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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

Comment by DanielDarden123on Jul 29, 2021 11:47am
376 Views
Post# 33623384

RE:for your interest

RE:for your interest
incomedreamer11 wrote:

CIBC World Markets analyst Sumayya Syed raised her Slate Grocery REIT (SGR.UN-T) target to $10.75 from $9.75 with a “neutral” rating, while RBC’s Pammi Bir increased his target to $10.75 from $10.25 with a “sector perform” recommendation. The average is $10.90.

“Post Q2 results that slightly exceeded our call, our stable view for SGR is intact,” said Mr. Bir. “Despite the steeper slide in organic growth, multiple drivers appear to be in place to support a stronger recovery over the next 18 months. As well, tailwinds appear to be forming for potential earnings and NAV upside from the Annaly portfolio acquisition. Net-net, we see valuation as well-supported by its defensive grocery anchored portfolio and improving growth profile.”


It’s important to realize that these targets are U.S. $.
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