The Financial Post reports in its Wednesday edition that real estate investment trusts with significant office holdings have been under pressure since the pandemic, with the shift to remote work and higher interest rates hammering the sector. The Post's Shantaé Campbell writes that last week, Dream Office REIT became the latest to cut its distribution in the face of the continuing challenges. Slate Office REIT, which has holdings in North America and Europe, has cut its distribution twice in the past year. In April, the company cut its monthly payout from 3.3 cents per unit to one cent, a cut of nearly 70 per cent. In mid-November, it decided to suspend the distribution entirely, a move Slate said it hoped would unlock an extra $10.2-million annually for debt reduction and to finance operations. It also announced a major portfolio reconstruction, in which it would seek to offload "non-core" assets making up 40 per cent of its leasable space. The sale came as the company posted a $34.7-million net loss for the quarter ending Sept. 30 -- a stark turnaround from the $18.4-million profit recorded the same period last year. Shares of Slate are down 80 per cent over the past year and closed at 88 cents per unit on Friday.