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 > What is likelihood of distribution increase in 2021?

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Comment by mariorizzion Mar 28, 2021 9:34pm

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RE:What is likelihood of distribution increase in 2021?

Considering the current yield, I don't think they should increase the distribution. It would not make much of an impact in attracting new investors at this point. I wold rather they use the extra cash flow to pay down debt. Lowering the debt and showing a lower payout ration would actually attract investors who want a stable balance sheet rather than an extra few basis points in yield.

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