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Slate Grocery REIT 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

Post by theinvestor22on Jan 11, 2021 10:42am
357 Views
Post# 32266634

Today's acquisition compared to last year's acquisition

Today's acquisition compared to last year's acquisitionLast year's acq: 

Total Price:  $90M (reduced by 15.5% from original price)
Price/sq. ft:  $144
Occupancy Level:  92% (when it was originally announced)
Accretive to FFO by:  10 cents

Today's acq:

Total Price:  $54.3M
Price/sq. ft.:  $137
Occupancy Level:  95%
Accretive to FFO by:  unknown, but positive

From the metrics we have, this looks like an excellent acquisition.
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