Bullboard - Stock Discussion Forum 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... see more

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TSX:SGR.UN - Post Discussion

Slate Grocery REIT > Should I add more of this or hold?

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Post by canadian on Sep 09, 2024 3:43pm

Should I add more of this or hold?

I own few shares but not sure if I should buy more.

Average Mortgage interest rate of SGR currently is around 4.5%. All of their debt is in USA. Projected five year bond yield is between 3 and 3.5% for the foreseeable future. So SGR will be renewing mortgages at around 5 to 5.5%. Their payout ratio is almost 100%. With 10% rent increases every year, they will not be able to sustain their dividend. They might need to cut the dividend may be in end of 2025 or 2026 if US 5 year bond stays around 3.5%. What are your thoughts on this?

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Comment by rabnud on Sep 11, 2024 8:21pm

SGR has gone right off the dial in the last few months big time last couple days In fact all my Reits have ghave gone off the dial as of last few weeks

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