Slate Grocery REIT

SGR-U · TO · Real Estate / REIT - Retail

12.43USD-0.02 (-0.16%)

Price History

Full chart

Market Stats

Previous Close12.45

Open12.42

Day Range12.42 – 12.48

52-Week Range6.66 – 12.60

Volume22.43K

Market Cap763.10M

P/E (TTM)17.66

Forward P/E8.36

EPS0.71

Dividend Yield6.89%

Beta1.04

50-Day Avg11.47

200-Day Avg11.65

About

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Slate Grocery REIT was incorporated in 2012 in Ontario, Canada.

Company Details

SectorReal Estate
IndustryREIT - Retail
CEOMr. Blair Welch
Employees0
Headquarters121 King Street West, Toronto, ON, Canada, M5H 3T9, Canada
Websitehttps://www.slategroceryreit.com

Leadership

Mr. Blair WelchCEO & Trustee · b. 1973
Mr. Joseph PleckaitisChief Financial Officer
Mr. Ramsey AliCorporate Secretary & General Counsel
Ms. Lisa RowePartner
Mr. John MurraySenior Vice President of Legal
Ms. Jennifer PyperSenior Vice President
Ms. Bozena JankowskaMD & Global Head of Responsible Investment
Mr. Bon LeeSenior Vice President of Taxation
Mr. Connor O'BrienManaging Director
Mr. Allen GordonSenior Vice President

Financials

Income Statement

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	118.74M	144.21M	141.31M	126.13M	138.28M	177.49M	203.28M	209.13M	213.37M
Growth (%)	-	+21.46%	-2.01%	-10.75%	+9.63%	+28.36%	+14.53%	+2.88%	+2.02%
Cost of Revenue	29.78M	40.51M	41.03M	34.63M	37.42M	50.07M	72.81M	73.74M	75.03M
Gross Profit	88.95M	103.70M	100.28M	91.50M	100.86M	127.41M	130.47M	135.40M	138.34M
Gross Margin	74.92%	71.91%	70.96%	72.54%	72.94%	71.79%	64.18%	64.74%	64.84%
Operating Expense	7.53M	9.20M	9.83M	8.64M	9.73M	14.07M	5.59M	5.75M	5.99M
Operating Income	81.42M	94.50M	90.45M	82.86M	91.13M	113.35M	124.88M	129.65M	132.35M
Operating Margin	68.57%	65.53%	64.01%	65.69%	65.90%	63.86%	61.43%	61.99%	62.03%
EBITDA	60.82M	26.01M	77.55M	77.40M	150.55M	215.05M	86.77M	128.47M	129.86M
EBITDA Margin	51.23%	18.04%	54.88%	61.36%	108.87%	121.17%	42.68%	61.43%	60.86%
Net Income	53.58M	-6.89M	30.79M	41.26M	90.87M	128.80M	13.60M	39.67M	43.39M
Net Income Margin	45.12%	-4.78%	21.79%	32.71%	65.72%	72.57%	6.69%	18.97%	20.33%
Interest Expense	0	36.93M	37.19M	22.13M	23.34M	41.34M	65.24M	68.21M	67.25M
Interest Expense % of Total Revenue	0.00%	25.61%	26.32%	17.55%	16.88%	23.29%	32.09%	32.62%	31.52%

Balance Sheet

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	1.50B	1.42B	1.32B	1.32B	1.74B	2.27B	2.24B	2.23B	2.36B
Total Liabilities	1.45B	978.53M	911.65M	870.84M	1.11B	1.34B	1.37B	1.38B	1.52B
Total Equity	47.86M	437.80M	403.43M	452.72M	619.02M	740.51M	687.44M	673.47M	659.12M
Cash	7.38M	1.11M	2.41M	2.36M	14.04M	20.39M	23.59M	22.67M	21.82M
Net Debt	875.66M	870.45M	786.98M	724.01M	923.71M	1.11B	1.14B	1.14B	1.28B

Cash Flow

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	49.52M	57.82M	44.48M	39.35M	50.80M	58.99M	71.05M	70.97M	66.96M
Investing Cash Flow	-391.35M	15.78M	100.54M	5.79M	-190.85M	-381.74M	-	-	-
Financing Cash Flow	335.79M	-79.88M	-143.72M	-45.19M	151.72M	329.11M	-113.69M	-61.46M	-15.87M
Capital Expenditure	4.38M	5.55M	2.51M	2.74M	4.69M	7.04M	6.37M	3.93M	6.26M
Free Cash Flow	45.14M	52.27M	41.96M	36.61M	46.12M	51.95M	64.69M	67.04M	60.71M
Dividends Paid	31.67M	35.55M	35.91M	35.42M	43.38M	51.71M	52.68M	51.09M	51.12M
FCF to OCF	91.15%	90.39%	94.35%	93.03%	90.77%	88.06%	91.04%	94.46%	90.66%
Dividend Paid to FCF	70.16%	68.01%	85.57%	96.74%	94.06%	99.54%	81.44%	76.20%	84.20%

Earnings

Report Date	Nov 4, 2026
EPS Estimate	-
EPS Actual	-
Surprise	-
Timing	After-hours

Key Statistics & Ratios

Market Cap763.10M

Enterprise Value1.92B

Trailing P/E17.66

Forward P/E8.36

Price / Sales3.27

Price / Book0.97

EPS0.71

Book Value11.18

Revenue (TTM)233.51M

Gross Profit (TTM)162.70M

Profit Margin18.37%

Operating Margin65.41%

Return on Equity6.82%

Return on Assets3.75%

Shares Outstanding0

Shares Float59.19M

Beta1.04

Dividend Yield6.89%

Dividend Rate0.86

Payout Ratio111.58%

Dividends

20268×

0.07Aug 31, 20260.07Jul 31, 20260.07Jun 30, 20260.07May 29, 20260.07Apr 30, 20260.07Mar 31, 20260.07Feb 27, 20260.07Jan 30, 2026

202512×

0.07Dec 31, 20250.07Nov 28, 20250.07Oct 31, 20250.07Sep 29, 20250.07Aug 29, 20250.07Jul 31, 20250.07Jun 30, 20250.07May 30, 20250.07Apr 30, 20250.07Mar 31, 20250.07Feb 28, 20250.07Jan 31, 2025

20244×

0.07Dec 31, 20240.07Nov 29, 20240.07Oct 31, 20240.07Sep 27, 2024