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Slate Grocery REIT SRRTF


Primary Symbol: T.SGR.UN

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 DanielDardenon Apr 22, 2023 4:17pm
292 Views
Post# 35408959

RE:Daniel:

RE:Daniel:First, both Welchs received 97+% support at the last general meeting so many investors are wearing the glasses. We must all be oblivious to your wisdom!

The normal human reaction is to blame somebody without giving much thought to the appropriateness of the blame. If the future problems were so obvious to all, why did you continue to hold? 

I have recognized the inherent potential risk of conflicts with external management in prior posts but weigh that risk against its’ benefits. Of course SLAM grows with the growth of SGR but is that sinister in a capitalistic society? The SGR Board has a fiduciary duty to act in the best interests of SGR and must approve this growth. Until the Board demonstrates that it is not providing the proper oversight, I (and 97%) will continue to support them.

Insofar as SOT, if you feel that the Board is not providing the proper oversight, I would suggest that you contact the Chairperson (email address is in the recent Circular). They invite feedback in the Circular.
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