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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Post by TedOwenson Jun 19, 2013 11:39pm

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Post# 21558387

SGR closing in on single digits

SGR's slide back towards towards single digit share prices is reinforcing previous opinions by many analysts that the company may not be able to avoid dipping heavyly into its convertable debenture kitty in order to keep operating should gold prices keep dropping in parallel. Being that cash flow, in combination with predicted declining gold prices, are both integrated with SGR's operational challenges makes the survival quota for this outfit questionable by years end. Contrarians will be rejoicing at this point in time but the debenture holders are in the drivers seat and will dictate where this all goes. Could it be that .03 is where its at.

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