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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) has garnered mixed reviews from industry experts. On one hand, it is highlighted as the top Canadian company focused on US properties, which could provide a hedge if tariffs impact Canada. Additionally, the company is praised for its grocery-anchored tenants, considered to be a safer option in the current market. The balance sheet is reported to be strengthening, with a dividend that appears stable, positioning it as a hold for income-seeking investors. Conversely, there are concerns regarding its trade performance, as the REIT predominantly owns retail in the US, particularly in southern regions and secondary markets. Experts noted issues like declining occupancy rates and suggested that potential investors might want to consider alternatives, as they believe Slate Grocery isn't experiencing the same growth as its competitors.

Consensus
Mixed
Valuation
Fair Value
Similar
WPG,WSR
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 2025-04-14, Slate Grocery REIT (SGR.UN-T) stock closed at a price of $13.52.