This summary was created by AI, based on 2 opinions in the last 12 months.
The experts have mixed opinions on Slate Grocery REIT. One expert mentions concerns over the overpayment of distribution and doubts about its sustainability, as well as muted top-line growth and prioritizing stock buybacks over debt payment. Another expert, however, highlights the stable distribution and decent portfolio, especially in US grocery assets. The stock seems to have both positive and negative aspects, making it a somewhat uncertain investment.
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.
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.
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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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
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
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 .
Slate Grocery REIT was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Slate Grocery REIT .
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.
2 stock analysts on Stockchase covered Slate Grocery REIT In the last year. It is a trending stock that is worth watching.
On 2024-09-06, Slate Grocery REIT (SGR.UN-T) stock closed at a price of $12.75.
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.