TSE:RPR.UN) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Slate Office REIT Un (TSE:RPR.UN) earnings time?
Slate Office REIT Un (TSE:RPR.UN) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:RPR.UN EPS forecast?
Currently, no data Available
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