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 REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate infrastructure across United States 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, Hocking Valley Mall, North Lake Commons, Eastpointe Shopping Center, Flower Mound Crossing, North Augusta Plaza, 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 AngelEyes3on Mar 21, 2014 10:29am

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Post# 22350891

Well the report was not all that bad

The non cash imparement charge of 83.1 million is book keeping only. They are lowering the value of the assets on the books to reflect current gold values in the market. The good news is that they have lowered their cost per oz produced. They have a solid asset here but they spent to much money on drilling in the past. As they go down deeper the deposts seem to be merging therefore this is positive. They just need to cut costs until it is below or around 780 per oz of gold produced and that will help them to recover. Sprott is heavily in this stock therefore they feel they have a future.

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Gold vs. bitcoin, where should you invest?