Slate Grocery REIT T.SGR

Primary Symbol: 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 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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Comment by halcroon Mar 30, 2015 1:54pm

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Post# 23577623

RE:RE:BK

The fourth trustee's report, dated March 23, 2015, contains a cash-flow/profit/loss statement for the period from March 23 to April 26.

This shows that, during that period, the mine will operate at a loss, further reducing the cash balance.

This projection doesn't have any provision for the interest on the in-place debentures; however, if interest were to be accrued and imncluded, losses would increase considerably.

Based upon this, at today's POG and current operating costs, SGR's operations would not be able to service debt at this time.

Google MNP San Gold to access the trustee's reports.

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