Slate Grocery REIT T.SGR.UN

Alternate Symbol(s): SRRTF

Consumer Cyclical Advertising Agencies

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 > BMO analyst update

<< Previous

Bullboard Posts

Next >>

Comment by DanielDarden123on Dec 11, 2020 2:00pm

344 Views

Post# 32089630

RE:BMO analyst update

Thanks for the post. Often one can value the report by the assumptions that are made by the analyst. In this case the 7.85% cap rate IMO is suspect. While NOI will drop slightly in 2020, it is likely to recover in ‘21 and beyond, and will impact the cap rate along with NAV/u. With a cap rate of 7.5%, NAV/u moves to $10 US and at 7.0% moves to $10.50 US. The latter likely will best reflect the situation 1 year hence. Shouldn’t that be used to calculate the target price?

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing