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
Slate Grocery sells at a substantial discount to its NAV of $14.25, and at much lower valuations than comparable Canadian or US grocery focused REITs. The likelihood of strong growth in rentals and its high and sustainable yield make Slate Grocery a Buy. - Gavin Graham
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SGR.UN was first recommended here on May 28, 2017