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

Slate Grocery REIT

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Post by DanielDarden123on Feb 25, 2022 2:10pm

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Post# 34462445

CIBC- New

Upside Scenario: US$13.00

Our upside case reflects our NAV estimate with higher NOI growth of +2.5% and a 25 bps decrease in the cap rate.

My Take: Moving the cap rate from 7% to 6.75% in a recovering scenario should not be problematic. Nor should the NOI improvement. With less cash flow dedicated to redevelopment going forward, the POR should drop considerably, improving sentiment and the sp.

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