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Slate Grocery REIT (SGR.UN-T)
TSE:SGR.UN
14.61
0.06
(0.41%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Weekly 52-Week Low (or 52-Week High): BAM-T, LB-T, S-T, NSCI-X and More 52-Week Highs and Lows (Nov 27-Dec 03)This summary was created by AI, based on 1 opinions in the last 12 months.
Experts are generally cautious about Slate Grocery REIT, noting that while it is the No. 1 Trades on the TSX and exclusively owns retail in the US, it is not seeing the same growth as its peers. The company's grocery-anchored properties in the southern US and secondary markets are viewed as defensive, but its occupancy is down. Overall, the consensus is to look elsewhere for better opportunities.
$13.530
No
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.
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
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Slate Grocery REIT (SGR.UN-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
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, 1 stock analyst 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?
1 stock analyst 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 2024-12-11, Slate Grocery REIT (SGR.UN-T) stock closed at a price of $14.61.
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.