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 > Dividend cut

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Comment by DanielDarden123on Jan 11, 2021 4:03pm

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Post# 32269317

RE:RE:Dividend cut

DanielDarden123 wrote: Anybody who has operated a business will know that cash requirements vary, so a short term cut would not be surprising or disappointing given that the market is viewing the high yield as a risk rather than a bonus. I would be surprised if a large accretive acquisition is not announced shortly. It seems quite unlikely that debt would be reduced when the 10 year bond is yielding < 1%. As a stable company, now is not the time to be worried about debt. Rather, this is the time to take advantage of other’s pain.

Happy New Year to All!

Looks like management agrees. The cash flow from the 5 centres should allow for maintaining the current distribution. Hopefully management can continue to distinguish this gem from other retail and spread the word. Analysts should pick up on the declining cap rates soon so NAV/u should move up accordingly.

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