Added to YB: 2025-04-22
Pitch date: 2025-03-04
SGR-UN.TO [bullish]
Slate Grocery REIT
+13.16%
current return
Author Info
No bio for this author
Company Info
Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately $2.
Market Cap
CAD 592.9M
Pitch Price
CAD 13.34
Price Target
19.00 (+27%)
Dividend
8.62%
EV/EBITDA
N/A
P/E
15.80
EV/Sales
8.79
Sector
Retail REITs
Category
value
Slate Grocery REIT - $SGR-UN.TO
SGR-UN.TO: US grocery-anchored REIT at 5x FFO/8.5% yield vs US peers at 15.5x/3.9%. 95% grocery-anchored centers (premium asset class) but trades cheap due to TSX listing despite all assets in US. $19 CAD 3yr target using DDM. Trades at discount despite 11.1%/8.5% 5/10yr returns. Catalysts: cross-border asset parity, improving occupancy.
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