Slate Grocery REIT T.SGR.UN

Alternate Symbol(s): SRRTF

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Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties (the properties) in the United States of America (the U.S.). Its objectives are to provide unitholders with stable cash distributions from a portfolio of grocery-anchored real estate properties in the United States. The REIT owns and operates real estate infrastructure across U.S. metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.

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Slate Grocery REIT > BMO analyst update

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Comment by DanielDarden123on Jan 13, 2022 12:13pm

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Post# 34313094

RE:RE:BMO analyst update

DanielDarden123 wrote: While the future is always guesswork, the absence of the mention of an improved NOI leaves a gap worth noticing. With a further drop of the cap rate <7% and a 5% improvement in NOI, the NAV/u moves up considerably with a corresponding sp jump >$15Can.

That didn’t take long! It is always difficult to determine what the market is pricing in and what is being overlooked. This repricing seems to indicate changing sentiment and expectations of a lower payout ratio going forward.

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