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Slate Grocery REIT T.SGR


Primary Symbol: 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.


TSX:SGR.UN - Post by User

Slate Grocery REIT
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Comment by TedOwenson Jun 10, 2013 9:07pm
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Post# 21509419

RE: Charles Oliver on SGR

RE: Charles Oliver on SGR

The convertible debenture was viewed by many industry insiders as constituting a type of desparate hail-mary financing undertaking which all in effect intrinsically hands over the company and its assets to the banks if the free cash flow levels over the coming 12 months does not meet expectations. According the Sprott, confidence in these attinable production quotas, as based off of historically returned dissapointments, is not there. The assets at Rice Lake are no doubt in place but it will take a larger company with deeper pockets in order to bring the story over the top. SGR at this point in time does not appear to have the capital reserves in place, outside of the convertable debenture, which would be needed to ramp up production within the needed timeframe in order to turn the share price around for some time yet. This play may just indeed reach single digit figures as a result of the underlying sentiment coming out from the market call guest.  

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