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 Reports First Quarter 2025 Results
TORONTO--(BUSINESS WIRE)--Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the "REIT"), an owner and operator of U.S. grocery-anchored real estate, today announced its financial results and highlights for the three months ended March 31, 2025. "Grocery anchored real estate has proven its resiliency through various economic cycles, and we continue to have great conviction in the ability of this asset class to perform in today's economic environment," said Blair Welch, Chief Executive Officer of Sl.
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 Announces Distribution for the Month of February 2025
TORONTO--(BUSINESS WIRE)--Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of February 2025 of U.S.$0.072 per class U unit of the REIT ("Class U Units"), or U.S.$0.864 on an annualized basis. Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election. Holders.
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 Reports Fourth Quarter and Year-End 2024 Results
TORONTO--(BUSINESS WIRE)--Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the "REIT"), an owner and operator of U.S. grocery-anchored real estate, today announced its financial results and highlights for the three and twelve months ended December 31, 2024. "Our fourth quarter and year-end financial results reaffirm the significant growth potential embedded within the REIT's portfolio of high-quality grocery-anchored real estate," said Blair Welch, Chief Executive Officer of Slate Grocery REIT. ".
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 Announces Renewal of Normal Course Issuer Bid
TORONTO--(BUSINESS WIRE)--Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (the “NCIB”), effective as at the open of markets on February 3, 2025, to repurchase for cancellation up to 5,516,454 class U units of the REIT (“Class U Units”) or approximately 10% of the public float of 55,164,540 Class U.
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.
