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Bullboard - Stock Discussion Forum Slate Grocery REIT T.SGR.UN

Alternate Symbol(s):  SRRTF

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... see more

TSX:SGR.UN - Post Discussion

Slate Grocery REIT > Need to Lower Payout Ratio...
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Post by joebravo on Feb 06, 2024 9:16am

Need to Lower Payout Ratio...

Good business, just the payout ratio is dangerously close to making dividend unsustainable.

It was slightly over 99% of AFFO for 3Q 2023.  The price is holding up mainly due to share buybacks but if they can lower the Payout ratio, this should be a very interesting play.
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