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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Slate Grocery REIT (SGR.UN-T) is a Canadian company that focuses primarily on grocery-anchored retail properties in the United States. Experts acknowledge its strong balance sheet and emphasize its defensive nature due to the grocery-style tenants, which are generally considered safe investments. However, there are mixed views on its overall performance; while one report highlights potential advantages if tariffs negatively impact Canadian markets, another points out declining occupancy rates and slower growth compared to peers. This divergence suggests that while the stock could be a reliable choice for income investors, caution may be warranted for those seeking growth. Investors should weigh these considerations carefully, especially given the differing expert opinions on its market position and future prospects.

Consensus
Hold
Valuation
Fair Value
HOLD

Canadian company that is focused on USA properties. Could be a good option if tariffs hit Canada. Grocery style tenets are very safe. Balance sheet is getting stronger, and dividend looks safe. Would recommend holding for income purposes. 

DON'T BUY

Trades on the TSX, but owns retail exclusively in the US. Grocery-anchored is quite defensive. In southern US and secondary markets. Not seeing the same growth as peers. Occupancy down. Look elsewhere.

SELL

Issue is overpayment of distribution, not sure it's sustainable, interest costs really cutting into bottom line. Top line muted, only 0.5% growth this past quarter. Buying stock rather than paying down debt. Look elsewhere, try FCR.

HOLD

Stable distribution. Canadian REIT that invests in US grocery assets. Decent portfolio, even if it is in secondary markets (which may not be bad for grocery markets). Attractive valuation. Pretty steady earnings grower. 

HOLD

Listed in Canada, owns properties across the US. Likes the sector of grocery-anchored shopping centres. Low growth, but steady. Only 1% growth expected this year, so no distribution increase anticipated. Above-average leverage.

BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

SGR's small size adds some risk, but it is priced well enough and cash flow is stable. 
3% to 5% growth is expected. 
We would prefer DIR.UN but if industrial sector exposure is not needed we would be fine with SGR. 
Our January 23 comments still apply, but the valuation is better today.  
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HOLD
Assets in US, trades on TSX. Shopping centres benefit when anchor tenant is a grocery. Good job growing portfolio. Balance sheet is fine, distribution is safe. Safe and stable hold as it takes time to digest recent acquisition.
BUY
US grocery anchored in the US. It is in a good spot. They recently did a good acquisition of complimentary stores. It is pretty safe in terms of distribution.
SELL
US-domiciled REIT that trades in Canada, anchored by grocery stores. Defensive. Missed last quarter, but not a big deal. In the right spot. Small market cap, so a liquidity issue. Buys good assets. Cheap valuation. He sold when it moved up.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Momentum is solid and growth is decent. Continues to make acquisitions. Dividend is fine, but payout ratio is high at almost 100% of cash flow. Debt has improved and grocery real estate gives stability. $500M in market cap, so relatively small. Unlock Premium - Try 5i Free

DON'T BUY
It is focused on US grocery-anchored shopping centers. It is fairly valued after just doing an acquisition. It is a high yielding stock, but he does not think they are covering the distribution today. There is higher value in the sector today.
BUY
Likes it. Their assets are all US--Indiana, Illinois--and centered on groceries. The 9% yield is safe. Leverage isn't high. Trades at a 15% discount to NAV. Good growth ahead, at least six months. Problem is few follow this, because it's small. High rent-collection rate.
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Slate Grocery REIT (SGR.UN-T) Rating

Ranking : 3 out of 5

Star iconStar iconStar iconStar empty iconStar empty icon

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

Stockchase rating for Slate Grocery REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Slate Grocery REIT (SGR.UN-T) Frequently Asked Questions

What is Slate Grocery REIT stock symbol?

Slate Grocery REIT is a Canadian stock, trading under the symbol SGR.UN-T on the Toronto Stock Exchange (SGR.UN-CT). It is usually referred to as TSX:SGR.UN or SGR.UN-T

Is Slate Grocery REIT a buy or a sell?

In the last year, 2 stock analysts published opinions about SGR.UN-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Slate Grocery REIT .

Is Slate Grocery REIT a good investment or a top pick?

Slate Grocery REIT was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Slate Grocery REIT .

Why is Slate Grocery REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Slate Grocery REIT worth watching?

2 stock analysts on Stockchase covered Slate Grocery REIT In the last year. It is a trending stock that is worth watching.

What is Slate Grocery REIT stock price?

On 2025-04-25, Slate Grocery REIT (SGR.UN-T) stock closed at a price of $13.89.