Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > Interesting twist to new deal
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(48)
•••
Comment by logicandinertiaon Jun 22, 2022 3:17pm
264 Views
Post# 34774927

RE:RE:Interesting twist to new deal

RE:RE:Interesting twist to new deal

Yeah,  you really have to give it to this crew.  At a time when nobody is doing deals, Slate management structures a deal to vend in these new properties using one of its private equity funds and pays a 22 percent premium to current market price.  Institutions invested in this PE fund seemingly ok with this transaction.  

Necessity is the mother of invention .  The Slate team was able to find the lowest cost funding to do this deal, which one has to applaud.  The ridiculous ATM program, introduced a few short months ago at the front end of a bear market, was only going to weigh on the unit share price and emblematic of somebody listening to fee chasing bankers' advice.  Pls demote the executive who forwarded this idea. 

Still don't think they ever realized expected synergies from last big deal before moving onto this one, but they keep barreling forward.  Fortune favours the brave...

good luck. 
 

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities