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 (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 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.
![]() SRRTF 1 month ago Paid | Monthly | $0.07 Per Share |
![]() SRRTF 2 months ago Paid | Monthly | $0.07 Per Share |
![]() SRRTF 3 months ago Paid | Monthly | $0.07 Per Share |
![]() SRRTF 4 months ago Paid | Monthly | $0.07 Per Share |
![]() SRRTF 5 months ago Paid | Monthly | $0.07 Per Share |
6 Aug 2025 (In 1 week) Date | | - Cons. EPS | - EPS |
5 Aug 2025 (In 1 week) Date | | - Cons. EPS | - EPS |
28 Apr 2025 Date | | - Cons. EPS | - EPS |
11 Feb 2025 Date | | - Cons. EPS | 0.2 EPS |
6 Nov 2024 Date | | - Cons. EPS | 0.08 EPS |
![]() SRRTF 1 month ago Paid | Monthly | $0.07 Per Share |
![]() SRRTF 2 months ago Paid | Monthly | $0.07 Per Share |
![]() SRRTF 3 months ago Paid | Monthly | $0.07 Per Share |
![]() SRRTF 4 months ago Paid | Monthly | $0.07 Per Share |
![]() SRRTF 5 months ago Paid | Monthly | $0.07 Per Share |
6 Aug 2025 (In 1 week) Date | | - Cons. EPS | - EPS |
5 Aug 2025 (In 1 week) Date | | - Cons. EPS | - EPS |
28 Apr 2025 Date | | - Cons. EPS | - EPS |
11 Feb 2025 Date | | - Cons. EPS | 0.2 EPS |
6 Nov 2024 Date | | - Cons. EPS | 0.08 EPS |
REIT - Retail 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.