Slate Grocery REIT Class U Units T.SGR.UN

Alternate Symbol(s): SRRTF

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.

TSX:SGR.UN - Post by User

Slate Grocery REIT Class U Units

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Post by canadianon Sep 09, 2024 3:43pm

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Post# 36215332

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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