Cormark Decreases Earnings Estimates for Slate Office REIT

Slate Office REIT (TSE:SOT) – Cormark cut their FY2024 earnings estimates for Slate Office REIT in a research report issued on Wednesday, November 20th. Cormark analyst S. Srinivas now anticipates that the company will post earnings of $0.18 per share for the year, down from their previous forecast of $0.19. Cormark has a “Hold” rating on the stock. Cormark also issued estimates for Slate Office REIT’s Q4 2024 earnings at $0.02 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.03 EPS and Q4 2025 earnings at $0.00 EPS.

Slate Office REIT (TSE:SOT) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($2.12) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($2.17). The company had revenue of C$50.16 million for the quarter.

Slate Office REIT Stock Performance

About Slate Office REIT

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.