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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 > Occupancy Gain
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Post by DanielDarden on Mar 10, 2024 12:42pm

Occupancy Gain

The 1.5% gain represents new revenue of ~$2M/yr going forward which should reduce the payout ratio and add to NOI, which should provide improved NAV/u with fair market gains. If rates decrease the cap rate will also improve (lower). The yield alone should outperform GICs. Any market value gain is a bonus.
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