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Slate Office REIT ( ($TSE:RPR.UN) ) has issued an update.
Ravelin Properties REIT reported its financial results for the fourth quarter and year-end 2024, highlighting significant leasing activity and property sales. The company completed $114.1 million in property dispositions and is actively negotiating lease renewals and new deals across its markets. Despite a negative fair value adjustment of $97.2 million due to recent sales, the REIT is managing liquidity and restructuring its debt, though it faces challenges with debt covenants and defaults. The internalization of management is expected to result in cost savings, and the company is working on a recapitalization plan to ensure its continued operation.
More about Slate Office REIT
Ravelin Properties REIT, formerly known as Slate Office REIT, is a global owner and operator of commercial real estate. The company focuses on well-located properties and has an extensive leasing pipeline, indicating a strong market presence and demand for its spaces.
YTD Price Performance: 13.46%
Average Trading Volume: 59,348
Technical Sentiment Signal: Buy
Current Market Cap: C$50.65M
See more data about RPR.UN stock on TipRanks’ Stock Analysis page.