Slate Grocery REIT (SRRTF)
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Slate Grocery REIT: A Defensive 8% Yield With Caveats
Slate Grocery REIT offers stability, with top tenants like Kroger and Walmart, providing defensive exposure in a more uncertain economic environment. The REIT shows solid fundamentals, with high occupancy, consistent revenue growth, and an attractive dividend yield near 8%. Despite positives, risks include high debt, tight AFFO payout ratios, and some softness in non-anchor occupancy.
Slate Grocery REIT (SRRTF) Q1 2025 Earnings Call Transcript
Slate Grocery REIT (OTC:SRRTF) Q1 2025 Earnings Conference Call May 6, 2025 9:00 AM ET Company Participants Shivi Agarwal - Manager, Finance Blair Welch - Chief Executive Officer Joe Pleckaitis - Chief Financial Officer Connor O'Brien - Managing Director Conference Call Participants Brad Sturges - Raymond James Sairam Srinivas - Cormark Securities Operator Good morning ladies and gentlemen and welcome to the Slate Grocery REIT First Quarter 2025 Financial Results Conference Call. At this time, all lines are in a listen-only mode.
Slate Grocery REIT: This High-Yielder's Fundamentals Keep On Improving
Slate Grocery REIT offers a compelling 9.3% yield, supported by strong fundamentals and a portfolio of 116 grocery-anchored retail locations across 23 states. The REIT's top tenants include major grocery chains like Kroger and Walmart, with 68% of the portfolio comprising essential tenancies, enhancing stability. Despite a 5% drop in share price, operational metrics like rental revenue and NOI have improved, driven by strong leasing spreads and an improving balance sheet.
If I Had To Name 2 REIT Dividend Bargains, It Would Be These
REITs are per definition designed to be durable income vehicles. If one can combine high quality with low multiple, the things can become attractive from the total return perspective as well. In this article I present 2 high-dividend and high-quality REITs, which are clear bargains.
Slate Grocery REIT: My Favorite High Monthly Dividend Paying REIT
Slate Grocery REIT is deeply discounted grocery-anchored business that keeps generating consistently growing organic cash flows. Slate trades at P/FFO of ~9.0x, it has in-place rents that are ~45% below the market-level, and the business performs well. The key risk, which was related to the refinancings has now been well-mitigated, thereby making the overall case here much more interesting.
Slate Grocery REIT (SRRTF) Q4 2024 Earnings Call Transcript
Slate Grocery REIT (OTC:SRRTF) Q4 2024 Earnings Conference Call February 12, 2025 9:00 AM ET Company Participants Shivi Agarwal – Manager-Finance Blair Welch – Chief Executive Officer Allen Gordon – Senior Vice President Joe Pleckaitis – Chief Financial Officer Connor O'Brien – Managing Director Conference Call Participants Sairam Srinivas – Cormark Securities Brad Sturges – Raymond James Pammi Bir – RBC Capital Markets Sumayya Syed – CIBC Operator Good morning, ladies and gentlemen, and welcome to Slate Grocery REIT's Fourth Quarter 2024 Financial Results Conference Call. At this time all lines are in a listen-only mode.
Slate Grocery REIT: New Share Buyback Enhances Appeal Of 8.8% Dividend Yield
Slate Grocery REIT is undervalued, trading at a 30% discount to NAV and a price/AFFO of 10.5x, significantly below the sector median. SRRTF offers an attractive 8.94% dividend yield, with improved AFFO/share making the dividend more sustainable despite a historically high payout ratio. Recent debt refinancing and a share buyback program are key catalysts, enhancing balance sheet stability and potentially boosting share price and AFFO.
Slate Grocery REIT: This 8.5% Yield Just Got Safer
Slate Grocery REIT's 8.5% distribution yield has become safer due to operational improvements and debt refinancing, making it attractive for income-focused investors. The REIT owns 116 grocery-anchored properties across the U.S., with a strategic focus on growing markets, ensuring steady cash flow and tenant demand. Major tenants include top retailers like Kroger and Walmart, with long-term leases providing stability and potential for future rent hikes.
Slate Grocery REIT (SRRTF) Q3 2024 Earnings Call Transcript
Slate Grocery REIT (OTC:SRRTF) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Blair Welch - Chief Executive Officer Joe Pleckaitis - Chief Financial Officer Connor O'Brien - Managing Director Allen Gordon - Senior Vice President Braden Lyons - Vice President Shivi Agarwal - Manager, Finance Conference Call Participants Brad Sturges - Raymond James Sairam Srinivas - Cormark Securities Operator Good morning, ladies and gentlemen, and welcome to the Slate Grocery REIT Third Quarter 2024 Financial Results Conference Call. At this time, all lines are in listen-only mode.
Slate Grocery REIT (SRRTF) Q2 2024 Earnings Call Transcript
Slate Grocery REIT (OTC:SRRTF) Q2 2024 Results Conference Call August 8, 2024 9:00 AM ET Company Participants Shivi Agarwal - Manager of Finance Blair Welch - Chief Executive Officer Joe Pleckaitis - Chief Financial Officer Connor O'Brien - Managing Director Allen Gordon - Senior Vice President Braden Lyons - Vice President Conference Call Participants Sairam Srinivas - Cormark Securities Operator Good morning, ladies and gentlemen, and welcome to the Slate Grocery REIT Q2 2024 Financial Results Conference Call. [Operator Instructions] This call is being recorded on Thursday, August 8, 2024.
Slate Grocery REIT: Bagging A Bargain With An 11% Yield
Slate Grocery REIT is a grocery-focused REIT with strong fundamentals and attractive valuations, making it a compelling investment opportunity. Slate Grocery REIT owns a portfolio of real estate assets in metro markets with high-quality tenants, experiencing consistent rental revenue growth and low vacancies. Despite risks related to leverage and interest rate swaps, Slate Grocery's unique niche in grocery real estate and strong performance make it a buy with an 11% yield.
