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Home CompaniesSlate Grocery REIT

Slate Grocery REIT

Real Estate REIT - Retail
PortfolioPortfolio WatchlistWatchlist
Company price
10.75 CAD -0.65 ( 5.70%)
Last update at 2026-09-25T20:00:00Z
VOLUME
3379809
Market Cap
739.15M
P/E
22.32

Momentum Score

…

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $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 provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
9.36
Low
11.07
High
52 Week Price Range
9.30
Low
15.01
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Slate Grocery REIT (SGR-UN.TO) is a Toronto Stock Exchange–listed real estate investment trust that owns and operates grocery-anchored retail properties. Its long-term growth drivers include recurring lease income from essential retail tenants, defensive demand for grocery-anchored locations and portfolio growth through acquisitions and active asset management, which may appeal to investors seeking predictable cash flows and dividend yield.
Principal risks are sensitivity to interest rates and cap-rate movements, tenant concentration among a few grocery operators and regional retail market or leasing downturns that could pressure occupancy and rental growth.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
11.40
Dividend Yield
9.35%
Revenue TTM
204.60M
Revenue Per Share
3.35
Gross Profit TTM
156.68M
Debt / Equity
1.53
ROE
3.85%
Net Debt
1111.10M
ROCE
2.33%
Diluted EPS TTM
0.56

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 173.71M 127.21M 55.26M 40.36M -10.91M
Minority interest -10.87M -0.52M - - -
Net income 128.80M 90.87M 41.26M 30.79M -6.89M
Selling general administrative 13.31M 9.30M 8.26M 8.65M 8.70M
Gross profit 127.41M 100.86M 91.50M 100.28M 103.70M
Ebit 49.83M 45.97M 77.40M 77.55M 93.40M
Ebitda 140.66M 104.87M 79.55M 89.13M 26.01M
Depreciation and amortization 90.83M 58.90M 2.15M 11.59M -
Operating income 49.83M 45.97M 77.40M 77.55M 94.50M
Other operating expenses 64.14M 47.15M 43.27M 50.87M 49.71M
Interest expense 41.34M 23.34M 22.13M 37.19M 36.93M
Tax provision 34.04M 35.82M 14.00M 9.56M -4.02M
Interest income 0.04M 0.10M 0.48M 0.14M 0.95M
Net interest income -43.30M -30.08M -23.86M -38.66M -37.49M
Income tax expense 34.04M 35.82M 14.00M 9.56M -4.02M
Total revenue 177.49M 138.28M 126.13M 141.31M 144.21M
Total operating expenses 14.07M 9.73M 8.64M 9.83M 9.20M
Cost of revenue 50.07M 37.42M 34.63M 41.03M 40.51M
Total other income expense net 123.89M 81.24M -22.13M -37.19M -105.42M
Net income from continuing ops 139.68M 91.39M 41.26M 30.79M -6.89M
Net income applicable to common shares 128.00M 86.91M 41.60M 26.32M 2.46M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 2270.40M 1737.16M 1323.55M 1315.08M 1416.33M
Other current assets 1.77M 0.12M 0.37M 0.27M 5.05M
Total liab 1339.30M 1113.24M 870.84M 911.65M 978.53M
Total stockholder equity 740.51M 619.02M 452.72M 403.43M 437.80M
Other current liab 20.03M 25.90M 9.60M 16.44M 7.95M
Common stock 596.70M 576.54M 463.60M 407.55M 419.01M
Capital stock 596.70M 576.54M 463.60M 407.55M 419.01M
Retained earnings 133.31M 57.14M 14.43M 8.70M 18.14M
Other liab 154.94M 109.91M 72.33M 65.04M 60.43M
Other assets 1.19M 1.45M 6.29M 2.29M 2.51M
Cash 20.39M 14.04M 2.36M 2.41M 1.11M
Total current liabilities 134.65M 52.44M 30.94M 105.17M 30.54M
Current deferred revenue 6.44M 5.24M 2.48M 5.13M 3.66M
Net debt 1111.10M 923.71M 724.01M 786.98M 870.45M
Short term debt 91.87M 8.53M 5.11M 80.45M 3.04M
Short long term debt 91.87M 8.53M 5.11M 80.45M 3.04M
Short long term debt total 1131.49M 937.74M 726.37M 789.39M 871.56M
Other stockholder equity 10.49M -14.66M -25.32M -12.82M 0.65M
Property plant equipment 2087.43M 1608.65M 1277.18M 1288.54M 1382.95M
Total current assets 55.91M 39.76M 36.61M 17.44M 28.05M
Long term investments 109.46M 87.30M 3.47M 5.05M 2.82M
Net tangible assets 740.51M 619.02M 452.72M 403.43M 437.80M
Net receivables 24.05M 18.00M 13.22M 12.10M 21.89M
Long term debt 1039.62M 929.22M 721.26M 708.94M 868.52M
Inventory 9.70M 7.60M 20.66M 2.66M -
Accounts payable 16.32M 12.78M 13.74M 11.37M 14.50M
Accumulated other comprehensive income 10.49M -14.66M -25.32M -12.82M 0.65M
Non currrent assets other 2105.04M 1610.10M 1283.47M 1292.59M 1388.28M
Non current assets total 2214.49M 1697.40M 1286.94M 1297.64M 1388.28M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -381.74M -63.34M -63.34M 6.75M 6.75M
Change to liabilities 0.00M 0.00M 0.00M 0.00M 0.00M
Total cashflows from investing activities -381.74M -190.85M 5.79M 100.54M 15.78M
Net borrowings 191.66M 97.11M -63.08M -83.86M -21.22M
Total cash from financing activities 329.11M 151.72M -45.19M -143.72M -79.88M
Change to operating activities -3.48M 4.58M -0.82M -1.38M 4.14M
Net income 138.87M 87.43M 41.60M 26.32M -6.89M
Change in cash 6.35M 11.68M -0.05M 1.30M -6.27M
Begin period cash flow 14.04M 2.36M 2.41M 1.11M 7.38M
End period cash flow 20.39M 14.04M 2.36M 2.41M 1.11M
Total cash from operating activities 58.99M 50.80M 39.35M 44.48M 57.82M
Issuance of capital stock 18.02M 99.10M 56.05M - 0.00M
Other cashflows from investing activities -0.12M 19.68M -22.34M -0.29M -0.03M
Dividends paid 52.53M 44.31M 36.35M 37.56M 37.42M
Sale purchase of stock - - 381.41M -22.30M -21.23M
Other cashflows from financing activities 548.94M 311.85M 379.59M 81.52M 38.10M
Change to netincome -67.85M -42.68M -3.73M 17.47M 49.28M
Capital expenditures 7.04M 4.69M 2.74M 2.51M 5.55M
Change in working capital -3.48M 4.58M -0.82M -1.38M 4.14M
Other non cash items -107.47M -73.16M -12.22M 9.96M 64.80M
Free cash flow 51.95M 46.12M 36.61M 41.96M 52.27M

