Slate Grocery REIT has delivered rock-solid Q3 results. Even though the financials have been improving for several quarters in a row, Slate continues to trade at a single-digit multiple. In the article I detail the key essence of the Q3 report and explain why Slate remains my top monthly income producing REIT out there.
Slate Grocery REIT ( SGR.UN:CA ) Q3 2025 Earnings Call November 6, 2025 9:00 AM EST Company Participants Shivi Agarwal - Manager of Finance Blair Welch - CEO & Trustee Allen Gordon - Senior Vice President Conference Call Participants Bradley Sturges - Raymond James Ltd., Research Division Golden Nguyen-Halfyard Presentation Operator Good morning, ladies and gentlemen, and welcome to the Slate Grocery REIT Third Quarter 2025 Financial Results Conference Call.
Slate Grocery REIT offers an attractive 8.4% yield and trades below 10x P/FFO, signaling undervaluation and strong income potential. Occupancy remains robust at 94%, with double-digit leasing spreads and significant embedded rent growth as in-place rents lag market rates. Recent refinancing has de-risked the balance sheet, with only 12% of debt maturing through 2026 and a competitive 5% weighted average interest rate.
| Retail REITs Industry | Real Estate Sector | Mr. Blair Welch C.A. CEO | OTC PINK Exchange | CA8310622037 ISIN |
| CA Country | - Employees | 30 May 2025 Last Dividend | 8 Mar 2016 Last Split | - IPO Date |
Slate Grocery REIT is a prominent owner and operator of grocery-anchored real estate in the United States. With a portfolio valued at approximately $2.4 billion, the REIT is entrenched in major U.S. metro markets, providing communities with essential real estate infrastructure they depend on daily. The focus on grocery-anchored properties ensures that the REIT's investments are in assets that are critical to people's everyday needs, bolstering the resilience and reliability of its revenue streams. This strategic positioning, combined with strong credit tenants, not only secures durable cash flows for its unitholders but also opens avenues for potential capital appreciation over the long term, making it an attractive investment in the real estate sector.
This core service involves the acquisition, management, and operation of grocery-anchored retail properties across the U.S. With a portfolio valued at roughly $2.4 billion, Slate Grocery REIT focuses on real estate that is deemed essential for community daily needs, ensuring a stable and resilient investment.
Slate Grocery REIT places a strong emphasis on curating and maintaining robust relationships with high-credit tenants. By securing leases with grocery stores and other essential service providers, the REIT ensures consistent rental income streams, minimizing vacancy rates and optimizing overall portfolio performance.
In addition to owning grocery-anchored real estate, Slate Grocery REIT offers comprehensive property and asset management services. This includes everything from day-to-day property upkeep to strategic asset repositioning, aimed at maximizing property value and enhancing unitholder returns over time.