Slate Office REIT Un (TSE:RPR.UN)
TSX:RPR.UN
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Positive Factors
Cash Flow Generation
Positive free and operating cash flows indicate the company's ability to generate cash, crucial for sustaining operations and funding strategic initiatives.
Negative Factors
Declining Revenue
Declining revenues can undermine the company's ability to maintain profitability and invest in growth, posing long-term challenges.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Flow Generation
Positive free and operating cash flows indicate the company's ability to generate cash, crucial for sustaining operations and funding strategic initiatives.
Read all positive factors
Slate Office REIT (RPR.UN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.15M
Dividend YieldN/A
Average Volume (3M)38.17K
Price to Earnings (P/E)―
Beta (1Y)-0.17
Revenue Growth-6.21%
EPS Growth65.52%
CountryCA
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-0.69
Shares Outstanding80,562,460
10 Day Avg. Volume49,617
30 Day Avg. Volume38,171
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)C$185.80M
Slate Office REIT Business Overview & Revenue Model
Company Description
Ravelin Properties REIT is an open-ended real estate investment trust based in Ontario, Canada. Listed on the Toronto Stock Exchange (TSX) under the symbol RPR.UN, the REIT owns 46 commercial properties across Canada, the United States, and Irelan...
How the Company Makes Money
Slate Office REIT generates revenue primarily through the leasing of office spaces within its property portfolio. The company earns rental income from tenants who occupy these spaces, and it may also benefit from ancillary services related to prop...
Slate Office REIT Earnings Call Summary
Earnings Call Date:May 02, 2024
(Q1-2024)
| % Change Since: |
Next Earnings Date:May 20, 2026
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.Positive Updates
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.
Negative Updates
Asset Sales Below IFRS Value
Asset sales were about 30% below IFRS expectations, reflecting market challenges and the need to repay debt.
Read all updates
Q1-2024 Updates
Positive
Negative
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.
Read all positive updates
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.Slate Office REIT Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 198.78M | 197.62M | 196.51M | 172.65M | 183.59M | 215.52M |
| Gross Profit | 85.42M | 87.64M | 91.75M | 78.07M | 85.94M | 100.25M |
| EBITDA | -342.63M | -69.11M | 79.59M | 70.63M | 82.08M | 93.63M |
| Net Income | -408.09M | -113.12M | -18.10M | 53.30M | 6.72M | 64.23M |
Balance Sheet | ||||||
| Total Assets | 1.71B | 1.75B | 1.87B | 1.81B | 1.68B | 1.71B |
| Cash, Cash Equivalents and Short-Term Investments | 11.85M | 11.27M | 19.91M | 9.91M | 8.52M | 6.12M |
| Total Debt | 924.60M | 983.01M | 1.15B | 1.05B | 972.60M | 1.00B |
| Total Liabilities | 1.22B | 1.23B | 1.22B | 1.19B | 1.07B | 1.08B |
| Stockholders Equity | 495.87M | 515.37M | 644.37M | 621.97M | 604.74M | 627.30M |
Cash Flow | ||||||
| Free Cash Flow | 28.25M | 30.14M | 26.64M | 13.53M | 23.46M | 22.32M |
| Operating Cash Flow | 37.48M | 40.12M | 49.56M | 38.23M | 46.45M | 49.30M |
| Investing Cash Flow | 24.15M | -26.36M | -88.37M | -134.27M | -7.89M | 116.57M |
| Financing Cash Flow | -64.74M | -15.20M | 49.75M | 95.33M | -35.98M | -166.91M |
Slate Office REIT Technical Analysis
Negative
0.02
Price Trends
0.12
Negative
0.20
Negative
0.30
Negative
Market Momentum
-0.03
Positive
15.21
Positive
6.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RPR.UN, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.12, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 15.21 is Positive, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RPR.UN.
Slate Office REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
| ― | C$2.15M | -0.02 | -141.77% | ― | -6.21% | 65.52% | |
70 Outperform | C$343.37M | 16.24 | 4.52% | 7.37% | 0.92% | 92.93% | |
48 Neutral | C$114.43M | -3.92 | -7.82% | 5.79% | -5.17% | -187.42% | |
45 Neutral | C$314.26M | -2.20 | -16.57% | 5.65% | -1.06% | -20.07% | |
45 Neutral | C$1.37B | -1.41 | -10.26% | 13.67% | 1.86% | 1.84% | |
44 Neutral | C$30.16M | -0.63 | -18.69% | ― | -7.30% | 55.77% |
* Real Estate Sector Average
TSE:RPR.UN
Slate Office REIT
0.03
-0.45
-94.77%
TSE:BTB.UN
BTB REIT
3.89
0.91
30.32%
TSE:INO.UN
Inovalis REIT
0.89
0.04
4.71%
TSE:TNT.UN
True NthCommercial
8.14
-0.41
-4.75%
TSE:D.UN
Dream Office Real Estate Investment
16.53
0.77
4.88%
TSE:AP.UN
Allied Properties Real Estate Investment Trust
9.83
-4.00
-28.94%
Slate Office REIT Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Ravelin Properties REIT Secures Loan Forbearance Extensions Amid Financial Restructuring Efforts
Neutral
Dec 17, 2025
Ravelin Properties REIT has announced the extension of forbearance periods for loans totaling over CAD$528.3 million and US$45.5 million, as well as a loan for a key Chicago office property, allowing the company to assess financial options and pot...
Business Operations and StrategyFinancial Disclosures
Ravelin Properties REIT Reports Q3 2025 Financial Results, Highlights Leasing Growth and Redevelopment Plans
Positive
Nov 13, 2025
Ravelin Properties REIT reported its financial results for the third quarter of 2025, highlighting a return to stability in same-property net operating income and significant growth in its leasing pipeline. Despite a decrease in occupancy due to k...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―