Peer Comparison*

Sector: Real Estate Industry: REIT - Retail

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SGR-UN
Slate Grocery REIT		 -0.65
5.70%		 10.75 22.32 6.64 3.61 0.78 11.14 22.31
CHP-UN
Choice Properties Real Estate Investment Trust		 0.20
1.36%		 14.87 15.24 13.72 7.35 0.95 8.73 9.26
REI-UN
RioCan Real Estate Investment Trust		 0.31
1.52%		 20.70 37.32 10.32 4.73 0.73 11.02 36.83
SRU-UN
SmartCentres Real Estate Investment Trust		 0.22
0.83%		 26.62 8.62 12.05 4.47 0.79 11.07 12.00
CRT-UN
CT Real Estate Investment Trust		 0.15
0.90%		 16.89 14.82 10.80 6.24 2.00 8.99 13.02

Profile*

Slate Grocery REIT

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $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 provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.

121 King Street West, Toronto, ON, Canada, M5H 3T9

416-644-4264

https://www.slategroceryreit.com

Name Title Year Born
Mr. Blair Welch C.A., CA CEO & Trustee 1973
Mr. Andrew Agatep Chief Financial Officer NA
Ms. Nicole Trpcic Mang. of HR & Operations NA
Ms. Katie Fasken Managing Director of Investor Relations NA
Mr. Ramsey Ali J.D. Corp. Sec. & Gen. Counsel NA
Ms. Karolina Kmiecik Director of Communications NA
Ms. Lisa Rowe Partner NA
Ms. Bozena Maria Jankowska MD & Global Head of ESG NA
Mr. Bon Lee Sr. VP of Taxation NA
Mr. Connor O'Brien Sr. VP NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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