Slate Grocery REIT is a 100% pure play grocery focused US strip mall operator. It has 117 properties comprising 15.3 million sq. ft. in 24 states primarily located in the fast growing mid-Atlantic, Southeastern US, and Texas. Property value was $2.4 billion as of Sept. 30, 2023.
Income Investor
While Slate has been one of the best performing grocery anchored REITs, it still sells at a 25% discount to its NAV despite having the highest exposure to grocers of any US grocery anchored REIT. Buy now for its high but sustainable yield and opportunity to increase its rents over the next few years. - Gavin Graham
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SGR.UN was first recommended here on May 28, 2017