GREY:SIHPF - Post by User
Post by
theinvestor22on Jul 28, 2020 10:58pm
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Post# 31334878
Decent quarter
Decent quarterA few quotes:
"
In aggregate we agreed to $1.3 million of rent deferrals, which many tenants have already started to repay. We expect to collect the majority of this outstanding rent before the end of 2020."
"Not included in our second quarter reporting are two anchor and one junior-anchor executed lease transactions (which still contain contingencies) that will absorb approximately 79,000 square feet of vacancy, with pro forma portfolio occupancy of 93.0%, and add $1.1 million of annual base rent."
"Slate Grocery REIT created significant value for unitholders in the second quarter by closing an opportunistic portfolio transaction which ranks as the REIT’s second-largest acquisition since inception. The highly accretive seven asset portfolio was acquired for $90 million, or $144 per square foot and will add $0.10 per unit of FFO growth once the net operating income flows through the books. "