Slate Office: Top 10 Undervalued REITs Industry Stocks (SOT-UN)
Slate Office is now ranked among the top 10 undervalued stocks in the REITs industry on the Toronto Stock Exchange or TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
REITs: Self-administered real estate investment trusts engaged in the development, acquisition, management, and disposition of healthcare properties, including long-term-care facilities, acute-care and rehab hospitals, psychiatric facilities, and substance-abuse centers.
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| HOT-U | American Hotel Inc Props | 0.36 | 0.94 | 0.58 (160.1%) | 1977 | 28.5 | 21.1 | 0.0 |
| MHC-U | Flagship Communities | 13.60 | 26.16 | 12.56 (92.4%) | 14711 | 286.6 | 4.3 | 4.8 |
| SGR-U | Slate Grocery | 8.05 | 14.92 | 6.87 (85.3%) | 1100 | 485.5 | 10.7 | 12.9 |
| HOT-UN | American Hotel Inc Props | 0.51 | 0.94 | 0.43 (83.6%) | 34779 | 40.3 | 23.8 | 0.0 |
| SOT-UN | Slate Office | 0.41 | 0.71 | 0.31 (75.9%) | 54452 | 34.8 | 14.8 | 0.0 |
| SRES | Sun Residential REIT | 0.04 | 0.07 | 0.03 (72.0%) | 163215 | 8.1 | 9.5 | 0.0 |
| MPCT-UN | Dream Impact | 3.67 | 5.69 | 2.02 (55.0%) | 9422 | 65.0 | 13.1 | 0.0 |
| MHC-UN | Flagship Communities | 18.60 | 27.96 | 9.36 (50.3%) | 1956 | 392.0 | 2.7 | 4.8 |
| SGR-UN | Slate Grocery | 11.08 | 15.62 | 4.54 (40.9%) | 78338 | 668.2 | 10.6 | 12.9 |
| MI-UN | Minto Apartment | 14.42 | 20.15 | 5.73 (39.7%) | 72457 | 575.4 | 3.5 | 0.0 |
All data provided as of June 22, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Slate Office
Slate Office REIT is an open-ended real estate investment trust. The company focuses on acquiring, holding, developing, maintaining, improving, leasing, managing, or otherwise dealing with office properties in Canada. the REIT's portfolio consists of approximately fifty four commercial properties located in Canada. Its fundamental and thematic approach to investment and asset management leads to significant value creation. The company operates in Canada, United States, and Ireland.
Slate Office is listed under SOT-UN on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
