Stock price when the opinion was issued
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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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.